B&G Foods Raises 2026 Net Sales Forecast and Outlines Debt Reduction Targets
B&G Foods (BGS) reported strong third-quarter performance, highlighted by a 5% growth in base business net sales. Following these results, management has raised its full-year 2026 net sales guidance to a range of $1.76 billion to $1.8 billion. In addition to revenue growth, the company is prioritizing balance sheet health. Leadership has established a strategic goal to reduce leverage to below 6x by mid-2027. This move aims to stabilize the company's financial position following recent performance volatility.
Tickers: $BGS
Topics: management commentary net sales growth quarterly earnings