B&G Foods Reports Q3 2026 Growth Driven by Volume and Acquisitions
B&G Foods (BGS) reported strong third-quarter results for fiscal year 2026, with net sales rising 4.7% to $459.8 million compared to the prior year. The growth was primarily fueled by a 5% increase in base business net sales and significant contributions from the recent acquisition of College Inn and Kitchen Basics, which boosted the Meals segment by nearly 28%. Despite facing headwinds such as increased soybean and canola oil costs for the Crisco brand and higher interest expenses on new senior notes, the company raised its full-year guidance for both net sales ($1.76 billion to $1.8 billion) and adjusted EBITDA ($280 million to $290 million). The divestiture of the Green Giant U.S. frozen business led to a sharp decline in the Frozen and Vegetables segment, though Green Giant Canada saw robust growth. Management is focusing on productivity targets to offset inflationary pressures and managing a consolidated leverage ratio that peaked at 6.4x this quarter due to seasonal working capital requirements.
Tickers: $BGS
Topics: Acquisition Impact Adjusted EBITDA EPS Guidance Raise Net Sales