B&G Foods Inc
NYSE:BGS
B&G Foods Inc
B&G Foods, Inc.is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. The company is headquartered in Parsippany, New Jersey and currently employs 2,847 full-time employees. The company went IPO on 2007-05-23. The firm manufactures, sells and distributes a portfolio of shelf-stable and frozen food and household products across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, cookies and crackers, baking powder, baking soda, corn starch, nut clusters and other specialty products. Its products are marketed under various brands, including Ac’cent, B&G, B&M, Back to Nature, Baker’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, and many others.
B&G Foods, Inc.is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. The company is headquartered in Parsippany, New Jersey and currently employs 2,847 full-time employees. The company went IPO on 2007-05-23. The firm manufactures, sells and distributes a portfolio of shelf-stable and frozen food and household products across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, cookies and crackers, baking powder, baking soda, corn starch, nut clusters and other specialty products. Its products are marketed under various brands, including Ac’cent, B&G, B&M, Back to Nature, Baker’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, and many others.
Portfolio reshaping: B&G completed the sale of Green Giant U.S. Frozen (received $63.2M) and plans to close Green Giant Canada (pending regulatory approval) and to acquire Collagen and Kitchen Basics broth & stock from Del Monte by end of March; company says the moves will simplify the portfolio and improve margins.
Q4 results: Net sales of $539.6M; GAAP net loss of $15.2M (diluted loss $0.19); adjusted EBITDA of $84.7M (15.7% of sales) — modestly below last year on a reported basis, with tariffs and prior divestitures cited as key drags.
Guidance: Fiscal 2026 guidance: net sales $1.655B–$1.695B and adjusted EBITDA $265M–$275M (16%–16.5% of net sales); adjusted diluted EPS guidance $0.55–$0.65.
Tariffs & pricing: Tariffs cost about $4.4M in Q4 and $9.5M in fiscal 2025; pricing actions to recover tariffs were announced in Q3 but implementation lagged some customers into Q4 — management expects to be covered going forward.
Balance sheet / leverage: Net debt was $1.912B at quarter end (pro forma ~$1.835B after transactions); pro forma net debt / covenant-adjusted EBITDA ~6.25x now, targeting nearly 6.0x by mid-year and long-term 4.5x–5.5x.
