B&G Foods positions for “transformational year” as guidance raised
Key takeaways
- While sales, adjusted EBITDA and EPS are expected to be higher in fiscal 2026 than was envisaged in March, the sale of the Green Giant frozen business in the US – its most recent divestment – led to a first-quarter loss.
- B&G Foods is going through a business reset following the purchase of the College Inn and Kitchen Basics brands.
- It has also recently offloaded the Le Sueur and Don Pepino businesses, with the combination of disposals leading to a 3.9% decrease in first-quarter sales to $408.9m.
B&G Foods positions for “transformational year” as guidance raised Simon Harvey Wed, May 13, 2026 at 8:25 PM GMT+7 3 min read BGS GGEI B&G Foods is positioning for a “transformational year” in the wake of recent acquisitions and disposals as the US group raised guidance across a range of metrics.
While sales, adjusted EBITDA and EPS are expected to be higher in fiscal 2026 than was envisaged in March, the sale of the Green Giant frozen business in the US – its most recent divestment – led to a first-quarter loss.
The group’s $32.5m net loss was mainly driven by $36.3m loss from the sale of assets in connection with that disposal, including $5.8m from impairments related to property, plant and equipment, as well as an increase in acquisition costs.