B&G Foods (NYSE:BGS) issues quarterly earnings results. November 10, 2026 Key points. * B&G Foods beat quarterly estimates: EPS was $0.21 versus $0.15 expected, while revenue reached $459.78 million, up 4.7% year over year. Management raised full-year sales and adjusted EBITDA guidance and reaffirmed adjusted EPS guidance. * Stronger adjusted performance masked a GAAP loss: The company recorded a $32.5 million net loss, including a $40.7 million non-cash impairment charge; adjusted net income was $17.8 million. * High debt and rising costs remain challenges: Covenant leverage was just over 6.4 times and quarterly net interest expense rose to $44.8 million, while higher oil and transportation costs pressured parts of the business. * MarketBeat previews top five stocks to own in December. B&G Foods (NYSE:BGS - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.06, FiscalAI reports. B&G Foods had a negative net margin of 4.00% and a positive return on equity of 10.74%. The business had revenue of $459.78 million during the quarter, compared to the consensus estimate of $435.00 million. During the same quarter last year, the firm earned $0.15 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. Here are the key takeaways from B&G Foods' conference call: * Sales and adjusted EBITDA strengthened: Third-quarter net sales rose 4.7% and base-business sales increased 5%, primarily on higher volume; adjusted EBITDA climbed to $81.8 million from $70.4 million a year earlier. Management raised full-year net sales guidance to $1.76 billion-$1.80 billion and adjusted EBITDA guidance to $280 million-$290 million, while reaffirming adjusted EPS guidance. * Growth is coming from both core brands and alternative channels. B&G cited gains in private label, food service, club and institutional sales, alongside improving branded retail performance; management says it is targeting sustainable business that uses existing manufacturing capacity, rather than relying only on episodic opportunities. * Debt and interest costs remain a significant burden. Covenant leverage was just over 6.4 times at quarter-end, and management aims to get below 6 times by mid-2027 and below 5.5 times over time. Quarterly net interest expense increased $7.5 million to $44.8 million, partly reflecting acquisition-related borrowing and 11% notes. * The company reported a larger GAAP net loss despite stronger adjusted results. Third-quarter net loss was $32.5 million, including a $40.7 million non-cash impairment charge tied to the B&M and Joan of Arc divestiture; adjusted net income was $17.8 million. * Input-cost pressure is weighing on parts of the business. Higher soybean and canola oil costs and rising transportation and logistics expenses contributed to lower Specialty segment adjusted EBITDA; management identified diesel, freight and soybean oil as key cost pressures, though it said some costs had recently eased. B&G Foods stock up 0.2%. NYSE BGS traded up $0.01 on Tuesday, reaching $2.67. 2,541,437 shares of the stock traded hands, compared to its average volume of 2,134,065. B&G Foods has a 12 month low of $1.99 and a 12 month high of $6.38. The company has a market cap of $216.61 million, a price-to-earnings ratio of -2.99 and a beta of 0.56. The company has a fifty day moving average price of $2.72 and a 200-day moving average price of $4.03. The company has a debt-to-equity ratio of 5.08, a quick ratio of 1.09 and a current ratio of 1.62. Discover more MarketBeat All Access MarketBeat Portfolio Tracker MarketBeat Research Tools B&G Foods dividend announcement. The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 26th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.0950 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $0.38 dividend on an annualized basis and a yield of 14.3%. B&G Foods's payout ratio is -42.70%. Analyst upgrades and downgrades. A number of equities research analysts recently issued reports on BGS shares. Weiss Ratings lowered B&G Foods from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, October 8th. Barclays lowered their target price on shares of B&G Foods from $4.50 to $3.00 and set an "equal weight" rating for the company in a research note on Friday, October 16th. Jefferies Financial Group set a $4.00 price target on shares of B&G Foods in a report on Wednesday, July 22nd. Evercore set a $4.50 price target on shares of B&G Foods in a research note on Wednesday, August 12th. Finally, TD Cowen decreased their price objective on shares of B&G Foods from $4.00 to $3.00 and set a "sell" rating for the company in a report on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, B&G Foods presently has an average rating of "Sell" and a consensus price target of $3.62. About B&G Foods. B&G Foods, Inc. is a branded food company headquartered in Parsippany, New Jersey. The company manufactures, sells and distributes a portfolio of shelf-stable, frozen and specialty food products through grocery stores, mass merchandisers, club stores, foodservice distributors and e-commerce channels. Its products include vegetables, beans, pickles, condiments, sauces, spices, seasonings, baking products, hot cereals, snacks and frozen foods. B&G Foods' brand portfolio has included Ortega Mexican foods, Cream of Wheat, Mrs. Dash, Maple Grove Farms, Polaner, Cary's, Las Palmas, Underwood and B&G pickles, among other consumer food brands. Before you consider B&G Foods, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and B&G Foods wasn't on the list. While B&G Foods currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership. This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power. Continue following MarketBeat

B&G Foods sells B&M baked beans and Joan of Arc beans to McCall Farms to pay down debt, price undisclosed. By Chloe Parker Published: Oct 22 2026, 12:35 AM EDT B&G Foods has sold its B&M brand of baked beans and brown bread and its Joan of Arc brand of kidney, chili, and other canned beans to McCall Farms Inc., the company said in an Oct. 13, 2026, announcement filed with the SEC. The terms were not disclosed. B&G said it intends to use the net proceeds to repay long-term debt. The release describes the sale as completed, not pending. For shoppers, the immediate question is whether the familiar cans will change. Neither company has announced changes to recipes, packaging, prices, or where the products are sold, so B&M and Joan of Arc beans should remain on shelves under new ownership unless the new owner says otherwise. The deal and the reasons given. B&G President and CEO Robert D. Mills framed the sale as part of a broader cleanup. The sale is "another step in our efforts to simplify our portfolio, focus on our core brands and strengthen our balance sheet," Mills said, according to Food Dive, which also reported that he said B&G is taking actions that support profitable growth and reduce leverage. "We believe McCall Farms is the right owner for these brands going forward," Mills said in the company's announcement. B&G did not report how much revenue B&M and Joan of Arc generate, and neither company disclosed a purchase price. That leaves investors and analysts unable to judge from public figures how much debt the sale will retire. The company's sales have been under pressure. Food Dive reported that B&G's second-quarter sales were $383.3 million, down nearly 10% from a year earlier. McCall Farms adds more canned brands. McCall Farms is a canned food processor based in Effingham, S.C., according to Baking Business. This is not its first purchase from B&G. In August 2025, B&G sold McCall Farms its U.S. Le Sueur brand of premium sweet peas, green beans and carrots, also for undisclosed terms, according to B&G's announcement of that sale. That deal excluded the brand in Canada. The two deals together move a set of shelf-stable vegetable and bean brands from a diversified packaged food company to a specialist in canned produce. Whether McCall Farms will change how the brands are made or distributed has not been announced. B&M's brown bread is an unusual product - bread in a can. Baking Business reported that it is sold in 16-ounce cans and made with whole wheat, whole grain rye, molasses and buttermilk, among other ingredients. A string of B&G divestitures. The bean sale continues a multiyear effort to shed brands - a reversal for a company long known as a frequent buyer. Food Dive and Baking Business reported that B&G sold Back to Nature in 2022, its U.S. Green Giant canned vegetable business to Seneca Foods in 2023, and two Don Pepino tomato lines and the Sclafani brand in 2025. Not every sale has gone through. B&G recently terminated a deal to sell Green Giant and Le Sueur in Canada to Nortera Foods after Canada's Competition Bureau asked the Competition Tribunal in August to block it, Food Dive reported. The Bureau said the sale could raise prices, reduce choice and weaken competition, noting that Nortera already dominates Canadian processing of certain canned and frozen vegetables. That deal, announced in October 2025, allowed either side to walk away if regulatory approval was not obtained by Sept. 24, 2026. B&G said it remains confident in Green Giant Canada's future and will keep exploring options, including a sale or partnership. Nortera will remain Green Giant Canada's primary co-manufacturer, Food Dive reported. The Canadian case is a reminder that brand sales can draw regulatory review when a buyer already holds a large share of a category. No regulator has raised concerns about the McCall Farms deal in the materials reviewed by Food World News. Shoppers and the canned food aisle. For grocery shoppers, brand sales between food companies rarely change what is in the can right away. B&M and Joan of Arc products already on shelves were made under B&G's ownership, and any changes under McCall Farms would be the new owner's decision. Shoppers who rely on specific products, such as B&M brown bread or a particular Joan of Arc bean variety, may want to watch for packaging or availability changes in the months ahead, since ownership transitions can bring new labels or adjustments to product lines. Neither company has announced any such changes. People with food allergies or dietary restrictions should keep reading ingredient labels on every purchase, including familiar brands. B&M brown bread contains wheat and buttermilk, according to Baking Business, and labels are the most reliable guide if a recipe changes. Next to watch are B&G's next quarterly results, which may show the effect of the sale on its debt, and any announcement from McCall Farms about plans for the brands. Food World News will report confirmed product or packaging changes. The bottom line: B&G Foods sold B&M and Joan of Arc to McCall Farms for an undisclosed price and plans to use the money to repay debt. No product changes have been announced, and the sale is the latest in a series of B&G divestitures. What people are asking. What did B&G Foods sell? It's B&M baked beans and brown bread brand and its Joan of Arc kidney, chili, and other canned bean brand. Who bought them? McCall Farms Inc., a canned food processor based in Effingham, S.C. How much did McCall Farms pay? The terms were not disclosed. Why did B&G sell? To simplify its portfolio, focus on core brands, and repay long-term debt, according to the company. Will the products change? Neither company has announced changes to recipes, packaging, prices, or distribution. Has B&G sold other brands? Yes, including Le Sueur in the U.S. to McCall Farms in 2025 and the U.S. Green Giant canned vegetable business to Seneca Foods in 2023.

B&G Foods has sold its B&M and Joan of Arc brands to US manufacturer McCall Farms as it simplifies its portfolio and cuts debt. Financial terms were not disclosed. B&M is known for baked beans and brown bread; Joan of Arc covers canned kidney, chili and other beans. The New Jersey-based company will use net proceeds to repay long-term debt. As of July 4, B&G Foods had $2.52 billion in total debt, including $2.01 billion in long-term debt. Chief executive officer Robert Mills called the sale "another step in our efforts to simplify our portfolio, focus on our core brands and strengthen our balance sheet". It is the second deal between the two companies in just over a year. In August 2025, McCall Farms bought B&G Foods' US Le Sueur shelf-stable vegetable business.