B&G Foods reported a fourth quarter that was largely in line with expectations despite a net loss driven by non-cash impairment charges. The company is actively executing its portfolio reshaping strategy, having completed several divestitures to reduce debt and focus on core brands.
Net sales decreased 2.2% to $539.6 million, primarily due to the divestitures of Le Sueur U.S. and Don Pepino.
The company recorded a net loss of $15.2 million, which included $34.8 million in non-cash impairment charges related to the Green Giant brand.
Adjusted EBITDA for the quarter was $84.7 million, representing 15.7% of net sales, a slight margin improvement over the prior year.
B&G Foods announced the divestiture of the Green Giant U.S. frozen vegetable business as part of its ongoing debt reduction strategy.
For fiscal 2026, B&G Foods expects net sales between $1.655 billion and $1.695 billion, reflecting recent divestitures and one fewer reporting week.
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