B&G Foods Stock Jumps 38% After Third-Quarter Results and Raised Sales Outlook

B&G Foods (NYSE: BGS) shares rose 38.0% on Wednesday, Nov. 11, closing at $3.67 against a previous close of $2.66. The S&P 500 ETF (SPY) rose 1.32% that session, and the stock traded about 7.5 times its usual volume. The move followed the company's third-quarter results, which it released after the close on Nov. 10 in a 8-K and a quarterly report on 10-Q filed the same afternoon.

Guidance raised on sales and EBITDA

In the press release furnished with the 8-K, B&G raised its full-year fiscal 2026 net sales guidance to a range of $1.760 billion to $1.800 billion and raised its adjusted EBITDA guidance to $280.0 million to $290.0 million. It reaffirmed adjusted diluted earnings per share at $0.575 to $0.675. Chief Executive Rob Mills said third-quarter and year-to-date results reflected "encouraging progress."

Quarter shows sales and EBITDA growth

Third-quarter net sales rose 4.7% to $459.8 million. Base business net sales, which exclude acquisitions and divestitures, increased 5.0% to $404.6 million. Adjusted EBITDA reached $81.8 million, up from $70.4 million a year earlier, and rose to 17.8% of net sales from 16.0%. The company attributed these gains mainly to base business growth, the College Inn and Kitchen Basics acquisition, the Green Giant U.S. frozen divestiture and lower tariff expenses.

Losses widened

Not every measure improved. The company posted a net loss of $32.5 million, or $0.40 per diluted share, compared with a net loss of $19.1 million, or $0.24 per share, a year earlier. Net interest expense rose 20.1% to $44.8 million, and the company recorded a $40.7 million non-cash impairment charge tied to the B&M and Joan of Arc brands, which it divested on Oct. 13, 2026.

As of Oct. 3, 2026, B&G reported $61.7 million in cash and cash equivalents.