BGS News & Events

As announced in a separate press release the Company issued, beginning with the dividend payment declared on May 11, 2026 and payable on July 30, 2026, the current intended dividend rate for the Company's common stock has been reduced from $0.76 per share per annum to $0.38 per share per annum. Based upon the new current intended dividend rate of $0.38 per share per annum and the current number of outstanding shares, the Company expects the Company's aggregate dividend payments to be approximately $46.0 million in fiscal 2026 and $30.8 million in fiscal 2027.

Sees revenue $1.735B-$1.775B, consensus $1.72B. Sees adjusted EBITDA $275M-$290M.

Reports Q1 revenue $408.9M, consensus $399.83M. Commenting on the results, Casey Keller, President and Chief Executive Officer of B&G Foods, stated, "In the first quarter, B&G Foods completed major steps in reshaping our portfolio for long-term sustainability and success, divesting the Green Giant U.S. Frozen business and acquiring the College Inn and Kitchen Basics broth and stock businesses. First quarter results were generally in line or ahead of expectations and delivered 2.8% base business net sales growth."