B&G Foods (NYSE:BGS) Misses Q2 CY2026 Sales Expectations
Packaged foods company B&G Foods (NYSE:BGS) fell short of the market’s revenue expectations in Q2 CY2026, with sales falling 9.7% year on year to $383.3 million. On the other hand, the company’s full-year revenue guidance of $1.76 billion at the midpoint came in 1.1% above analysts’ estimates. Its non-GAAP profit of $0.06 per share was in line with analysts’ consensus estimates.
Is now the time to buy B&G Foods? Find out by accessing our full research report, it’s free.
B&G Foods (BGS) Q2 CY2026 Highlights:
- Revenue: $383.3 million vs analyst estimates of $397.3 million (9.7% year-on-year decline, 3.5% miss)
- Adjusted EPS: $0.06 vs analyst estimates of $0.06 (in line)
- Adjusted EBITDA: $60.39 million vs analyst estimates of $59.4 million (15.8% margin, 1.7% beat)
- The company reconfirmed its revenue guidance for the full year of $1.76 billion at the midpoint
- Management reiterated its full-year Adjusted EPS guidance of $0.63 at the midpoint
- EBITDA guidance for the full year is $282.5 million at the midpoint, above analyst estimates of $278.3 million
- Operating Margin: 9%, up from 5.2% in the same quarter last year
- Sales Volumes were down 4.3% year on year
- Market Capitalization: $276 million
Company Overview
Started as a small grocery store in New York City, B&G Foods (NYSE:BGS) is an American packaged foods company with a diverse portfolio of more than 50 brands.
Revenue Growth
A company’s long-term performance is an indicator of its overall quality. Any business can have short-term success, but a top-tier one grows for years.
With $1.77 billion in revenue over the past 12 months, B&G Foods is a small consumer staples company, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with retailers.
As you can see below, B&G Foods’s demand was weak over the last three years. Its sales fell by 6% annually despite selling a similar number of units each year. We’ll explore what this means in the “Volume Growth” section.
This quarter, B&G Foods missed Wall Street’s estimates and reported a rather uninspiring 9.7% year-on-year revenue decline, generating $383.3 million of revenue.
Looking ahead, sell-side analysts expect revenue to decline by 2.3% over the next 12 months. it’s tough to feel optimistic about a company facing demand difficulties.
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Cash Is King
If you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills.
B&G Foods has shown mediocre cash profitability relative to peers over the last two years, giving the company fewer opportunities to return capital to shareholders. Its free cash flow margin averaged 4.9%, below what we’d expect for a consumer staples business.
Key Takeaways from B&G Foods’s Q2 Results
It was good to see B&G Foods provide full-year revenue guidance that slightly beat analysts’ expectations. We were also happy its EBITDA outperformed Wall Street’s estimates. On the other hand, its revenue missed and its gross margin fell short of Wall Street’s estimates. Overall, this was a mixed quarter. The stock traded up 3.1% to $3.52 immediately after reporting.
So do we think B&G Foods is an attractive buy at the current price? We think that the latest quarter is only one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).