News & Events zu B&G Foods Inc (BGS)BGSB&G Foods Inc

B&G Foods Sells B&M Brand to McCall Farms

B&G Foods "announced that it has sold the B&M brand of baked beans and brown bread and the Joan of Arc brand of kidney, chili and other canned beans to McCall Farms, Inc. B&G Foods intends to use the net proceeds from the sale to repay long-term debt. The terms of the transaction were not disclosed."

B&G Foods and Nortera Foods Terminate Asset Purchase Agreement

B&G Foods and Nortera Foods announced that B&G Foods Canada and Nortera Foods terminated on October 5, 2026 their previously announced asset purchase agreement entered into on October 24, 2025, pursuant to which B&G Foods Canada had agreed to sell Green Giant Canada to Nortera Foods. Under the terms of the asset purchase agreement, either party was entitled to terminate the agreement if regulatory approval in Canada had not been obtained by the Competition Act outside date of September 24, 2026. Although the parties worked cooperatively and in good faith to seek the required approval under Canada's Competition Act, the approval had not been obtained by the outside date and the conditions to closing therefore were not satisfied.

B&G Foods Q2 Revenue at $383.28M, Below Consensus

Reports Q2 revenue $383.28M, consensus $395.95M. "Our second quarter results reflect the discipline we have brought to reshaping B&G Foods' portfolio. Following the divestiture of our Green Giant U.S. frozen business and the acquisition of the College Inn and Kitchen Basics brands, we grew adjusted EBITDA and expanded our adjusted EBITDA margin in the second quarter as compared to the second quarter of last year, while reducing selling, general and administrative expenses. We also completed a $475 million offering of senior notes due 2031 to refinance senior notes due 2027, strengthening our balance sheet. Together, these results keep us on track to deliver our full year 2026 guidance," said Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer of B&G Foods.