Shares of B&G Foods (NYSE:BGS) surged 38% on Wednesday after the packaged goods maker lifted its full-year financial targets.
Image source: Getty Images.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Strengthening profitability
B&G Foods’ net sales grew 4.7% year over year to $20.5 million in the third quarter.
The food distributor’s revenue was boosted by its acquisitions of the College Inn and Kitchen Basics brands in March.
Excluding acquisitions and divestitures, the company’s base business net sales rose 5% to $404.6 million, driven by a 6% increase in volume.
B&G Foods is working to cut costs to bolster its profitability. The divestiture of its lower-margin Green Giant U.S. frozen business helped its adjusted gross margin improve to 24.2% from 22.5% in the year-ago quarter.
B&G Foods’ adjusted net income, in turn, jumped 52% to $17.8 million, or $0.21 per share. That topped Wall Street’s expectations, which had called for per-share profits of $0.15.
A focus on free cash flow
B&G Foods now expects full-year net sales of $1.76 billion to $1.8 billion in 2026, with adjusted earnings per share of $0.575 to $0.675.
CEO Rob Mills said B&G Foods will continue to prioritize its cost-saving programs to boost cash flow and pay down debt.
“We are taking deliberate actions to strengthen B&G Foods, improve financial flexibility, and position our company for sustainable long-term performance,” Mills said.
Should you buy stock in B&G Foods right now?
Before you buy stock in B&G Foods, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and B&G Foods wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $341,157!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,037,753!*
Now, it’s worth noting Stock Advisor’s total average return is 834% — a market-crushing outperformance compared to 207% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of November 11, 2026.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
