B&G Foods, Inc.
For the period ended May 12, 2026. Filed May 12, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
May 12, 2026 · Filed May 12, 2026
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Contents
EX-99.1 · Frozen & Vegetables Segment Results
Frozen & Vegetables Segment Results
Frozen & Vegetables segment results were as follows (dollars in thousands):
| | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| · · First Quarter Ended · · · · · | |||||||||||
| · · April 4, · · March 29, · · · · · | |||||||||||
| · · 2026 · · 2025 · · · $ Change · · % Change | |||||||||||
| Frozen & Vegetables segment net sales | | $71,032 | | $93,119 | | $(22,087) | | (23.7)% | |||
| Frozen & Vegetables segment adjusted expenses | | | 66,448 | | | 94,592 | | | (28,144) | | (29.8)% |
| Frozen & Vegetables segment adjusted EBITDA | | $4,584 | | $(1,473) | | $6,057 | | (411.2)% | |||
The decrease in Frozen & Vegetables segment net sales for the first quarter of 2026 was primarily due to theGreen Giant U.S. frozen divestiture (which negatively impacted net sales versus the first quarter of 2025 by $18.7 million, net of the $8.5 million positive impact on net sales of the newGreen GiantU.S. frozen co-manufacturing agreement), and theLe Sueur U.S. divestiture (which negatively impacted net sales versus the first quarter of 2025 by $7.2 million). Net sales forGreen Giant Canada(2) increased by $4.2 million, or 16.4%, for the first quarter of 2026.
The increase in Frozen & Vegetables segment adjusted EBITDA for the first quarter of 2026 was primarily due to a decrease in raw material and manufacturing costs, the favorable impact of foreign currency on cost of goods,
- 3 - and the favorable impact of the newGreen Giant U.S. frozen co-manufacturing agreement, offset in part by lower net sales.
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