B&G Foods, Inc.

Full Year Fiscal 2026****Guidance

B&G Foods revised its net sales guidance for fiscal 2026 to a range of $1.735 billion to $1.775 billion, revised its adjusted EBITDA guidance to a range of $275.0 million to $290.0 million, and revised its adjusted diluted earnings per share to a range of $0.575 to $0.675. This guidance (1) includes the expected impact of one fewer reporting week in fiscal 2026 as compared to fiscal 2025, (2) includes the expected impact of the Company’s divestiture of theGreen Giant U.S. frozen business, which closed on March 2, 2026, and the Company’s entry into a co-manufacturing agreement with the acquirer of the business, (3) includes the expected impact of theDon Pepino divestiture, which closed on May 23, 2025, (4) includes the expected impact of theLe Sueur U.S. divestiture, which closed on August 1, 2025, (5) includes the expected impact of theCollege Inn andKitchen Basics acquisition, which closed on March 19, 2026, and (6) excludes the expected impact of the pendingGreen Giant Canada divestiture, which, subject to regulatory approval in Canada and customary closing conditions, is expected to close during the second quarter of 2026.

B&G Foods provides earnings guidance only on a non-GAAP basis and does not provide a reconciliation of the Company’s forward-looking adjusted EBITDA and adjusted diluted earnings per share guidance to the most directly comparable GAAP financial measures because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that could be made for deferred taxes; acquisition/divestiture-related expenses, gains and losses (which may include third-party fees and expenses, integration, restructuring and consolidation expenses, amortization of acquired inventory fair value step-up and gains and losses on the sale of certain assets); gains and losses on extinguishment of debt; impairment of assets held for sale; impairment of intangible assets; non-recurring expenses, gains and losses; and other charges reflected in the Company’s reconciliation of historic non-GAAP financial measures, the amounts of which, based on past experience, could be material. For additional information regarding B&G Foods’ non-GAAP financial measures, see “About Non-GAAP Financial Measures and Items Affecting Comparability” below.