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 · (In thousands, except percentages)
(In thousands, except percentages)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · First Quarter Ended | ||||||
| · · April 4, · · March 29, | ||||||
| · · 2026 · · 2025 | ||||||
| Gross profit | | $79,889 | | $90,087 | ||
| Acquisition/divestiture-related expenses and non-recurring expenses included in cost of goods sold(2) | | | 4,671 | | | 516 |
| Adjusted gross profit(1) | | $84,560 | | $90,603 | ||
| | | | | | | |
| Gross profit percentage | | | 19.5% | | | 21.2% |
| Acquisition/divestiture-related expenses and non-recurring expenses included in cost of goods sold as a percentage of net sales | | | 1.1% | | | 0.1% |
| Adjusted gross profit percentage(1) | | | 20.7% | | | 21.3% |
| (1) | Adjusted gross profit and adjusted gross profit percentage are non-GAAP financial measures used by management to measure operating performance. The Company defines adjusted gross profit as gross profit adjusted for acquisition/divestiture-related expenses and non-recurring expenses included in cost of goods sold and adjusted gross profit percentage as gross profit percentage (i.e., gross profit as a percentage of net sales) adjusted for acquisition/divestiture-related expenses and non-recurring expenses included in cost of goods sold. These non-GAAP financial measures reflect adjustments to gross profit and gross profit percentage to eliminate the items identified in the reconciliation above. This information is provided in order to allow investors to make meaningful comparisons of the Company’s operating performance between periods and to view the Company’s business from the same perspective as the Company’s management. Because the Company cannot predict the timing and amount of these items, management does not consider these items when evaluating the Company’s performance or when making decisions regarding allocation of resources. |
| (2) | Acquisition/divestiture-related expenses and non-recurring expenses included in cost of goods sold for the first quarter of 2026 of $4.7 million primarily include acquisition expenses for the College Inn and Kitchen Basics acquisition and divestiture expenses for the Green Giant U.S. frozen business. |
Acquisition/divestiture-related expenses and non-recurring expenses included in cost of goods sold for the first quarter of 2025 of $0.5 million primarily include acquisition, integration and divestiture-related expenses for prior and potential future acquisitions and divestitures, and non-recurring expenses.
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