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 · Meals Segment Results
Meals Segment Results
Meals segment results were as follows (dollars in thousands):
| | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| · · First Quarter Ended · · · · · | |||||||||||
| · · April 4, · · March 29, · · · · · | |||||||||||
| · · 2026 · · 2025 · · · $ Change · · % Change | |||||||||||
| Meals segment net sales | | $107,082 | | $106,142 | | $940 | | 0.9% | |||
| Meals segment adjusted expenses | | | 87,138 | | | 81,168 | | | 5,970 | | 7.4% |
| Meals segment adjusted EBITDA | | $19,944 | | $24,974 | | $(5,030) | | (20.1)% | |||
The increase in Meals segment net sales for the first quarter of 2026 was primarily due to theCollege InnandKitchen Basics acquisition on March 19, 2026, which contributed $2.9 million of net sales for the first quarter of 2026 during the Company’s first two weeks of ownership of the brands, and an increase in net pricing and the impact of product mix, offset in part by modestly lower volumes across the Meals segment in the aggregate.
The decrease in Meals segment adjusted EBITDA in the first quarter of 2026 was primarily due to an increase in certain raw material costs and manufacturing expenses. Meals segment adjusted EBITDA was also impacted by increases in trade spending and direct marketing expenses for certain brands. These incremental costs were offset in part by an increase in overall net pricing for the Meals segment and the impact of product mix.
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