B&G Foods, Inc. announced its financial results for the second quarter of 2025 on August 4, 2025, reporting a net sales decrease of 4.5% year-over-year to $424.4 million. Base business net sales also declined by 4.2%, primarily due to lower volumes, reduced net pricing for Crisco, and product mix shifts.
Adjusted EBITDA for the quarter fell by 9.3% to $58 million, and adjusted diluted EPS was $0.04. For the first two quarters of 2025, net sales were $849.8 million, down 7.6%, with adjusted EBITDA of $117.1 million and adjusted diluted EPS of $0.08.
The Frozen Vegetables segment was a significant drag on Adjusted EBITDA in the first half of 2025 due to higher crop true-up costs and increased trade spend. However, management projects an $8 million to $10 million increase in segment Adjusted EBITDA for U.S. frozen vegetables in the second half of the year.
B&G Foods revised its full-year fiscal 2025 guidance downwards for the second time, now expecting net sales between $1.83 billion and $1.88 billion, Adjusted EBITDA between $273 million and $283 million, and adjusted diluted EPS between $0.50 and $0.60. Management anticipates solid improvement in the second half of 2025, with flat to slightly positive net sales and year-over-year Adjusted EBITDA growth, driven by cost savings and a turnaround in Frozen Vegetables.
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