What Happened?

Shares of packaged foods company B&G Foods (NYSE: BGS) jumped 23% in the morning session after the company reported third-quarter earnings that surpassed analyst expectations on profitability. The company posted adjusted earnings of $0.15 per share, handily beating the consensus forecast of $0.11. While net sales of $439.3 million marked a 4.7% decrease from the same period last year, the figure was in line with Wall Street's predictions. Investors were particularly encouraged by the company's better-than-expected profitability. Adjusted EBITDA, a key measure of operational performance, came in at $70.41 million, exceeding estimates by nearly 7%. Despite lowering its full-year guidance, the strong bottom-line beat in the third quarter appeared to outweigh concerns about the revised outlook, signaling to investors that profitability management is on the right track.

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What Is The Market Telling Us

B&G Foods’s shares are quite volatile and have had 16 moves greater than 5% over the last year. But moves this big are rare even for B&G Foods and indicate this news significantly impacted the market’s perception of the business.

The biggest move we wrote about over the last year was 12 months ago when the stock dropped 19.4% on the news that the company reported underwhelming third-quarter earnings. Its sales and earnings missed Wall Street's estimates. Given the poor results, it lowered its full-year revenue and EPS guidance, suggesting the weaknesses recorded during the quarter might persist as management called out a slower-than-expected recovery in sales trends. While the weak trends partly explain the declining volumes during the quarter, the sale of the Green Giant U.S. shelf-stable product line also had a negative impact. Overall, this was a weaker quarter.

B&G Foods is down 30.1% since the beginning of the year, and at $4.99 per share, it is trading 36.7% below its 52-week high of $7.87 from March 2025. Investors who bought $1,000 worth of B&G Foods’s shares 5 years ago would now be looking at an investment worth $173.81.

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