B&G Foods Q3 Earnings Surpass Estimates Despite Sales Decline

B&G Foods reported Q3 FY25 earnings of 15 cents per share, beating estimates by 36%. Net sales decreased 4.7% YoY to $439.3 million, while base business net sales fell 2.7% to $437 million. Adjusted EBITDA remained steady at $70.4 million, with the adjusted EBITDA margin improving from 15.3% to 16%. The company continued to streamline its portfolio, with plans to divest Green Giant Canada.