<p>B&amp;G Foods ((BGS)) 举行了第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
<h3>认识你的 ETF AI 分析师</h3>
<ul>
<li>了解 TipRanks 的 <em>ETF</em> AI 分析师如何帮助你做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong><em>ETF</em> AI 分析师</strong> 对你关注的 ETF 的见解。</li>
</ul>
<p>B&amp;G Foods 最近的财报电话会议呈现出混合的前景，反映出积极的进展和持续的挑战。尽管公司在调整后的 EBITDA 方面有所改善，并受益于节省成本的举措，但面临着净销售额下降和剥离影响的困难。持续的关税问题也构成了重大挑战。然而，剥离战略的进展和香料及调味品部门的增长是积极的信号。</p>
<h2>改善的调整后 EBITDA 表现</h2>
<p>第三季度在调整后的 EBITDA 交付方面表现显著改善，基础业务净销售趋势环比改善。调整后的 EBITDA 报告为 7040 万美元，与去年相比保持平稳，但在剥离影响排除后同比增长。</p>
<h2>成本节约举措</h2>
<p>B&amp;G Foods 受益于 1000 万美元的成本节约举措，使 SG&amp;A 管理费用较去年减少了 200 万美元。此外，销售成本较去年改善了 40 个基点，展示了公司提升运营效率的承诺。</p>
<h2>剥离战略进展</h2>
<p>公司宣布剥离其加拿大的 Green Giant 业务，并正在评估剥离其美国的 Green Giant 冷冻业务。这些战略举措预计将使 B&amp;G Foods 更加专注，增强现金流生成并降低杠杆比率。</p>
<h2>香料及调味品增长</h2>
<p>香料及调味品业务单位在第三季度实现了 2.1% 的净销售增长。这一增长得益于新鲜食品和蛋白质的增加，以及俱乐部和餐饮渠道的强劲表现，突显了公司投资组合中的亮点。</p>
<h2>净销售额和基础业务净销售额下降</h2>
<p>第三季度净销售额为 4.393 亿美元，同比下降 4.7%，基础业务净销售额下降 2.7%。这一下降突显了 B&amp;G Foods 在不断变化的市场环境中维持销售势头所面临的挑战。</p>
<h2>剥离的影响</h2>
<p>在 5 月剥离 Don Pepino 和 Sclafani 业务，以及在 8 月剥离 Le Sieur 美国罐装豌豆品牌，约减少了 1030 万美元的净销售额和 320 万美元的调整后 EBITDA。这些剥离是公司简化运营、专注核心领域战略的一部分。</p>
<h2>关税挑战</h2>
<p>关税对 B&amp;G Foods 的投资组合产生了影响，第三季度调整后的 EBITDA 减少了近 350 万美元，其中 60% 的影响来自香料和调味解决方案业务。这突显了公司在当前经济环境中面临的外部压力。</p>
<h2>增加的促销贸易支出</h2>
<p>第三季度促销贸易支出较去年增加了约 110 个基点。然而，与 2025 年第一和第二季度观察到的同比增长相比，环比表现良好，表明公司在管理促销活动方面采取了战略性方法。</p>
<h2>前瞻性指导</h2>
<p>在财报电话会议中，B&amp;G Foods 提供了 2025 财年的更新指导，预计净销售额在 18.2 亿美元至 18.4 亿美元之间，调整后的 EBITDA 在 2.73 亿美元至 2.8 亿美元之间。公司旨在改善现金流生成，并在接下来的九个月内将杠杆比率降低至 6 倍。此外，预计第四季度将有 2% 至 3% 的销售增长影响来自第 53 周。成本效率举措预计将带来 1500 万至 2000 万美元的年度节省，计划将基础业务净销售趋势改善至 1% 的增长，并在 2026 年中期将杠杆降低至约 6 倍。</p>
<p>总之，B&amp;G Foods 的财报电话会议反映出一种平衡的情绪，承认了成就和挑战。公司对成本节约、战略性剥离以及香料和调味品等特定领域的增长的关注是积极的指标。然而，净销售额的下降和关税的影响仍然是令人担忧的领域。前瞻性指导表明了一条改善财务健康和运营重点的战略路径。</p>

B&G食品

<p>B&G Foods 举行了第三季度财报电话会议，透露了混合的前景。调整后的 EBITDA 改善至 7040 万美元，得益于 1000 万美元的成本节约计划，尽管净销售额下降了 4.7%，降至 4.393 亿美元。公司正在推进剥离，包括加拿大的绿色巨人业务，以增强专注度和现金流。香料和调味品部门增长了 2.1%。关税挑战使调整后的 EBITDA 减少了 350 万美元。更新的 2025 财年指引预计净销售额为 18.2 亿至 18.4 亿美元，调整后的 EBITDA 为 2.73 亿至 2.8 亿美元，旨在改善现金流和降低杠杆</p>

<p>B&amp;G Foods ((BGS)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>B&amp;G Foods ((BGS)) 举行了第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Meet Your ETF AI Analyst</h3>
<div class="lb-trans"><h3>认识你的 ETF AI 分析师</h3>
</div><ul>
<li>Discover how TipRanks' <em>ETF</em> AI Analyst can help you make smarter investment decisions</li>
<li>Explore ETFs TipRanks' users love and see what insights the <strong><em>ETF</em> AI Analyst</strong> reveals about the ones you follow.</li>
</ul>
<div class="lb-trans"><ul>
<li>了解 TipRanks 的 <em>ETF</em> AI 分析师如何帮助你做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong><em>ETF</em> AI 分析师</strong> 对你关注的 ETF 的见解。</li>
</ul>
</div><p>The recent earnings call for B&amp;G Foods presented a mixed outlook, reflecting both positive strides and ongoing challenges. While the company showed improvements in adjusted EBITDA and benefited from cost-saving initiatives, it faced hurdles with declining net sales and the impact of divestitures. The ongoing tariff issues also posed a significant challenge. However, the progress in divestiture strategy and growth in the Spices &amp; Seasonings segment are positive signs.</p>
<div class="lb-trans"><p>B&amp;G Foods 最近的财报电话会议呈现出混合的前景，反映出积极的进展和持续的挑战。尽管公司在调整后的 EBITDA 方面有所改善，并受益于节省成本的举措，但面临着净销售额下降和剥离影响的困难。持续的关税问题也构成了重大挑战。然而，剥离战略的进展和香料及调味品部门的增长是积极的信号。</p>
</div><h2>Improved Adjusted EBITDA Performance</h2>
<div class="lb-trans"><h2>改善的调整后 EBITDA 表现</h2>
</div><p>The third quarter demonstrated significant improvement in adjusted EBITDA delivery, with sequential improvement in base business net sales trends. Adjusted EBITDA was reported at $70.4 million, which remained flat compared to last year on a reported basis but showed an increase year-over-year when excluding the impact of divestitures.</p>
<div class="lb-trans"><p>第三季度在调整后的 EBITDA 交付方面表现显著改善，基础业务净销售趋势环比改善。调整后的 EBITDA 报告为 7040 万美元，与去年相比保持平稳，但在剥离影响排除后同比增长。</p>
</div><h2>Cost Savings Initiatives</h2>
<div class="lb-trans"><h2>成本节约举措</h2>
</div><p>B&amp;G Foods benefited from a $10 million cost savings initiative, which resulted in a reduction of SG&amp;A overhead by $2 million from the previous year. Additionally, the cost of goods sold improved by 40 basis points compared to last year, showcasing the company’s commitment to enhancing operational efficiency.</p>
<div class="lb-trans"><p>B&amp;G Foods 受益于 1000 万美元的成本节约举措，使 SG&amp;A 管理费用较去年减少了 200 万美元。此外，销售成本较去年改善了 40 个基点，展示了公司提升运营效率的承诺。</p>
</div><h2>Divestiture Strategy Progress</h2>
<div class="lb-trans"><h2>剥离战略进展</h2>
</div><p>The company announced the divestiture of their Canadian Green Giant business and is evaluating the divestiture of their Green Giant U.S. frozen business. These strategic moves are expected to create a more focused B&amp;G Foods, enhancing cash flow generation and reducing the leverage ratio.</p>
<div class="lb-trans"><p>公司宣布剥离其加拿大的 Green Giant 业务，并正在评估剥离其美国的 Green Giant 冷冻业务。这些战略举措预计将使 B&amp;G Foods 更加专注，增强现金流生成并降低杠杆比率。</p>
</div><h2>Spices &amp; Seasonings Growth</h2>
<div class="lb-trans"><h2>香料及调味品增长</h2>
</div><p>The Spices &amp; Seasonings business unit experienced a net sales growth of 2.1% in Q3. This growth was driven by an increase in fresh food and proteins, along with strength in the club and foodservice channels, highlighting a bright spot in the company’s portfolio.</p>
<div class="lb-trans"><p>香料及调味品业务单位在第三季度实现了 2.1% 的净销售增长。这一增长得益于新鲜食品和蛋白质的增加，以及俱乐部和餐饮渠道的强劲表现，突显了公司投资组合中的亮点。</p>
</div><h2>Decline in Net Sales and Base Business Net Sales</h2>
<div class="lb-trans"><h2>净销售额和基础业务净销售额下降</h2>
</div><p>The third quarter saw net sales of $439.3 million, a decline of 4.7% compared to last year, with base business net sales down by 2.7%. This decline underscores the challenges B&amp;G Foods faces in maintaining sales momentum amidst a shifting market landscape.</p>
<div class="lb-trans"><p>第三季度净销售额为 4.393 亿美元，同比下降 4.7%，基础业务净销售额下降 2.7%。这一下降突显了 B&amp;G Foods 在不断变化的市场环境中维持销售势头所面临的挑战。</p>
</div><h2>Impact of Divestitures</h2>
<div class="lb-trans"><h2>剥离的影响</h2>
</div><p>The divestiture of the Don Pepino and Sclafani business in May and the Le Sieur U.S. canned peas brand in August removed approximately $10.3 million of net sales and $3.2 million in adjusted EBITDA from Q3. These divestitures are part of the company’s strategy to streamline operations and focus on core areas.</p>
<div class="lb-trans"><p>在 5 月剥离 Don Pepino 和 Sclafani 业务，以及在 8 月剥离 Le Sieur 美国罐装豌豆品牌，约减少了 1030 万美元的净销售额和 320 万美元的调整后 EBITDA。这些剥离是公司简化运营、专注核心领域战略的一部分。</p>
</div><h2>Tariff Challenges</h2>
<div class="lb-trans"><h2>关税挑战</h2>
</div><p>Tariffs have impacted B&amp;G Foods’ portfolio, reducing adjusted EBITDA in Q3 by nearly $3.5 million, with 60% of this impact affecting the Spices &amp; Flavor Solutions business. This highlights the external pressures the company is navigating in the current economic environment.</p>
<div class="lb-trans"><p>关税对 B&amp;G Foods 的投资组合产生了影响，第三季度调整后的 EBITDA 减少了近 350 万美元，其中 60% 的影响来自香料和调味解决方案业务。这突显了公司在当前经济环境中面临的外部压力。</p>
</div><h2>Increased Promotional Trade Spend</h2>
<div class="lb-trans"><h2>增加的促销贸易支出</h2>
</div><p>Promotional trade spend increased by approximately 110 basis points in Q3 compared to last year. However, it was sequentially favorable to year-over-year increases observed in the first and second quarters of 2025, indicating a strategic approach to managing promotional activities.</p>
<div class="lb-trans"><p>第三季度促销贸易支出较去年增加了约 110 个基点。然而，与 2025 年第一和第二季度观察到的同比增长相比，环比表现良好，表明公司在管理促销活动方面采取了战略性方法。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>During the earnings call, B&amp;G Foods provided updated guidance for fiscal year 2025, projecting net sales between $1.82 billion and $1.84 billion and adjusted EBITDA of $273 million to $280 million. The company aims to improve cash flow generation and reduce the leverage ratio to 6x within the next nine months. Additionally, a 53rd week sales growth impact of 2% to 3% is anticipated in the fourth quarter. Cost efficiency initiatives are expected to yield $15 million to $20 million in annual savings, with plans to improve base business net sales trends towards 1% growth and reduce leverage to approximately 6x by mid-2026.</p>
<div class="lb-trans"><p>在财报电话会议中，B&amp;G Foods 提供了 2025 财年的更新指导，预计净销售额在 18.2 亿美元至 18.4 亿美元之间，调整后的 EBITDA 在 2.73 亿美元至 2.8 亿美元之间。公司旨在改善现金流生成，并在接下来的九个月内将杠杆比率降低至 6 倍。此外，预计第四季度将有 2% 至 3% 的销售增长影响来自第 53 周。成本效率举措预计将带来 1500 万至 2000 万美元的年度节省，计划将基础业务净销售趋势改善至 1% 的增长，并在 2026 年中期将杠杆降低至约 6 倍。</p>
</div><p>In conclusion, B&amp;G Foods’ earnings call reflected a balanced sentiment, acknowledging both achievements and challenges. The company’s focus on cost savings, strategic divestitures, and growth in specific segments like Spices &amp; Seasonings are positive indicators. However, the decline in net sales and the impact of tariffs remain areas of concern. The forward-looking guidance suggests a strategic path towards improving financial health and operational focus.</p>
<div class="lb-trans"><p>总之，B&amp;G Foods 的财报电话会议反映出一种平衡的情绪，承认了成就和挑战。公司对成本节约、战略性剥离以及香料和调味品等特定领域的增长的关注是积极的指标。然而，净销售额的下降和关税的影响仍然是令人担忧的领域。前瞻性指导表明了一条改善财务健康和运营重点的战略路径。</p>
</div>

B&G Foods 的财报电话会议：前景喜忧参半，战略举措显现