Exhibit 99.1

B&G Foods Reports Financial Results for First Quarter 2017

Parsippany, N.J., May 4, 2017—B&G Foods, Inc. (NYSE: BGS) today announced financial results for the first quarter 2017.

Highlights (vs. year-ago quarter where applicable):

Adjusted net income* decreased $0.1 million to $38.5 million

Diluted earnings per share decreased 12.5% to $0.49 (primarily due to a greater number of shares outstanding as a result of equity offerings in March 2016 and August 2016)

Adjusted diluted earnings per share* decreased 10.8% to $0.58 (primarily due to a greater number of shares outstanding as a result of equity offerings in March 2016 and August 2016)

Adjusted EBITDA* increased 2.7% to $92.0 million

Guidance for full year fiscal 2017 reaffirmed:

-Net sales reaffirmed at a range of $1.64 billion to $1.68 billion

-Adjusted EBITDA reaffirmed at a range of $360.0 million to $375.0 million

-Adjusted diluted earnings per share reaffirmed at a range of $2.13 to $2.27

“We started 2017 with a solid first quarter in line with our expectations and are reaffirming our guidance for 2017.  Although we saw a modest decline in our base business net sales,* we are encouraged by the strong performance of some of our key brands, including Pirate Brands and Ortega.  We are also pleased that our Green Giant frozen products gained market share in each month of the quarter, with the gains accelerating in March.  The two acquisitions we completed in the fourth quarter of 2016, the spices & seasonings business and Victoria Fine Foods, met our expectations during the first quarter.  We also successfully completed a  debt refinancing and remain ready to act when we find the next acquisition opportunity,” stated Robert C. Cantwell, President and Chief Executive Officer of B&G Foods.

*Please see “About Non-GAAP Financial Measures and Items Affecting Comparability” below for the definition of the non-GAAP financial measures “adjusted net income,” “adjusted diluted earnings per share,” “base business net sales,” “EBITDA” and “adjusted EBITDA,” as well as information concerning certain items affecting comparability and reconciliations of the non-GAAP terms to the most comparable GAAP financial measures.

Financial Results for the First Quarter of 2017

Net sales increased $64.9 million, or 18.4%, to $417.9 million for the first quarter of 2017 from $353.0 million for the first quarter of 2016.   Net sales of the spices & seasonings business, acquired on November 21, 2016, and net sales of Victoria, acquired on December 2, 2016, contributed $63.2 million and $10.7 million, respectively, to the Company’s net sales for the quarter.

Base business net sales for the first quarter of 2017 decreased $8.6 million, or 2.4%, to $344.0 million from $352.6 million for the first quarter of 2016. The $8.6 million decrease was attributable to a decrease in unit volume of $9.8 million, or 2.8%, partially offset by an increase in net pricing of $0.6 million, or 0.2%, and the favorable impact of currency fluctuations on foreign sales of approximately $0.6 million, or 0.2%.

A little more than half of the base business net sales decline for the first quarter of 2017 was attributable to forecasted distribution losses for some core Green Giant products, partially offset by net sales of new Green Giant innovation products. Additionally, net sales of Bear Creek Country Kitchens products decreased $1.4 million, or 10.1%, for the quarter.  The unusually warm winter experienced in many places contributed to the net sales decline of Bear Creek Country Kitchens.  Net sales declines for these and certain other brands were partially offset by net sales increases across several brands, most notably Pirate Brands, whose net sales increased $1.8 million, or 7.5%, from the first quarter of 2016 primarily due to strong performance in the club channel.

Gross profit increased $10.9 million, or 9.4%, to $126.8 million for the first quarter of 2017 from $115.9 million for the first quarter of 2016.  Gross profit expressed as a percentage of net sales decreased to 30.3% in the first quarter of 2017 from 32.8% in the first quarter of 2016, a decrease of 2.5 percentage points. The decrease in gross profit percentage was caused largely by the newly acquired spices & seasonings business and Victoria brand, whose products generate lower gross profit percentage than the rest of the Company’s business, and the Company’s decision to accelerate into the first quarter approximately $6.6 million of trade spending and slotting that last year had been spent in the fourth quarter. Gross profit percentage was also negatively impacted by $1.6 million of non-cash amortization of the step-up of inventory acquired in the spices & seasonings acquisition.

Selling, general and administrative expenses increased $14.0 million, or 35.3%, to $53.6 million for the first quarter of 2017 from $39.6 million for the first quarter of 2016, primarily due to the Green Giant acquisition.   The increase was composed of increases in acquisition-related expenses and distribution restructuring expenses of $4.7 million, warehousing expenses of $4.3 million, consumer marketing of $3.3 million and selling expenses of $1.7 million (which includes a $0.9 million increase in brokerage expenses and a $0.6 million increase in salesperson compensation).  Expressed as a percentage of net sales, selling, general and administrative expenses increased 1.6 percentage points to 12.8% for the first quarter of 2017 from 11.2% for the first quarter of 2016.

Net interest expense increased $0.5 million, or 2.7%, to $19.6 million for the first quarter of 2017 from $19.1 million in the first quarter of 2016.  The increase was primarily attributable to additional borrowings made in the fourth quarter of 2016 used to fund the spices & seasonings acquisition and the Victoria acquisition.

The Company’s reported net income under U.S. generally accepted accounting principles (GAAP) was $32.8 million, or $0.49 per diluted share, for the first quarter of 2017, as compared to reported net income of $33.2 million, or $0.56 per diluted share, for the first quarter of 2016.  The Company’s adjusted net income for the first quarter of 2017, which excludes the after-tax impact of loss on extinguishment of debt, the amortization of acquisition-related inventory step-up, other acquisition-related expenses and the loss on sale of assets, was $38.5 million, or $0.58 per adjusted diluted share.  The Company’s adjusted net income for the first quarter of 2016, which excludes the after-tax impact of loss on extinguishment of debt, the amortization of acquisition-related inventory step-up, other acquisition-related expenses and distribution restructuring expenses, was $38.6 million, or $0.65 per adjusted diluted share.

For the first quarter of 2017, adjusted EBITDA (which excludes the impact of the amortization of acquisition-related inventory step-up, other acquisition-related expenses and loss on sale of assets),  increased 2.7% to $92.0 million from $89.6 million for the first quarter of 2016.

Guidance

B&G Foods reaffirmed its guidance for full year 2017.  Net sales is expected to be approximately $1.64 billion to $1.68 billion,  adjusted EBITDA is expected to be approximately $360.0 million to $375.0 million and adjusted diluted earnings per share is expected to be $2.13 to $2.27.

B&G Foods provides earnings guidance only on a non-GAAP basis and does not provide a reconciliation of the Company’s forward-looking adjusted EBITDA and adjusted diluted earnings per share guidance to the most directly comparable GAAP financial measures because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that could be made for deferred taxes; loss on extinguishment of debt; acquisition-related expenses, gains and losses; restructuring expenses; gains and losses on the sale of assets and other charges reflected in our reconciliation of historic non-GAAP financial measures, the amounts of which, based on past experience, could be material.  For additional information regarding B&G Foods’ non-GAAP financial measures, see “About Non-GAAP Financial Measures and Items Affecting Comparability” below.

Conference Call

B&G Foods will hold a conference call at 4:30 p.m. ET today, May  4, 2017.  The call will be webcast live from B&G Foods’ website at www.bgfoods.com under “Investor Relations—Company Overview.”  The call can also be accessed live over the phone by dialing (877) 440-5804 for U.S. callers or (719) 325-4804 for international callers.

A replay of the call will be available two hours after the call and can be accessed by dialing (844) 512-2921 for U.S. callers or (412) 317-6671 for international callers; the password is 3906951.  The replay will be available from May  4, 2017 through May 18, 2017.  Investors may also access a web-based replay of the call at the Investor Relations section of B&G Foods’ website, www.bgfoods.com.

About Non-GAAP Financial Measures and Items Affecting Comparability

“Adjusted net income,” “adjusted diluted earnings per share,” “base business net sales” (net sales without the impact of acquisitions until the acquisitions are included in both comparable periods and without the impact of discontinued brands), “EBITDA” (net income before net interest expense, income taxes, depreciation and amortization and loss on extinguishment of debt), and “adjusted EBITDA” (EBITDA as adjusted for cash and non-cash acquisition-related expenses, gains and losses (which may include third party fees and expenses, integration, restructuring and consolidation expenses, amortization of acquired inventory fair value step-up, and gains and losses on sale of assets), and distribution restructuring expenses) are “non-GAAP financial measures.”  A non-GAAP financial measure is a numerical measure of financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in B&G Foods’ consolidated balance sheets and related consolidated statements of operations, comprehensive income and cash flows.  Non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable GAAP measures.  The Company’s non-GAAP financial measures may be different from non-GAAP financial measures used by other companies.

The Company uses “adjusted net income,” “adjusted diluted earnings per share,” and “base business net sales,” which are calculated as reported net income, reported diluted earnings per share and reported net sales adjusted for certain items that affect comparability.  These non-GAAP financial measures reflect adjustments to reported net income, diluted earnings per share and net sales to eliminate the items identified above.  This information is provided in order to allow investors to make meaningful comparisons of the Company’s operating performance between periods and to view the Company’s business from the same perspective as the Company’s

management.  Because the Company cannot predict the timing and amount of these items, management does not consider these items when evaluating the Company’s performance or when making decisions regarding allocation of resources.

Additional information regarding EBITDA and adjusted EBITDA, and a reconciliation of EBITDA and adjusted EBITDA to net income and to net cash provided by operating activities is included below for the first quarter of 2017 and 2016, along with the components of EBITDA and adjusted EBITDA.  Also included below are reconciliations of the non-GAAP terms adjusted net income, adjusted diluted earnings per share and base business net sales to the most directly comparable measure calculated and presented in accordance with GAAP in the Company’s consolidated balance sheets and related consolidated statements of operations, comprehensive income and cash flows.

About B&G Foods, Inc.

B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Based in Parsippany, New Jersey, B&G Foods’ products are marketed under many recognized brands, including Ac’cent,  B&G,  B&M,  Baker’s Joy,  Bear Creek Country Kitchens,  Brer Rabbit,  Canoleo, Cary’s,  Cream of Rice,  Cream of Wheat,  Devonsheer,  Don Pepino,  Durkee,  Emeril’s,  Grandma’s Molasses,  Green Giant,  JJ Flats,  Joan of Arc,  Las Palmas,  Le Sueur,  MacDonald’s, Mama Mary’s,  Maple Grove Farms,  Molly McButter,  Mrs. Dash,  New York Flatbreads, New York Style,  Old London,  Original Tings,  Ortega,  Pirate’s Booty,  Polaner,  Red Devil,  Regina,  Sa-són, Sclafani,  Smart Puffs,  Spice Islands,  Spring Tree,  Sugar Twin,  Tone’s,  Trappey’s,  TrueNorth,  Underwood,  Vermont Maid,  Victoria,  Weber and Wright’s.   B&G Foods also sells and distributes Static Guard, a household product brand.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.”  The forward-looking statements contained in this press release include, without limitation, statements related to B&G Foods’ net sales, adjusted EBITDA, adjusted diluted earnings per share and overall expectations for fiscal 2017.  Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.  In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking.  Factors that may affect actual results include, without limitation: the Company’s substantial leverage; the effects of rising costs for the Company’s raw materials, packaging and ingredients; crude oil prices and their impact on distribution, packaging and energy costs; the Company’s ability to successfully implement sales price increases and cost saving measures to offset any cost increases; intense competition, changes in consumer preferences, demand for the Company’s products and local economic and market conditions; the Company’s continued ability to promote brand equity successfully, to anticipate and respond to new consumer trends, to develop new products and markets, to broaden brand portfolios in order to compete effectively with lower priced products and in markets that are consolidating at the retail and manufacturing levels and to improve productivity; the risks associated with the expansion of the Company’s business; the Company’s possible inability to identify new acquisitions or to integrate recent or future acquisitions or the Company’s failure to realize anticipated revenue enhancements, cost savings or other synergies; the Company’s ability to access the credit markets and the Company’s borrowing costs and credit ratings, which may be influenced by credit markets generally and the credit ratings of the Company’s competitors; unanticipated expenses, including, without limitation, litigation or legal settlement expenses; the effects of currency movements of the Canadian dollar and the Mexican peso as compared to the U.S. dollar; future impairments of the Company’s goodwill and intangible assets; the Company’s sustainability initiatives and changes to environmental laws and regulations; and other factors that affect the food industry generally.

The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods’ filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in its subsequent reports on Forms 10-Q and 8‑K.  Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made.    B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

B&G Foods, Inc. and Subsidiaries

Consolidated Balance Sheets

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B&G Foods, Inc. and Subsidiaries

Consolidated Statements of Operations

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B&G Foods, Inc. and Subsidiaries

Reconciliation of EBITDA and Adjusted EBITDA to Net Income and to Net Cash Provided by Operating Activities

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EBITDA and adjusted EBITDA are not recognized terms under GAAP and do not purport to be alternatives to operating income, net income or any other GAAP measure as an indicator of operating performance.  EBITDA and adjusted EBITDA are not complete net cash flow measures because EBITDA and adjusted EBITDA are measures of liquidity that do not include reductions for cash payments for an entity’s obligation to service its debt, fund its working capital, capital expenditures and acquisitions and pay its income taxes and dividends.  Rather, EBITDA and adjusted EBITDA are two potential indicators of an entity’s ability to fund these cash requirements.  EBITDA and adjusted EBITDA are not complete measures of an entity’s profitability because they do not include costs and expenses for depreciation and amortization, interest and related expenses, loss on extinguishment of debt, acquisition-related expenses, gains and losses, income taxes, and distribution restructuring expenses.  Because not all companies use identical calculations, this presentation of EBITDA and adjusted EBITDA may not be comparable to other similarly titled measures of other companies.  However, EBITDA and adjusted EBITDA can still be useful in evaluating our performance against our peer companies because management believes these measures provide users with valuable insight into key components of GAAP amounts.

B&G Foods, Inc. and Subsidiaries

Items Affecting Comparability — Reconciliation of Adjusted Information to GAAP Information

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B&G Foods, Inc. and Subsidiaries

Items Affecting Comparability — Reconciliation of Base Business Net Sales to Reported Net Sales

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