# EDGAR Filing Document

**Accession Number:** 0001278027
**File Stem:** 0001104659-26-068743
**Filing Date:** 2026-6
**Character Count:** 77826
**Document Hash:** a0a10167f839e4fe19b44a4e64f4ebc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-068743.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001104659-26-068743

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260319

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** B&G Foods, Inc.
- **CENTRAL INDEX KEY:** 0001278027
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOOD & KINDRED PRODUCTS [2000]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 133918742
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0102

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32316
- **FILM NUMBER:** 261048322

**BUSINESS ADDRESS:**
- **STREET 1:** 8 SYLVAN WAY
- **CITY:** PARSIPPANY
- **STATE:** NJ
- **ZIP:** 07054
- **BUSINESS PHONE:** 9734016500

**MAIL ADDRESS:**
- **STREET 1:** 8 SYLVAN WAY
- **CITY:** PARSIPPANY
- **STATE:** NJ
- **ZIP:** 07054

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** B&G FOODS HOLDINGS CORP
- **DATE OF NAME CHANGE:** 20040129

?xml version='1.0' encoding='ASCII'?

As filed with the Securities and Exchange Commission on June 1, 2026

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 8-K/A**

**(Amendment No. 1)**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

Date of report (Date of earliest event reported): **March 19, 2026**

---

| | |
|:---|:---|
|  | **B&G Foods, Inc.** |
| (Exact name of Registrant as specified in its charter) | (Exact name of Registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-32316** | **13-3918742** |
| (State or Other Jurisdiction | (Commission | (IRS Employer |
| of Incorporation) | File Number) | Identification No.) |

---

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol | Name of each exchange on which registered |
| **Common Stock, par value $0.01 per share** | **BGS** | **New York Stock Exchange** |

---

---

| | |
|:---|:---|
| **8 Sylvan Way, Parsippany,New Jersey** | **07054** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: (**973) 401-6500**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Explanatory Note**

This Amendment No. 1 is being filed by B&G Foods to amend the Current Report on Form 8-K originally filed by B&G Foods with the Securities and Exchange Commission (the SEC) on March 20, 2026 to provide the information required by Item 9.01(a) and (b) of Form 8-K relating to B&G Foods' acquisition of the broth and stock business of Del Monte Foods Holdings Limited and certain of its affiliates, including the *College Inn* and *Kitchen Basics* brands. In this amendment, we refer to this acquisition as the *College Inn* and *Kitchen Basics* acquisition and Del Monte Foods' broth and stock business as the *College Inn* and *Kitchen Basics* business. The information previously reported and the exhibits previously filed or furnished in Items 2.01, 7.01 and 9.01(d) of the original filing are incorporated by reference into this amendment.

**Item 9.01. Financial Statements and Exhibits.**

It is impracticable to prepare and audit complete stand-alone financial statements of the *College Inn* and *Kitchen Basics* business because:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the *College Inn* and *Kitchen Basics* business consisted of only
part of Del Monte Foods and was not operated as a "stand-alone" division or subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· stand-alone financial statements relating to the *College Inn* and *Kitchen Basics* business were never previously prepared, and Del Monte Foods' independent auditors have not historically audited or reported
separately on the operations or net assets of the *College Inn* and *Kitchen Basics* business. As a result, the distinct and
separate accounts necessary to present a complete "stand-alone" balance sheet and statements of income and cash flows have
not been maintained; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Del Monte Foods does not believe that it can objectively allocate certain
corporate expenses to the *College Inn* and *Kitchen Basics* business.

In addition, we do not believe that such financial statements would provide relevant information to users of our financial statements about the specific assets and operations acquired from Del Monte Foods. Among other reasons, because we are integrating the *College Inn* and *Kitchen Basics* business into our organizational structure (and accordingly our cost structure), we believe that a presentation of complete financial statements that includes allocations of certain corporate expenses of Del Monte Foods would not be meaningful to our investors.

As a result, in accordance with Rule 3-05 of Regulation S-X, B&G Foods has provided the special purpose abbreviated financial statements described below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements of Business Acquired.**

The following special purpose abbreviated financial statements of the *College Inn* and *Kitchen Basics* business are being filed with this amendment as Exhibits 99.1 and 99.2 and are incorporated by reference herein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Audited Special Purpose Abbreviated Financial Statements of Del Monte Foods
Holdings Limited Broth and Stock Business, which comprise the Statement of Assets Acquired as of April 27, 2025 and the related Statement
of Revenue and Direct Expenses for the year ended April 27, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Unaudited Special Purpose Abbreviated Interim Financial Statements of Del
Monte Foods Holdings Limited Broth and Stock Business, which comprise the Statement of Assets Acquired as of January 25, 2026 and
the related Statement of Revenue and Direct Expenses for the nine months ended January 25, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro Forma Financial Information.**

The pro forma financial information relating to the *College Inn* and *Kitchen Basics* acquisition required by Item 9.01(b) is filed as Exhibit 99.3 to this amendment and is incorporated by reference herein.

The pro forma financial information included in Exhibit 99.3, also gives effect to pro forma adjustments for the *Don Pepino* divestiture, the *Le Sueur* U.S. divestiture, the *Green Giant* U.S. frozen divestiture and the commencement of the *Green Giant* U.S. frozen co-manufacturing business, each of which was individually insignificant, because management believes that inclusion of such divestitures and the commencement of the frozen co-manufacturing business, provides investors with more meaningful information.

As previously disclosed, on May 23, 2025, we completed the sale of the *Don Pepino* and *Sclafani* brands of pizza and spaghetti sauces, crushed tomatoes, tomato puree and whole peeled tomatoes for a purchase price of $10.6 million, which we refer to as the "*Don Pepino* divestiture." On August 1, 2025, we completed the sale of the *Le Sueur* U.S. shelf-stable vegetable brand for a purchase price of $59.1 million, which we refer to as the "*Le Sueur* U.S. divestiture." On March 2, 2026, we completed the sale of our *Green Giant* U.S. frozen business for a purchase price of approximately $61.5 million, which we refer to as the "*Green Giant* U.S. frozen divestiture." Also on March 2, 2026, we entered into a co-manufacturing agreement with the acquirer of the *Green Giant* U.S. frozen business pursuant to which we continue to manufacture for the acquirer of the business certain *Green Giant* frozen vegetable products for sale by the acquirer in the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.**

---

| | |
|:---|:---|
| [23.1](tm2616326d1_ex23-1.htm) | [Consent of SyCip Gorres Velayo & Co.](tm2616326d1_ex23-1.htm) |
| [99.1](tm2616326d1_ex99-1.htm) | [Audited Special Purpose Abbreviated Financial Statements of Del Monte Foods Holdings Limited Broth and Stock Business, which comprise the Statement of Assets Acquired as of April 27, 2025 and the related Statement of Revenue and Direct Expenses for the year ended April 27, 2025.](tm2616326d1_ex99-1.htm) |
| [99.2](tm2616326d1_ex99-2.htm) | [Unaudited Special Purpose Abbreviated Interim Financial Statements of Del Monte Foods Holdings Limited Broth and Stock Business, which comprise the Statement of Assets Acquired as of January 25, 2026 and the related Statement of Revenue and Direct Expenses for the nine months ended January 25, 2026.](tm2616326d1_ex99-2.htm) |
| [99.3](tm2616326d1_ex99-3.htm) | [Unaudited Pro Forma Combined Financial Statements of B&G Foods, Inc. and Subsidiaries as of and for the quarter ended April 4, 2026, and for the year ended January 3, 2026.](tm2616326d1_ex99-3.htm) |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | B&G FOODS, INC. | B&G FOODS, INC. |
| Dated: June 1, 2026 | By: | /s/ Scott E. Lerner |
|  |  | Scott E. Lerner |
|  |  | Executive Vice President, |
|  |  | General Counsel and Secretary |

---

## Exhibit 23.1

**Exhibit 23.1**

**Consent of Independent Auditors**

We consent to the incorporation by reference in the following Registration Statements of B&G Foods, Inc.:

1. Form S-3 No. 333-289226;

2. Form S-8 No. 333-168845;

3. Form S-8 No. 333-150903; and

4. Form S-8 No. 333-272725

of our report dated June 1, 2026, relating to the special purpose abbreviated financial statements of Del Monte Foods Holdings Limited and subsidiaries' Broth and Stock Business as of and for the year ended April 27, 2025 appearing in this Current Report on Form 8-K/A of B&G Foods, Inc.

SYCIP GORRES VELAYO & CO.

/s/ SyCip Gorres Velayo & Co.

Makati City, Philippines

June 1, 2026

## Exhibit 99.1

**<u>Exhibit 99.1</u>**

**DEL MONTE FOODS HOLDINGS LIMITED BROTH AND STOCK BUSINESS**

Special Purpose Abbreviated Financial Statements As of and For the Year Ended

April 27, 2025

and

Independent Auditors' Report

**Report of Independent Auditors** 

The Board of Directors of Del Monte Foods Holdings Limited

**Opinion**

We have audited the special purpose abbreviated financial statements of Del Monte Foods Holdings Limited Broth and Stock Business (the Company), which comprise the statement of assets acquired as of April 27, 2025, and the related statement of revenue and direct expenses for the year then ended, and the related notes (collectively referred to as the "financial statements").

In our opinion, the accompanying financial statements present fairly, in all material respects, the assets acquired of the Company as of April 27, 2025, and its revenue and direct operating expenses for the year then ended in accordance with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

**Basis of Accounting**

As discussed in Note 1 the to the financial statements, the financial statements have been prepared for the purposes of complying with the rules and regulations of the U.S. Securities and Exchange Commission and are not intended to be a complete presentation of the Company's financial position or results of operations. Our opinion is not modified with respect to this matter.

**Responsibilities of Management for the Financial Statements**

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error.

**Auditor's Responsibilities for the Audit of the Financial Statements**

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:

▪ Exercise professional judgment and maintain professional skepticism throughout
the audit.

▪ Identify and assess the risks of material misstatement of the financial statements,
whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on
a test basis, evidence regarding the amounts and disclosures in the financial statements.

▪ Obtain an understanding of internal control relevant to the audit in order
to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the Company's internal control. Accordingly, no such opinion is expressed.

▪ Evaluate the appropriateness of accounting policies used and the reasonableness
of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

▪ Conclude whether, in our judgment, there are conditions or events, considered
in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period
of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

SyCip Gorres Velayo & Co.

/s/ SyCip Gorres Velayo & Co.

Makati City, Philippines

June 1, 2026

**DEL MONTE FOODS BROTH AND STOCK BUSINESS**

Statement of Assets Acquired

---

| | |
|:---|:---|
| (Dollars in thousands) | **April 27, 2025** |
| Assets: |  |
| &nbsp;&nbsp;&nbsp;Inventories | $26070 |
| &nbsp;&nbsp;&nbsp;Prepayments | 2008 |
| &nbsp;&nbsp;&nbsp;Intangible assets | 89320 |
| Total assets | $117398 |

---

*See accompanying notes to special purpose abbreviated financial statements.*

**DEL MONTE FOODS BROTH AND STOCK BUSINESS**

Statement of Revenue and Direct Operating Expenses

---

| | |
|:---|:---|
| **(Dollars in thousands)** | **Year Ended**<br>**April 27, 2025** |
| Revenue | $124901 |
| Cost of products sold | 87142 |
| Gross profit | 37759 |
| Selling, distribution, and administrative expenses | 12563 |
| Impairment loss | 25980 |
| Operating loss | $(784) |

---

*See accompanying notes to special purpose abbreviated financial statements.*

**DEL MONTE FOODS BROTH AND STOCK BUSINESS**

Notes to Special Purpose Abbreviated Financial Statements

April 27, 2025

(Dollars in thousands)

**1. DESCRIPTION OF BUSINESS**

Del Monte Foods Holdings Limited and certain of its affiliates (the "Company" or "Del Monte") entered into an Asset Purchase Agreement (the "Agreement") on January 15, 2026 with B&G Foods North America, Inc. (the "Buyer"), which provides for the sale of certain assets of Del Monte, pertaining to the Del Monte Foods Broth and Stock Business (the "Broth and Stock Business"). The sale closed on March 19, 2026. The transaction included broth and stock product lines sold under the *College Inn* and *Kitchen Basics* brands, certain trademarks and licensing agreements, and certain co-manufacturing agreements. The operating results for the Broth and Stock Business were primarily included in Del Monte's Flavor and Meal Enhancer (FLAME) segment. The accompanying special purpose abbreviated financial statements for the Broth and Stock Business present the assets acquired as of April 27, 2025, and the revenue and direct expenses for the fiscal year ended April 27, 2025.

The accompanying special purpose abbreviated financial statements consist of balances and activity of the Broth and Stock Business. The special purpose abbreviated financial statements were prepared for the purpose of assisting the Buyer in complying with the rules and regulations of the Securities and Exchange Commission. These special purpose abbreviated financial statements do not necessarily reflect what the results of operations, financial position, or cash flows would have been had the Broth and Stock Business been a separate entity nor are they indicative of future results of the Broth and Stock Business.

**2. SUMMARY OF ACCOUNTING POLICIES**

<u>Basis of Presentation</u>

The accompanying special purpose abbreviated financial statements of the Broth and Stock Business have been prepared in accordance with U.S. generally accepted accounting principles ("US GAAP"), and have been prepared for inclusion in the 8-K/A filing of the Buyer as required by Rule 3-05(e), *"Financial statements of business acquired or to be acquired",* of the United States Securities and Exchange Commission's (SEC) Regulation S-X. It is impracticable to prepare complete financial statements related to the Broth and Stock Business as it was not a separate legal entity of Del Monte and never operated as a stand-alone business, division or subsidiary. Del Monte has never prepared full stand-alone or full carve-out financial statements for the Broth and Stock Business and has never maintained distinct and separate accounts necessary to prepare such financial statements. The special purpose abbreviated financial statements are based upon the Agreement and relief under SEC Rule 3-05(e) as the acquisition by the Buyer meets the qualifying conditions established by the SEC to provide abbreviated financial statements in lieu of full financial statements of the acquired business.

These special purpose abbreviated financial statements have been prepared on a "carve-out" basis from the consolidated financial statements of Del Monte using the historical results of operations and assets and include allocations of income, expenses and assets from Del Monte.

The statement of revenues and direct expenses is not intended to be a complete presentation of the results of operations as if the Broth and Stock Business had operated independently during the period presented. Further, we do not represent that the results as presented are indicative of the results of operations that would have been achieved if the Broth and Stock Business had operated as a separate, stand-alone entity as of or for the period presented, nor are they indicative of the financial condition or results of operations to be expected in the future due to changes in the business and the omission of certain operating expenses as described below.

▪ Assets

Assets acquired (e.g., inventories, prepayments and intangible assets) were mainly allocated based on activity tied to a specific product identification number.

No liabilities, contingent or otherwise, were assumed by the Buyer.

▪ Revenues

Revenue associated with the transferred business is directly identifiable within the transaction perimeter based on stock keeping unit (SKU)-level sales data recorded in the Company's ERP system. Gross sales are identified directly by SKU using invoice-level billing data. Trade spend associated with promotional programs is identified through promotion codes assigned within the product hierarchy, linking promotional activity to specific products or product categories.

Other trade spend and sales deductions, including spoilage allowances and cash discounts, are generally accumulated at the customer level rather than by SKU. Where these deductions could not be directly linked to individual SKUs, the balances were allocated proportionally based on gross sales associated with the transferred products, ensuring that these adjustments follow the revenue generated by those products.

▪ Cost
 of Products Sold

Cost of products sold includes product acquisition costs, logistics costs, inventory write-offs, and supply chain support costs associated with the sourcing and distribution of the transferred products. Where possible, costs are directly identified at the SKU level using procurement, shipment, or operational records. Costs that could not be directly attributed to individual products were allocated using operational drivers such as Raw Product Variety (RPV) classifications, logistics metrics, facility throughput populations, or gross sales, depending on the nature of the cost.

Inventory revaluation represents differences between actual procurement costs and standard product costs. These amounts are allocated using Raw Product Variety (RPV) classifications maintained by Plants and Procurement Finance, which group products based on procurement and sourcing characteristics. Variances are subsequently pushed down to the SKU level through the Anaplan model, ensuring cost adjustments follow the products generating the underlying sourcing and supply chain activity.

Distribution-related costs, including transfer freight and warehousing, are allocated using shipment-based logistics metrics, such as freight rates per hundredweight (CWT) and warehouse storage rates based on pallet positions assigned to SKUs. Where shipment identifiers or product references are available, these costs are assigned directly to the related SKUs.

Inventory damage and write-off costs are identified at the SKU level where possible.

▪ Selling,
 distribution, and administrative expenses (SD&A)

Where SD&A costs are directly associated with identifiable programs, SKUs, or shipments, they are assigned directly to those products. When the costs support multiple product groups and could not be directly linked to the transferred products, the costs were allocated based on gross sales.

Certain expenses, such as corporate and administrative costs and research and development, are not tracked or monitored in a manner that would enable the development of full financial statements. Such costs have not been allocated to the special purpose abbreviated financial statements and include general overhead costs, such as corporate human resources, accounting, legal, and other administrative services; interest income or expense; and income taxes. As such, only costs directly related to the revenue-generating activities of the Broth and Stock Business are included in this special purpose abbreviated financial statement, as permitted by Rule 3-05 of Regulation S-X. The statement of revenue and direct expenses includes allocations of certain costs directly related to revenue-generating activities as discussed in the policies below. Management believes that the allocations are reasonable.

▪ Impairment
 Loss

Impairment losses are identified based on specific trademark.

▪ Cash
 flow

As the Broth and Stock Business has historically been managed as part of the operations of the Company and has not been operated as a stand-alone entity, information about the Broth and Stock Business' operating, investing, and financing cash flows is not available. As such, statements of cash flows are not presented in the special purpose abbreviated financial statements.

▪ Income
 tax

During the periods presented in the special purpose abbreviated financial statements, the operations of the Broth and Stock Business were included in the consolidated U.S. federal and state income tax returns filed by the Company. Provision for income taxes has not been presented in the special purpose abbreviated financial statements as permissible under Rule 3-05(e).

<u>Inventories</u>

Inventories are stated at the lower of cost or net realizable value. The cost of inventories is based on the first-in, first-out principle using a standard costing system. Cost of processed inventories comprises all costs of purchase, costs of conversion, and other costs incurred in bringing the inventories to their present location and condition. The costs of conversion include raw materials, direct labor, certain freight and warehousing costs, and indirect overhead costs.

<u>Prepayments</u>

Prepaid expenses represent payments made in advance of the receipt of goods or services and are recorded at cost. These amounts are expensed over the periods in which the related goods or services are received or the benefits are realized, generally within one year.

For purposes of the special purpose abbreviated financial statements, only prepaid expenses that are directly identifiable to the Broth and Stock Business and expected to be transferred to the Buyer have been included. These primarily consist of prepaid military disbursements, prepaid trade promotions, and prepaid amounts associated with the Winn-Dixie customer.

<u>Intangible Assets</u>

The *College Inn* and *Kitchen Basics* brands include both finite-lived and indefinite-lived assets. Finite-lived intangibles, such as customer relationships and related non-compete agreements, are recorded at cost and amortized on a straight-line basis over their estimated useful lives, beginning when the assets are placed in service. Indefinite-lived assets (trademarks) are not amortized and tested for impairment annually, or more frequently if impairment exists.

Amortization expense is recognized in the abbreviated statement of operations within cost of sales or operating expenses on a straight-line basis over the estimated useful lives of these intangible assets from the date that they are available for use.

The estimated useful lives for customer relationships and product formulations is 20 years.

Indefinite-lived intangible assets, such as certain trademarks acquired through business combinations, are not amortized but are tested for impairment annually or more frequently if indicators of impairment exist, in accordance with ASC 350, *Intangibles—Goodwill & Other*. Indefinite-lived intangible assets are evaluated to identify whether the indefinite life classification remains appropriate each reporting period based on relevant economic and legal factors.

<u>Revenue Recognition</u>

Revenue is recognized when the business transfers control over a product to a customer. Revenue is measured based on the consideration specified in the contract with a customer and excludes any amount collected on behalf of third parties.

*Sales of Goods.* Sales of goods pertain to the delivery of processed, packaged and labelled food products to customers which constitutes a single performance obligation. Customers generally obtain control of goods when the goods are delivered to the specified destination.

Each contract with a customer specifies minimum quantity, fixed prices and effective period and is not subject to change for the contractual period unless mutually agreed by the parties. Invoices are usually payable within 30 days from delivery.

*Discounts, Trade Promotions, and Variable Amounts.* Certain customers are entitled to, and in most cases avail of, cash discounts when payments are made within a defined time frame. For certain contracts, a penalty may be charged for late deliveries. Variable amounts related to these discounts and penalties are recorded using the agreed rates.

Trade promotional allowances are provided to retail and food service customers and also provides coupons to customers which are reimbursable when redeemed. Allowances and coupons are generally considered as reductions of the transaction price when the revenue is recognized for transfer of goods.

Variable amounts related to these allowances and coupons are estimated using the expected value method and included in the transaction price to the extent it is highly probable that a significant revenue reversal will not subsequently occur. Accruals for trade promotions are based on expected levels of performance. Settlement typically occurs in subsequent periods primarily through an off-invoice allowance at the time of sale or through an authorized process for deductions taken by a customer from amounts otherwise due. Evaluation of trade promotions are performed monthly, and adjustments are made where appropriate to reflect changes in the estimates. Coupon redemption costs are accrued based on estimates of redemption rates that are developed by management. Management's estimates are based on recommendations from independent coupon redemption clearing houses as well as historical information. Should actual redemption rates vary from amounts estimated, adjustments may be required.

*Sales Returns and Warranties.* Customers generally do not have the right to return products other than for items that are damaged or defective. Expected replacements or credits for damaged or defective products are estimated at the time revenue is recognized based on historical experience and recorded as a refund liability when applicable. Replacements for damaged or defective products represent assurance-type warranties and do not constitute separate performance obligations. Estimated warranty costs are accrued at the time of sale and are not material to the financial statements.

<u>Cost of Products Sold</u>

Cost of products sold includes direct and indirect costs associated with the production and procurement of inventory, including raw materials, direct labor, manufacturing overhead, freight, and warehousing costs necessary to bring inventory to its present condition and location. Cost of products sold also includes inventory write-downs and reserves for obsolescence, as well as depreciation of production-related assets and amortization of certain intangible assets utilized in manufacturing.

<u>Selling, Distribution, and Administrative ("SD&A") Expenses</u>

In general, SD&A expenses are expensed as incurred and include costs related to marketing, trade promotions, freight and logistics, variable selling and brokerage, and selling-related general and administrative activities associated with revenue-generating operations.

For purposes of the special purpose abbreviated financial statements, SD&A expenses include only those costs directly attributable to the Broth and Stock Business and exclude corporate general and administrative expenses and research and development costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. USE OF ESTIMATES**

The preparation of the special purpose abbreviated financial statements in conformity with the accounting principles generally accepted in the United States of America (U.S. GAAP) require management to make certain estimates and assumptions that affect the amounts reported in the special purpose abbreviated financial statements and accompanying disclosures. Actual results could differ from these estimates. Further, these financial statements include allocations and estimates that are not necessarily indicative of the costs and expenses that would have resulted if the Broth and Stock Business had been operated as a separate entity, or the future results of the Broth and Stock Business. Refer to Note 5 for further discussion of related estimates involved in the impairment assessment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. INVENTORIES**

---

| | |
|:---|:---|
| (in thousands) | **April 27, 2025** |
| At cost: |  |
| Raw materials | $25 |
| Work-in-process | 3441 |
|  | 3466 |
| At net realizable value (NRV) |  |
| Finished goods | 22604 |
|  | $26070 |

---

The cost of inventories recognized at net realizable value as of April 27, 2025, was $22.7 million. The cost of inventories recognized as expense during the year was $87.1 million.

**Source of estimation uncertainty**

*Allowance for inventory obsolescence and NRV*

An allowance for inventory obsolescence is recognized when inventory items are specifically identified as obsolete, have remained unsold for a certain period, or have otherwise experienced a decline in selling prices. Obsolescence is based on the physical and internal condition of inventory items. Obsolescence is also established when inventory items are no longer marketable. Obsolete goods, when identified, are written off. In addition to an allowance for specifically identified obsolete inventory, an estimation is made on a group basis based on the age of the inventory items. The condition of its inventory is reviewed on a regular basis.

Estimates of NRV are based on the most reliable evidence available at the time the estimates are made and reflect management's assessment of the value at which inventories are expected to be realized. These estimates take into consideration fluctuations of price or cost directly relating to events occurring after the reporting date, to the extent that such events confirm conditions existing at the reporting date. Reviews are performed for product movement, changes in customer demand, and introduction of new products, to identify inventories which should be written down to its net realizable value, based on age, location, and standard business unit. The write-down of inventories is reviewed periodically. An increase in write-down of inventories would increase the recorded cost of sales and decrease current assets. In accordance with ASC 330, Inventory, subsequent recoveries of previously recognized write-downs are not reversed.

**5. INTANGIBLE ASSETS**

---

| | | | |
|:---|:---|:---|:---|
| (in thousands) | **Indefinite life<br> trademarks** | **Customer relationships<br> and product formulations** | **Total** |
| **Cost** |  |  |  |
| At April 29, 2024 | $104320 | 19847 | 124167 |
| Impairment | (25980) | ‒ | (25980) |
| **At April 27, 2025** | $**78340** | **19847** | **98187** |
| **Accumulated amortization** |  |  |  |
| At April 29, 2024 | ‒ | 7756 | 7756 |
| Amortization | ‒ | 1111 | 1111 |
| **At April 27, 2025** | **‒** | **8867** | **8867** |
| **Carrying Amount** |  |  |  |
| **At April 27, 2025** | $**78340** | **10980** | **89320** |

---

**Indefinite-lived trademarks**

The indefinite life trademarks arose from the acquisition of the "College Inn" trademark in the United States, Australia, Canada and Mexico markets and the acquisition of "Kitchen Basics" trademark in the United States and Canada. Management has designated these assets as having indefinite useful lives as the Company has exclusive access to the use of these trademarks on a royalty free basis and based on all relevant factors, there is no foreseeable limit to the period over which the assets are expected to generate cash inflows for the entity.

Changes in the carrying value of indefinite-lived trademarks were

---

| | | | |
|:---|:---|:---|:---|
| (in thousands) | **As of April 27, 2025** | **As of April 27, 2025** | **As of April 27, 2025** |
|  | **College Inn** | **Kitchen Basics** | **Total** |
| Balance at April 29, 2024 | $40000 | $64320 | $104320 |
| Impairment losses | ‒ | (25980) | (25980) |
| **Balance at April 27, 2025** | $**40000** | $**38340** | $**78340** |

---

**Customer relationships and Product Formulations**

Customer relationships relate to the network of customers with established relationship through contracts. These are finite-lived intangible assets subject to amortization and impairment testing under ASC 350-30 and ASC 360.

The following table summarizes the gross carrying value, accumulated amortization, and net carrying value of amortizable customer relationships as of April 27, 2025, in accordance with ASC 350-30-50-2(a):

---

| | | | | |
|:---|:---|:---|:---|:---|
| (In thousands) | **Gross <br> Carrying <br> Value** | **Accumulated<br> Amortization** | **Impairment** | **Net Carrying<br> Value** |
| **Customer Relationships** |  |  |  |  |
| College Inn | $11406 | (7707) | ‒ | 3699 |
| Kitchen Basics | 5012 | (689) | ‒ | 4323 |
| **Product Formulations** |  |  |  |  |
| Kitchen Basics | 3429 | (471) | ‒ | 2958 |
| **Total** | $**19847** | **(8867)** | **‒** | **10980** |

---

The following table presents the remaining amortization period for each customer relationship as of April 27, 2025:

---

| | | |
|:---|:---|:---|
| **Amortizable Customer Relationships** | **Remaining Amortization Period (Years)** | **Remaining Amortization Period (Years)** |
| Customer Relationships – Consumer Products |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8 |
| Customer Relationships - Kitchen Basics |  | 17.3 |
| Product Formulations - Kitchen Basics |  | 17.3 |

---

As finite-lived intangible assets, these customer relationships are amortized over their estimated useful lives using a straight-line method in accordance with ASC 350-30. For fiscal year ended April 27, 2025, the finite-lived customer relationships amortization expense was $1.1 million.

The estimated amortization expense for each of the next five fiscal years is $5.5 million, with the remaining $5.4 million occurring thereafter.

---

| | |
|:---|:---|
| (Dollars in thousands) | **Remaining Amortization** |
| 2026 | $1111 |
| 2027 | 1111 |
| 2028 | 1111 |
| 2029 | 1111 |
| 2030 | 1111 |
| Thereafter | 5425 |
| **Amortization expense – finite-lived intangibles** | $10980 |

---

***Impairment considerations***

Indefinite-lived intangible assets are tested for impairment at least annually by comparing their estimated fair values to their respective carrying values. Under U.S. GAAP, indefinite-lived intangible assets are tested individually in accordance with ASC 350. If the carrying amount exceeds fair value, an impairment loss is recognized. Fair value is measured using valuation techniques consistent with the income and market approaches under ASC 820. Finite-lived intangible assets are reviewed for impairment when events or changes in circumstances indicate that their carrying amounts may not be recoverable, in accordance with ASC 360. Such events or circumstances may include, among others, a significant decline in market value, significant adverse change to which the asset is being used, significant adverse change in legal factors that could affect the value, or an expectation that the asset will be disposed of before the end of its previously estimated useful life.

When indicators of impairment are present, a two-step process of testing for recoverability and measuring the impairment loss is performed by comparing the carrying amount of the asset to the estimated undiscounted future cash flows expected to result from its use and eventual disposition. If the carrying amount exceeds the undiscounted cash flows, an impairment loss is recognized for the amount by which the carrying amount exceeds the asset's fair value.

Impairment charges related to indefinite-lived intangible assets during the year ended April 27, 2025 are as follows:

---

| | |
|:---|:---|
| (in thousands) | **April 27, 2025** |
| College Inn | $40000 |
| Kitchen Basics | 64320 |
|  | 104320 |
| Impairment loss | (25980) |
| Balance at April 27, 2025 | $78340 |

---

With regards to finite-lived intangible assets, the Company's estimates of future cash flows of the Broth and Stock Business indicate that the related long-lived intangible assets are recoverable.

**Sources of estimation uncertainty**

*Estimating impairment of indefinite life intangible assets*

An income approach is used to determine the impairment of indefinite life intangible assets. An income approach estimates fair value of these assets based on the forecasts of the expected future cash flows attributable to the respective assets. Significant estimates and assumptions inherent in the valuations reflect a consideration of other marketplace participants and include the amount and timing of future cashflows (including expected growth rates and profitability). Significant judgment by management is required to estimate the impact of macroeconomic and other factors on future cashflows. Estimates utilized in the projected cash flows include consideration of macroeconomic conditions, overall category growth rates, competitive activities, cost containment and margin expansion, Company business plans, relative market position and the discount rate applied to the cash flows. Unanticipated market or macroeconomic events and circumstances may occur, which could affect the accuracy or validity of the estimates and assumptions. Estimating fair value requires the Company to project future cash flows for each indefinite-lived asset and apply a discount rate reflecting market-participant assumptions about risk and return. Actual cash flows will differ from these estimates as a result of differences between assumptions used and actual operations.

With regards to finite-lived intangible assets, the Company's estimates of future cash flows of the Broth and Stock Business indicate that the related long-lived intangible assets are recoverable.

Fair value measurements use valuation techniques consistent with the income approach under ASC 820. Changes in discount rates, long-term margins or growth rates could significantly affect the outcome of the impairment assessment.

The fair value measurements for indefinite life intangible assets are classified within Level 3 of the fair-value hierarchy as such measurements incorporate inputs that are not directly observable. These values are determined based on estimates of assumptions that market participants would use in pricing the asset.

*Estimating useful lives of customer relationships*

The Company estimates the useful lives of its customer relationships and based on the period over which the assets are expected to be available for use. The estimated useful lives of the customer relationships are reviewed periodically and are updated if expectations differ from previous estimates due to legal or other limits on the use of the assets. A reduction in the estimated useful lives of customer relationships would increase recorded amortization expense and decrease total assets.

**6. REVENUE**

*Disaggregation of Revenue*

---

| | |
|:---|:---|
| (in thousands) | **April 27, 2025** |
| College Inn | $76491 |
| Kitchen Basics | 48410 |
|  | $124901 |

---

**7. SUBSEQUENT EVENTS**

Subsequent events have been evaluated through June 1, 2026, the date these special purpose abbreviated financial statements were available for issuance.

## Exhibit 99.2

**<u>Exhibit 99.2</u>**

**DEL MONTE FOODS HOLDINGS LIMITED BROTH AND STOCK BUSINESS** 

Special Purpose Abbreviated Financial Statements (Unaudited) As of and For the Nine Months Ended

January 25, 2026

**DEL MONTE FOODS BROTH AND STOCK BUSINESS** 

Statement of Assets Acquired (Unaudited)

---

| | |
|:---|:---|
| (Dollars in thousands) | **January 25, 2026** |
| Assets: |  |
| &nbsp;&nbsp;&nbsp;Inventories | 20232 |
| &nbsp;&nbsp;&nbsp;Prepayments | 1451 |
| &nbsp;&nbsp;&nbsp;Intangible assets | 87776 |
| Total assets | $109459 |

---

*See accompanying notes to special purpose abbreviated financial statements.*

**DEL MONTE FOODS BROTH AND STOCK BUSINESS**

Statement of Revenue and Direct Expenses (Unaudited)

---

| | |
|:---|:---|
| <br>**(Dollars in thousands)** | **Nine Months Ended**<br>**January 25, 2026** |
| Revenue | $93130 |
| Cost of products sold | 65678 |
| Gross profit | 27452 |
| Selling, distribution, and administrative expenses | 9185 |
| Impairment loss | 710 |
| Operating income | $17557 |

---

*See accompanying notes to special purpose abbreviated financial statements.*

**DEL MONTE FOODS BROTH AND STOCK BUSINESS**

Notes to Special Purpose Abbreviated Financial Statements

January 25, 2026

(Dollars in thousands)

1. **DESCRIPTION OF BUSINESS** 

Del Monte Foods Holdings Limited and certain of its affiliates (the "Company" or "Del Monte") entered into an Asset Purchase Agreement (the "Agreement") on January 15, 2026 with B&G Foods North America, Inc. (the "Buyer"), which provides for the sale of certain assets of Del Monte, pertaining to the Del Monte Foods Broth and Stock Business (the "Broth and Stock Business"). The sale closed on March 19, 2026. The transaction included broth and stock product lines sold under the *College Inn* and *Kitchen Basics* brands, certain trademarks and licensing agreements and certain co-manufacturing agreements. The operating results for the Broth and Stock Business were primarily included in Del Monte's Flavor and Meal Enhancer (FLAME) segment. The accompanying special purpose abbreviated financial statements for the Broth and Stock Business present the assets acquired as of January 25, 2026, and the revenue and direct expenses for the nine months ended January 25, 2026.

The accompanying special purpose abbreviated financial statements consist of balances and activity of the Broth and Stock Business. The special purpose abbreviated financial statements were prepared for the purpose of assisting the Buyer in complying with the rules and regulations of the Securities and Exchange Commission. These special purpose abbreviated financial statements do not necessarily reflect what the results of operations, financial position, or cash flows would have been had the Broth and Stock Business been a separate entity nor are they indicative of future results of the Broth and Stock Business.

These statements should be read in conjunction with the audited financial statements and footnotes of the Broth and Stock Business for the fiscal year ended April 27, 2025 that are filed as an exhibit to the same Form 8-K/A to which these financial statements are filed as an exhibit. The accounting policies used in preparing these financial statements are the same as those described in Note 2 and Note 3 to the audited financial statements in this Form 8-K/A.

2. **INVENTORIES** 

---

| | |
|:---|:---|
| (in thousands) | **January 25, 2026** |
| At cost |  |
| Raw materials | $124 |
| Work-in-process | 2632 |
|  | 2756 |
| At net realizable value (NRV) |  |
| Finished goods | 17476 |
|  | $20232 |

---

The cost of inventories recognized at net realizable value as of January 25, 2026, was $17.6 million. The cost of inventories recognized as expense during the year was $65.7 million.

**Source of estimation uncertainty**

*Allowance for inventory obsolescence and NRV*

An allowance for inventory obsolescence is recognized when inventory items are specifically identified as obsolete, have remained unsold for a certain period, or have otherwise experienced a decline in selling prices. Obsolescence is based on the physical and internal condition of inventory items. Obsolescence is also established when inventory items are no longer marketable. Obsolete goods, when identified, are written off. In addition to an allowance for specifically identified obsolete inventory, an estimation is made on a group basis based on the age of the inventory items. The condition of its inventory is reviewed on a regular basis.

Estimates of NRV are based on the most reliable evidence available at the time the estimates are made and reflect management's assessment of the value at which inventories are expected to be realized. These estimates take into consideration fluctuations of price or cost directly relating to events occurring after the reporting date, to the extent that such events confirm conditions existing at the reporting date. Reviews are performed for product movement, changes in customer demand, and introduction of new products, to identify inventories which should be written down to its net realizable value, based on age, location, and standard business unit. The write-down of inventories is reviewed periodically. An increase in write-down of inventories would increase the recorded cost of sales and decrease current assets. In accordance with ASC 330, Inventory, subsequent recoveries of previously recognized write-downs are not reversed.

3. **INTANGIBLE ASSETS** 

---

| | | | |
|:---|:---|:---|:---|
| (in thousands) | **Indefinite life<br> trademarks** | **Customer relationships<br> and product formulations** | **Total** |
| **Cost** |  |  |  |
| At April 27, 2025 | $78340 | 19847 | 98187 |
| Impairment | (710) | ‒ | (710) |
| **At January 25, 2026** | $**77630** | **19847** | **97477** |
| **Accumulated amortization** |  |  |  |
| At April 27, 2025 | ‒ | 8867 | 8867 |
| Amortization | ‒ | 834 | 834 |
| **At January 25, 2026** | $**‒**  | **9701** | **9701** |
| **Carrying Amount** |  |  |  |
| At April 27, 2025 | 78340 | 10980 | 89320 |
| **At January 25, 2026** | $**77630** | **10146** | **87776** |

---

**Indefinite-lived trademarks**

The indefinite life trademarks arose from the acquisition of the "College Inn" trademark in the United States, Australia, Canada and Mexico markets and the acquisition of "Kitchen Basics" trademark in the United States and Canada. Management has designated these assets as having indefinite useful lives as the Company has exclusive access to the use of these trademarks on a royalty free basis and based on all relevant factors, there is no foreseeable limit to the period over which the assets are expected to generate cash inflows for the entity.

Changes in the carrying value of indefinite-lived trademarks were

---

| | | | |
|:---|:---|:---|:---|
| (in thousands) | **As of January 25, 2026** | **As of January 25, 2026** | **As of January 25, 2026** |
|  | **College Inn** | **Kitchen Basics** | **Total** |
| Balance at April 27, 2025 | $40000 | $38340 | $78340 |
| Impairment losses | - | (710) | (710) |
| **Balance at January 25, 2026** | $**40000** | $**37630** | $**77630** |

---

**Customer relationships and Product Formulations**

Customer relationships relate to the network of customers with established relationship through contracts. These are finite-lived intangible assets subject to amortization and impairment testing under ASC 350-30 and ASC 360.

The following table summarizes the gross carrying value, accumulated amortization, and net carrying value of amortizable customer relationships as of January 25, 2026, in accordance with<br> ASC 350-30-50-2(a):

---

| | | | | |
|:---|:---|:---|:---|:---|
| (In thousands) | **Gross <br> Carrying <br> Value** | **Accumulated<br> Amortization** | **Impairment** | **Net Carrying<br> Value** |
| **Customer Relationships** |  |  |  |  |
| College Inn | 11406 | (8224) | ‒ | 3182 |
| Kitchen Basics | 5012 | (877) | ‒ | 4135 |
| **Product Formulations** |  |  |  |  |
| Kitchen Basics | 3429 | (600) | ‒ | 2829 |
| **Total** | **19847** | **(9701)** | **‒** | **10146** |

---

***Impairment considerations***

Indefinite-lived intangible assets are tested for impairment at least annually by comparing their estimated fair values to their respective carrying values. Under the accounting principles generally accepted in the United States of America (U.S. GAAP), indefinite-lived intangible assets are tested individually in accordance with ASC 350. If the carrying amount exceeds fair value, an impairment loss is recognized. Fair value is measured using valuation techniques consistent with the income and market approaches under ASC 820. Finite-lived intangible assets are reviewed for impairment when events or changes in circumstances indicate that their carrying amounts may not be recoverable, in accordance with ASC 360. Such events or circumstances may include, among others, a significant decline in market value, significant adverse change to which the asset is being used, significant adverse change in legal factors that could affect the value, or an expectation that the asset will be disposed of before the end of its previously estimated useful life.

When indicators of impairment are present, a two-step process of testing for recoverability and measuring the impairment loss is performed by comparing the carrying amount of the asset to the estimated undiscounted future cash flows expected to result from its use and eventual disposition. If the carrying amount exceeds the undiscounted cash flows, an impairment loss is recognized for the amount by which the carrying amount exceeds the asset's fair value.

Impairment charges related to indefinite-lived intangible assets during the nine months ended January 25, 2026 are as follows:

---

| | |
|:---|:---|
| (in thousands) | **January 25, 2026** |
| Cost |  |
| College Inn | $40000 |
| Kitchen Basics | 64320 |
|  | 104320 |
| Impairment loss |  |
| Balance at beginning of the year | (25980) |
| Impairment loss | (710) |
|  | (26690) |
| Balance at January 25, 2026 | $77630 |

---

With regards to finite-lived intangible assets, the Company's estimates of future cash flows of the Broth and Stock Business indicate that the related long-lived intangible assets may be recoverable.

**Sources of estimation uncertainty**

*Estimating impairment of indefinite life intangible assets*

An income approach is used to determine the impairment of indefinite life intangible assets. An income approach estimates fair value of these assets based on the forecasts of the expected future cash flows attributable to the respective assets. Significant estimates and assumptions inherent in the valuations reflect a consideration of other marketplace participants and include the amount and timing of future cashflows (including expected growth rates and profitability). Significant judgment by management is required to estimate the impact of macroeconomic and other factors on future cashflows. Estimates utilized in the projected cash flows include consideration of macroeconomic conditions, overall category growth rates, competitive activities, cost containment and margin expansion, Company business plans, relative market position and the discount rate applied to the cash flows. Unanticipated market or macroeconomic events and circumstances may occur, which could affect the accuracy or validity of the estimates and assumptions. Estimating fair value requires the Company to project future cash flows for each indefinite-lived asset and apply a discount rate reflecting market-participant assumptions about risk and return. Actual cash flows will differ from these estimates as a result of differences between assumptions used and actual operations.

With regards to finite-lived intangible assets, the Company's estimates of future cash flows of the Broth and Stock Business indicate that the related long-lived intangible assets may be recoverable.

Fair value measurements use valuation techniques consistent with the income approach under ASC 820. Changes in discount rates, long-term margins or growth rates could significantly affect the outcome of the impairment assessment. The fair value measurements for indefinite life intangible assets are classified within Level 3 of the fair-value hierarchy as such measurements incorporate inputs that are not directly observable. These values are determined based on estimates of assumptions that market participants would use in pricing the asset.

*Estimating useful lives of customer relationships*

The Company estimates the useful lives of its customer relationships and based on the period over which the assets are expected to be available for use. The estimated useful lives of the customer relationships are reviewed periodically and are updated if expectations differ from previous estimates due to legal or other limits on the use of the assets. A reduction in the estimated useful lives of customer relationships would increase recorded amortization expense and decrease total assets.

4. **REVENUE** 

*Disaggregation of Revenue*

---

| | |
|:---|:---|
| (in thousands) | **January 25, 2026** |
| College Inn | $54788 |
| Kitchen Basics | 38342 |
|  | $93130 |

---

5. **SUBSEQUENT EVENTS** 

Subsequent events have been evaluated through June 1, 2026, the date these special purpose interim abbreviated financial statements were available for issuance.

## Exhibit 99.3

**<u>Exhibit 99.3</u>**

**B&G Foods, Inc. and Subsidiaries** 

**Unaudited Pro Forma Combined Financial Statements**

On March 19, 2026, pursuant to an agreement entered into on January 15, 2026, B&G Foods, Inc. and its subsidiaries completed the acquisition of the broth and stock business of Del Monte Foods Holdings Limited and certain of its affiliates, including the *College Inn* and *Kitchen Basics* brands for approximately $109.7 million in cash We refer to this acquisition as the *College Inn* and *Kitchen Basics* acquisition and the broth and stock business as the *College Inn* and *Kitchen Basics* business.

Because B&G Foods' April 4, 2026 historical balance sheet included in our Quarterly Report on Form 10-Q for our quarter ended April 4, 2026 filed on May 13, 2026 already reflects the *College Inn* and *Kitchen Basics* acquisition, a pro forma balance sheet is not required to be included in this amendment.

The unaudited pro forma combined statements of operations for the first quarter ended April 4, 2026 and the fiscal year ended January 3, 2026 combines our historical consolidated statements of operations for the periods then ended with the statements of net revenues and direct expenses of the *College Inn* and *Kitchen Basics* business for its quarter ended January 25, 2026 and its four quarter period ended January 25, 2026, respectively, and gives effect to the *College Inn* and *Kitchen Basics* acquisition and related borrowings as if such transactions occurred on December 29, 2024. Del Monte Foods has an April fiscal year end. These periods were presented to comply with Item 9.01(b) reporting rules when an acquired business has a different fiscal year than the acquiring company. Due to the timing of the acquisition and differences in fiscal year-ends, results of the *College Inn* and *Kitchen Basics* business for the quarter ended January 25, 2026 are included in both the annual and interim pro forma periods.

The *College Inn* and *Kitchen Basics* acquisition has been accounted for by the acquisition method of accounting. The pro forma combined financial information sets forth the preliminary allocation of the purchase price for the *College Inn* and *Kitchen Basics* acquisition based upon the estimated fair value of the assets acquired at the date of acquisition using available information. The preliminary purchase price allocation may be adjusted as a result of the finalization of our purchase price allocation procedures.

As previously disclosed, on May 23, 2025, we completed the sale of the *Don Pepino* and *Sclafani* brands of pizza and spaghetti sauces, crushed tomatoes, tomato puree and whole peeled tomatoes for a purchase price of $10.6 million, which we refer to as the "*Don Pepino* divestiture." On August 1, 2025, we completed the sale of the *Le Sueur* U.S. shelf stable vegetable brand for a purchase price of $59.1 million, which we refer to as the "*Le Sueur* U.S. divestiture." On March 2, 2026, we completed the sale of our *Green Giant* U.S. frozen business for a purchase price of approximately $61.5 million, which we refer to as the "*Green Giant* U.S. frozen divestiture." Also on March 2, 2026, and as a condition to the closing of the *Green Giant* U.S. frozen divestiture we entered into a co-manufacturing agreement with the acquirer of the *Green Giant* U.S. frozen business. Pursuant to the co-manufacturing agreement we continue to manufacture for the acquirer of the *Green Giant* U.S. frozen business, at a manufacturing facility that was not transferred to the acquirer, the *Green Giant* frozen vegetable products produced at that manufacturing facility for sale by the acquirer in the United States.

The pro forma financial information included in this Exhibit 99.3, also gives effect to pro forma adjustments for the *Don Pepino* divestiture, the *Le Sueur* U.S. divestiture, the *Green Giant* U.S. frozen divestiture and the commencement of the *Green Giant* U.S. frozen co-manufacturing business, each of which was individually insignificant, because management believes that inclusion of such divestitures and the commencement of the frozen co-manufacturing business, provides investors with more meaningful information.

The unaudited pro forma combined financial information set forth below reflects pro forma adjustments that are based upon available information and certain assumptions that we believe are reasonable. The unaudited pro forma combined financial information does not purport to represent our results of operations or financial position that would have resulted had the *College Inn* and *Kitchen Basics* acquisition and related borrowings or the *Don Pepino* divestiture, the *Le Sueur* U.S. divestiture, the *Green Giant* U.S. frozen divestiture and the commencement of the *Green Giant* U.S. frozen co-manufacturing business to which pro forma effect is given been consummated as of the dates indicated. Additionally, the unaudited pro forma combined statements of operations should not be considered indicative of expected future results. Furthermore, no effect has been given in the unaudited pro forma combined statements of operations for synergistic benefits that may be realized through the combination of B&G Foods and the *College Inn* and *Kitchen Basics* business or the costs that will be incurred in integrating the operations of the *College Inn* and *Kitchen Basics* business.

The unaudited pro forma combined financial statements and accompanying notes should be read in conjunction with the historical financial statements and the notes thereto for B&G Foods that are included in our Annual Report on Form 10-K for the Year Ended January 3, 2026, filed with the Securities and Exchange Commission (SEC) on March 3, 2026, our Quarterly Report on Form 10-Q for the period ended April 4, 2026 filed with the SEC on May 13, 2026, and the historical financial statements of the *College Inn* and *Kitchen Basics* business that are filed as Exhibits 99.1 and 99.2 to our Current Report on Form 8-K/A filed on June 1, 2026.

**B&G Foods, Inc. and Subsidiaries<br> Unaudited Pro Forma Combined Statement of Operations<br> Year Ended January 3, 2026<br> (In thousands, except per share data)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Historical** | **Historical** | | | | | |
|  | **B&G <br> Foods<sup>(1)</sup>** | **College<br> Inn and<br> Kitchen<br> Basics<sup>(2)</sup>** |<br>**College <br> Inn and <br> Kitchen <br> Basics<br> Reclassification<br> Adjustments<sup>(3)</sup>** |<br>**College<br> Inn and<br> Kitchen <br> Basics <br> Pro <br> Forma<br> Adjustments** |<br>**Don <br> Pepino, <br> Le Sueur U.S.<br> and Green<br> Giant U.S.<br> Frozen<br> Divestiture<br> Adjustments<sup>(4)</sup>** |<br>**Green <br> Giant <br> U.S. <br> Frozen<br> Co-<br> Manufacturing<br> Adjustments<sup>(5)</sup>** |<br>**Pro Forma<br> Combined** |
| Net sales | $1828687 | $116033 | $— |  | $(256962) | $110111 | $1797869 |
| Cost of goods sold | 1429870 | 84961 | 1841 |  | (251976) | 104301 | 1368997 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 398817 | 31072 | (1841) |  | (4986) | 5810 | 428872 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales, general and administrative | 194947 | 13125 | (1841) |  | (33508) |  | 172723 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization expense | 20292 |  |  | 780<sup>(7)</sup> | (1435) |  | 19637 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss on sales of asset | (2867) |  |  |  | 2867 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impairment of assets held for sale | 28500 |  |  |  |  |  | 28500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impairment of intangible assets | 60798 | 25980 |  | (25980) | (34798) |  | 26000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income (loss) | 97147 | (8033) |  | 25200 | 61888 | 5810 | 182012 |
| Other expenses (income): |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense, net | 149631 |  |  | 5680<sup>(8)</sup> | (5179)<sup>(9)</sup> |  | 150132 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income | (4750) |  |  |  |  |  | (4750) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Loss) income before income tax (benefit) expense | (47734) | (8033) |  | 19520 | 67067 | 5810 | 36630 |
| Income tax (benefit)expense | (4477) |  |  | 2872<sup>(10)</sup> | 16767 | 1453 | 16615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (loss) income | $(43257) | $(8033) | $— | $16648 | $50300 | $4357 | $20015 |
| Weighted average common shares outstanding: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 79755 |  |  |  |  |  | 79755 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 79755 |  |  |  |  |  | 80428 |
| Earnings per share: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $(0.54) | N/A | N/A | N/A | N/A | N/A | $0.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $(0.54) | N/A | N/A | N/A | N/A | N/A | $0.25 |
| Cash dividends declared per share | $0.76 | N/A | N/A | N/A | N/A | N/A | $0.76 |

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See accompanying notes to unaudited pro forma combined financial statements.

**B&G Foods, Inc. and Subsidiaries<br> Unaudited Pro Forma Combined Statement of Operations<br> Quarter Ended April 4, 2026<br> (In thousands, except per share data)**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Historical** | **Historical** | | | | | |
|  | **B&G <br> Foods<sup>(1)</sup>** | **College<br> Inn and<br> Kitchen<br> Basics<sup>(2)</sup>** |<br>**College <br> Inn and <br> Kitchen <br> Basics<br> Reclassification<br> Adjustments<sup>(3)</sup>** |<br>**College<br> Inn and<br> Kitchen <br> Basics <br> Pro <br> Forma<br> Adjustments** |<br>**Green<br> Giant U.S.<br> Frozen<br> Divestiture<br> Adjustments<sup>(4)</sup>** |<br>**Green <br> Giant <br> U.S. <br> Frozen<br> Co-<br> Manufacturing<br> Adjustments<sup>(5)</sup>** |<br>**Pro Forma<br> Combined** |
| Net sales | $408936 | $37820 | $— | $(3871)<sup>(6)</sup> | $(32392) | $14378 | $424871 |
| Cost of goods sold | 329047 | 27620 | 583 | (3173)<sup>(6)</sup> | (29295) | 13620 | 338402 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 79889 | 10200 | (583) | (698) | (3097) | 758 | 86469 |
| Operating expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales, general and administrative | 50190 | 4232 | (583) | (640) | (3648) |  | 49551 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization expense | 4376 |  |  | 165<sup>(7)</sup> |  |  | 4541 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on sales of assets | 36282 |  |  |  | (36282) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impairment of intangible assets |  | 710 |  | (710) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income (loss) | (10959) | 5258 |  | 487 | 36833 | 758 | 32377 |
| Other expenses (income): |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense, net | 35822 |  |  | 1202<sup>(8)</sup> | (507)<sup>(9)</sup> |  | 36517 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income | (1506) |  |  |  |  |  | (1506) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Loss) income before income tax (benefit) expense | $(45275) | $5258 |  | (715) | 37340 | 758 | (2634) |
| Income tax (benefit) expense | (12731) |  |  | $1136<sup>(10)</sup> | 9335 | 190 | (2070) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (loss) income | $(32544) | $5258 | $— | $(1851) | $28005 | $568 | $(564) |
| Weighted average common shares outstanding: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 80203 |  |  |  |  |  | 80203 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 80203 |  |  |  |  |  | 80203 |
| Earnings per share: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $(0.41) | N/A | N/A | N/A | N/A | N/A | $(0.01) |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $(0.41) | N/A | N/A | N/A | N/A | N/A | $(0.01) |
| Cash dividends declared per share | $0.19 | N/A | N/A | N/A | N/A | N/A | $0.19 |

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See accompanying notes to unaudited pro forma combined financial statements.

**B&G Foods, Inc. and Subsidiaries<br> Notes to Unaudited Pro Forma Combined Financial Statements**

**Year Ended January 3, 2026 and Quarter Ended April 4, 2026**

(1) Represents our consolidated results of operations for our fiscal year
 ended January 3, 2026 and quarter ended April 4, 2026. Because the *College Inn* and *Kitchen Basics* acquisition occurred on March 19, 2026, there are approximately
 two weeks of results for those brands included in our results of operations for the first
 quarter of 2026. On an actual basis, the *College Inn* and *Kitchen Basics* acquisition
 contributed $2.9 million of our aggregate $408.9 million of consolidated net sales, and $0.4
 million of pre-tax income of our aggregate $45.3 million pre-tax loss, for the first quarter
 of 2026.

(2) Represents the historical statements of net revenues and direct expenses
 for the *College Inn* and *Kitchen Basics* business for its four quarters ended
 January 25, 2026 and its quarter ended January 25, 2026. The historical statements
 of net revenues and direct expenses for the *College Inn* and *Kitchen Basics* business for these periods were derived from the historical statements of net revenues and
 direct expenses for the *College Inn* and *Kitchen Basics* business for its fiscal
 year ended April 27, 2025 and its three quarters ended January 25, 2026.

(3) Based on our review of the accounting policies and financial statement
 presentation for the historical financial statements for the *College Inn* and *Kitchen Basics* business, certain balances from the historical financial statements for the *College Inn* and *Kitchen Basics* business have been reclassified to conform
 its presentation to that of B&G Foods.

(4) For the quarter ended April 4, 2026 does not include adjustments
 for the *Don Pepino* or *Le Sueur* U.S. businesses since results for those
 businesses were not included in our financial statements for that quarter.

(5) Based on the historical results of operations relating to those products of the *Green Giant* U.S. frozen business that
 would have been subject to the *Green Giant* U.S. frozen co-manufacturing agreement had the *Green Giant* U.S. frozen
 divestiture and the commencement of the *Green Giant* U.S. frozen co-manufacturing agreement commenced as of the first day of
 the applicable period presented, in each case adjusted to reflect the impact that the contractual terms of the *Green Giant* U.S.
 frozen co-manufacturing agreement, including the impact that the tolling fees, management fees and pass-through freight costs
 allocated based on destination, would have had on our results of operations.

(6) Represents an adjustment to remove approximately two weeks of operating
 results from the historical *College Inn* and *Kitchen Basics* business quarterly financial results because two weeks of
 operating results for the *College Inn* and *Kitchen Basics* business are already
 included in the historical results for B&G Foods for the quarter ended April 4,
 2026.

(7) The total purchase price for the *College Inn* and *Kitchen Basics* acquisition was approximately $109.7 million. The following table sets forth the preliminary
 allocation of the *College Inn* and *Kitchen Basics* purchase price to the estimated
 fair value of the net assets acquired as of March 19, 2026, based upon currently available
 information. Inventory has been recorded at estimated selling price less costs of disposal
 and a reasonable profit. A third party valuation specialist assisted us with our determination
 of the valuation for the intangible assets acquired (including trademarks and customer relationship
 intangibles). The preliminary purchase price allocation will be adjusted as a result of the
 finalization of our purchase price allocation procedures. We anticipate completing the purchase
 price allocation during fiscal 2026.

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| | |
|:---|:---|
| (Dollars in thousands) |  |
| Trademarks – indefinite life intangible assets | 72300 |
| Inventories | 15792 |
| Customer relationships – finite-lived intangible assets | 15600 |
| Goodwill | 5782 |
| Other assets | 181 |
| &nbsp;&nbsp;&nbsp;Total preliminary purchase price (paid in cash) | $109655 |

---

The excess of the purchase price over the fair value of identifiable tangible and intangible assets acquired represents goodwill. Trademarks are deemed to have an indefinite useful life and are not amortized.

Represents an adjustment for acquired intangible asset amortization expense of $780 thousand and $165 thousand for the year ended January 3, 2026 and quarter ended April 4, 2026, respectively, with an amortization of 20 years.

(8) Adjustment to reflect our incurrence of an incremental $109.7 million
 of borrowings (dollars in thousands):

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| | | |
|:---|:---|:---|
|  | **Year Ended<br> January 3, 2026** | **Quarter Ended<br> April 4, 2026** |
| <u>Interest expense relating to:</u> |  |  |
| Revolving credit loans due 2028 ($109,655 at 5.68%) | $6228 | $1318 |
| Unused revolver fees savings | $(548) | $(116) |
| &nbsp;&nbsp;&nbsp;Adjustment to interest expense | $5680 | $1202 |

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Interest under the revolving credit facility, including any outstanding letters of credit, is determined based on alternative rates that we may choose in accordance with the credit agreement, including a base rate per annum plus an applicable margin ranging from 0.50 to 1.00%, and SOFR plus an applicable margin ranging from 1.50% to 2.00%, in each case depending on our consolidated leverage ratio. At April 4, 2026, the revolving credit facility weighted average interest rate was approximately 5.68%.

If the interest rates were to increase or decrease by 0.125% from the rates assumed in the table above, pro forma interest expense would change by approximately $0.1 million for the fiscal year ended January 3, 2026 and less than $0.1 million for the quarter ended April 4, 2026.

(9) Adjustments to reflect the repayment of $131.2 million and $61.5 million
 of borrowings, respectively, for the year ended January 3, 2026 and the quarter ended
 April 4, 2026, with the proceeds from the divestitures (dollars in thousands):

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| | |
|:---|:---|
|  | **Year Ended<br> January 3, 2026** |
| <u>Interest expense relating to:</u> |  |
| Revolving credit loans due 2028 ($131,224 at 5.68%) | $(5679) |
| Incremental unused revolver fees | $500 |
| &nbsp;&nbsp;&nbsp;Adjustment to interest expense | $(5179) |

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| | |
|:---|:---|
|  | **Quarter Ended<br> April 4, 2026** |
| <u>Interest expense relating to:</u> |  |
| Revolving credit loans due 2028 ($61,468 at 5.68%) | $(556) |
| Incremental unused revolver fees | $49 |
| &nbsp;&nbsp;&nbsp;Adjustment to interest expense | $(507) |

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(10) Adjustment to reflect income tax expense on the results of operations
 of the *College Inn* and *Kitchen Basics* business and the pro forma adjustments
 for the year ended January 3, 2026 and quarter ended April 4, 2026 using estimated
 statutory income tax rates of 25.0% (federal and state) for both periods. Income tax expense
 was not allocated to the *College Inn* and *Kitchen Basics* business in the pre-acquisition
 statements of net revenues and direct expenses.