B&G Foods

B&G Foods, Inc. is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar. Its brands include Back to Nature, Bear Creek, Cream of Wheat, Green Giant, Mrs. Dash, and Ortega. The company was founded in 1889 and is headquartered in Parsippany, NJ.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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Earnings data Q1 2025

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Earnings data Q1 2026

B&G Foods reports strong Q1 results, focuses on margin improvement

B&G Foods delivered a solid performance in Q1 2023, showcasing growth in adjusted EBITDA and net sales. While facing challenges in sales volumes and pricing strategies, the company's focus on customer service and margin improvement positions it well for future opportunities. Managing leverage and pursuing asset sales strategy are key areas of focus for continued success.

B&G Foods reports robust Q2 performance amidst pricing challenges

B&G Foods navigated Q2 effectively, focusing on cost management and pricing strategies to mitigate challenges. With a strong cash flow position and plans for inventory reduction, the company remains on track to achieve fiscal year '23 guidance. Opportunities for growth and strategic evaluations present avenues for future success.

B&G Foods reports strong Q3 margins, divests Green Giant

B&G Foods showcased strong margin recovery and balance sheet improvements in Q3 2023, with a focus on reducing debt and enhancing cash efficiency.
While facing challenges in the Green Giant business, the company is strategically divesting to focus on higher valuation growth categories and improving margins.
Opportunities lie in focusing on higher-margin businesses, leveraging productivity improvements, and driving cost savings to navigate inflation and enhance profitability.
Overall, B&G Foods is positioned to drive financial health through strategic divestitures, operational optimizations, and a focus on margin expansion.

B&G Foods surpasses Q4 expectations, eyes growth through divestitures

B&G Foods delivered a solid performance in Q4 2023, exceeding expectations and showcasing stability and progress.
The company's strengths lie in strong margins, successful growth strategies, and improved cash flow.
Challenges include potential cost pressures and the need for continued business shaping efforts in 2024.
Opportunities for growth include portfolio reshaping, long-term strategic focus, and enhancing shareholder value.

B&G Foods Q1 2024: Portfolio Reshaping and Strategic Divestitures

B&G Foods' Q1 performance was slightly below expectations, with a focus on portfolio reshaping and divestitures.
Challenges include declining food service sales and working capital adjustments post-divestiture.
Opportunities lie in enhanced transparency, strategic divestitures, and post-pandemic adjustments.
Management is strategically aligning actions with long-term goals of growth and profitability.

B&G Foods meets Q2 expectations, focuses on high-margin segments

B&G Foods met Q2 expectations with stable net sales and adjusted EBITDA, but faced challenges in base business sales and Frozen & Vegetables segment.
The company is strategically reshaping its portfolio towards high-margin segments like spices and seasonings, aiming for long-term growth and profitability.
Despite industry challenges, B&G Foods remains focused on core businesses and anticipates improved performance in the back half of 2024.
Opportunities for growth exist through portfolio adjustments, focusing on high-margin segments, and anticipating a more favorable grocery retail environment.

B&G Foods reports Q3 challenges, focuses on reshaping for growth

B&G Foods faced challenges in Q3 2024 with lower-than-expected net sales and adjusted EBITDA, impacted by inventory adjustments and competitive pricing pressures. Despite these challenges, the company demonstrated strengths in its Spices & Flavor Solutions segment and strategic focus on reshaping the portfolio for future growth.
Opportunities lie in driving growth through key brands like Crisco and Ortega, as well as leveraging inventory rebalancing benefits for improved working capital. To address challenges and capitalize on opportunities, B&G Foods aims for gradual recovery and stabilization in fiscal year 2025.

B&G Foods reports improved Q4 results and strategic growth plans

B&G Foods showed improved performance in Q4 2024, with a focus on reshaping the portfolio for better financial outcomes. While facing challenges in profitability and potential impacts from SNAP reductions, the company aims for efficiency and growth. Opportunities lie in projected revenue growth for fiscal year '25 and strategic initiatives to enhance product offerings. Overall, B&G Foods is navigating challenges while positioning for future success through strategic actions and cost-saving measures.

B&G Foods faces Q1 challenges, reshapes portfolio for growth

B&G Foods faced challenges in Q1 2025 with declining net sales and EBITDA, driven by issues in the Green Giant U.S. business and retailer undershipments. Despite challenges, the company is implementing cost-saving measures, reshaping its portfolio, and providing revised guidance for the fiscal year, showing strategic foresight and adaptability. Improved consumption trends in April and ongoing efforts to address challenges present opportunities for growth, efficiency improvements, and strategic positioning in the market. Proactive discussions on tariffs, portfolio changes, and consumer trends reflect a forward-looking approach to navigating uncertainties and leveraging opportunities for future success.

B&G Foods reports Q2 challenges, focuses on reshaping for growth

B&G Foods faced challenges in Q2 with declining net sales and EBITDA, driven by specific business units and market conditions. Despite these challenges, the company is strategically reshaping its portfolio, reducing leverage, and implementing mitigation strategies for tariff impacts. Opportunities for growth lie in portfolio optimization, cost-saving initiatives, and proactive risk management, positioning the company for potential recovery and improved performance.

B&G Foods reports stable Q3 performance amidst strategic transformations

B&G Foods navigated Q3 with stable EBITDA amid a decline in net sales, driven by cost efficiencies and strategic initiatives. Challenges include maintaining sales growth amidst divestitures and tariff pressures, requiring effective strategies. Opportunities lie in optimizing operations, reducing leverage, and reinvesting for future growth and profitability.

B&G Foods reshapes portfolio, reduces debt, eyes growth opportunities

B&G Foods navigated portfolio changes effectively, with a focus on reducing debt and managing costs. Despite challenges in base business sales and input costs, the company remains optimistic about future prospects. Strong cash flows, strategic acquisitions, and cost management are key drivers for B&G Foods' performance.

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B&G Foods, Inc. is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions. The Specialty segment includes, among others, the Crisco, Clabber Girl, Bear Creek, Polaner, Underwood, B&G, Grandma’s, New York Style, Don Pepino, Sclafani, B&M, Baker’s Joy, Regina, TrueNorth, Static Guard, SugarTwin and Brer Rabbit brands. The Meals segment focuses on the Ortega, Maple Grove Farms, Cream of Wheat, Las Palmas, Victoria, Mama Mary’s, Spring Tree, McCann’s, Carey’s and Vermont Maid brands. The Frozen & Vegetables segment consists of Green Giant and Le Sueur brands. The Spices & Flavor Solutions segment offers Dash, Spice Islands, Weber, Ac’cent, Tone’s, Trappey’s, Durkee and Wright’s brands. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar. Its brands include Back to Nature, Bear Creek, Cream of Wheat, Green Giant, Mrs. Dash, and Ortega. The company was founded in 1889 and is headquartered in Parsippany, NJ.