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 Q4 2020

Earnings data Q1 2021

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Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

B&G Foods reports strong Q4 performance and strategic growth outlook

B&G Foods navigated challenges in 2022 to deliver a strong Q4 performance, with a focus on pricing actions, supply chain improvements, and portfolio optimization.
Guidance for 2023 signals a strategic approach to managing inflation, pricing, and margin recovery, positioning the company for continued growth and profitability.
Efforts to enhance operational efficiency, pricing transparency, and trade optimization underscore B&G Foods' commitment to sustainable growth and financial stability.
Anticipated improvements in cash flow from operations and working capital trends in 2023 reflect a positive outlook for the company's financial performance and operational resilience.

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.

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BGS' Q3 results are likely to reflect the impacts of softness in Foodservice category and slower recovery in net sales to retail customers.

B&G Foods Gears Up for Q3 Earnings: Here's What You Should Know

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.19 per share of common stock. The dividend is payable on January 30, 2025 to stockholders of record as of December 31, 2024. At the closing market price of the common stock on October 29, 2024, the current dividend rate represents an annualized yield of 8.6%. This is the 81st consecutive quarterly dividend declared by the Board of Di.

B&G Foods Declares Regular Quarterly Dividend

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it intends to issue a press release with third quarter 2024 financial results after the market close on Tuesday, November 5, 2024. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer. The earnings press re.

B&G Foods Announces Date of Third Quarter 2024 Earnings Conference Call

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BGS is restructuring its portfolio via prudent buyouts and divestitures. The company is witnessing strong performance in its Spices & Flavor Solutions unit.

Is B&G Foods Stock a Buy or Hold at a P/E Multiple of 10.7X?

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PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS), announced today that it has issued a notice of redemption for all $265,392,000 remaining aggregate principal amount of its outstanding 5.25% senior notes due 2025 at a cash redemption price of 100.0% of the principal amount of the notes being redeemed, plus accrued and unpaid interest on such amount, to, but excluding, the redemption date of October 9, 2024. B&G Foods plans to fund the redemption with revolving loans under.

B&G Foods Issues Notice of Full Redemption of Remaining 5.25% Senior Notes due 2025

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Investment activity in July focused on Business Development Companies, with $2,000 added to the market. Adjusted dividend income in July of $709, up 19% Y/Y and down 4% sequentially. Main picks included Blackstone Secured Lending, Ares Capital and Owl Rock Capital.

My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) today announced that it will participate at the Barclays Global Consumer Staples Conference on Wednesday, September 4, 2024 in Boston, MA. The fireside chat will begin at 11:15 a.m. Eastern Time. Investors and interested parties may listen to a live webcast of the session by visiting the investor relations section of B&G Foods' website at www.bgfoods.com/investor-relations at the appropriate time. A replay of the webcast wil.

B&G Foods to Participate at the Barclays Global Consumer Staples Conference

B&G Foods' (BGS) second-quarter 2024 results reflect lower earnings and sales amid demand challenges in the consumer-packaged food space.

B&G Foods (BGS) Q2 Earnings Meet Estimates, Unit Volumes Dip

B&G Foods, Inc. (NYSE:BGS ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants AJ Schwab - Senior Associate, Corporate Strategy and Business Development Kenneth Keller - President, Chief Executive Officer and Director Bruce Wacha - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays William Reuter - Bank of America Rob Dickerson - Jefferies Karru Martinson - Jefferies Michael Lavery - Piper Sandler Carla Casella - JPMorgan David Palmer - Evercore ISI Robert Moskow - TD Cowen Operator Good day, and welcome to the B&G Foods, Inc. Second Quarter 2024 Financial Results Conference Call. Today's call, which is being recorded is scheduled to last about one hour, including remarks by B&G Foods Management and the question-and-answer session.

B&G Foods, Inc. (BGS) Q2 2024 Earnings Call Transcript

B&G Foods (BGS) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a year ago.

B&G Foods (BGS) Q2 Earnings Match Estimates

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) today announced financial results for the second quarter and first two quarters of 2024. Financial results for the second quarter and first two quarters of 2024 reflect the impact of the Green Giant U.S. shelf-stable divestiture during the fourth quarter of 2023. Summary     Second Quarter of 2024   First Two Quarters of 2024 (In millions, except per share data)       Change vs.       Change vs.     Amount   Q2 2023   Amount   F.

B&G Foods Reports Financial Results for Second Quarter 2024

B&G Foods' (BGS) Q2 results are likely to reflect the impacts of category-wide challenges across the food industry and high SG&A costs.

B&G Foods' (BGS) Q2 Earnings in the Cards: Factors to Watch

Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

B&G Foods (BGS) faces challenges in foodservice and slower recovery in net sales from retail customers, highlighting uncertain prospects in the near term.

B&G Foods (BGS) Stock Down 19% in 3 Months: How to Play Ahead?

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it intends to issue a press release with second quarter 2024 financial results after the market close on Tuesday, August 6, 2024. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer. The earnings press rel.

B&G Foods Announces Date of Second Quarter 2024 Earnings Conference Call

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has completed its previously announced tack-on offering of 8.000% senior secured notes due 2028 and credit agreement refinancing. Closing of Tack-on Offering of Senior Secured Notes On July 12, 2024, B&G Foods completed its offering of an additional $250.0 million aggregate principal amount of 8.000% senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 19.

B&G Foods Announces Closing of Tack-on Offering of Senior Secured Notes and Credit Agreement Refinancing

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The authority in all things pickle created the summer's must-have pickleball bag with an NYC leather legend NEW YORK , July 9, 2024 /PRNewswire/ -- B&G Foods, in collaboration with Made by Alex, announced today the exciting launch of the B&G ® Pickleball Bag x Made by Alex, a pickleball bag designed for handbag, pickle and pickleball enthusiasts alike. The B&G ® brand, originally known as Bloch & Guggenheimer ® , originated in the streets of New York City in 1889, and its pickles, peppers, relishes, olives, sauerkraut and other specialty items have set the standard for New York taste for more than 135 years.

B&G FOODS INTRODUCES THE B&G® PICKLEBALL BAG IN COLLABORATION WITH NYC DESIGNER, MADE BY ALEX

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PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today the pricing of an offering of an additional $250.0 million aggregate principal amount of 8.000% senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 1933, as amended. The new senior secured notes are being issued at a price of 100.5% plus accrued and unpaid interest from March 15, 2024 to, but excluding, the closing date. The offering, which has been upsized from the.

B&G Foods Announces Pricing and Upsizing of Tack-on Offering of Senior Secured Notes

News for B&G Foods Stock (BGS)