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 Q1 2021

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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.

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.

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PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has founded the B&G Foods Scholarship at The Culinary Institute of America (CIA) to support individuals from diverse backgrounds in their pursuits of culinary careers. With a goal of making culinary education and employment more accessible to all, the B&G Foods Scholarship will award five $10,000 grants to eligible students at the CIA each year with a total commitment of $1,000,000 in scholarships

B&G Foods Announces New Diversity Scholarship Program at The Culinary Institute of America

B&G Foods (BGS) is gaining on higher online sales. The company is actively pursuing strategic acquisitions to boost growth.

B&G Foods (BGS) Poised on E-commerce Growth, Prudent Buyouts

B&G has had significant COVID-19-related revenue growth in 2020. While some of that growth will be reversed, the additional revenue from its acquisition of Crisco should ensure growth in 2021.

Consider B&G Foods For Income, Not Capital Appreciation

B&G Foods has seen a tumultuous 2020 after the company was dealing with high leverage and base sales declines heading into the pandemic. The pandemic was a life savior, but rather than bolstering the balance sheet, the company has jacked up leverage (again).

B&G Foods: Continued Leverage Story

The company is carrying a large amount of debt, which will slow down future growth.

B&G Foods: Great Business, But Too Much Debt

B&G Foods' (BGS) retail business is benefiting from high pandemic-led at home consumption. However, rising expenses associated with COVID-19 as well as cost inflation are a concern.

Pandemic-Led Demand Aids B&G Foods (BGS), Higher Costs Hurt

B&G Foods (BGS) reported earnings 30 days ago. What's next for the stock?

B&G Foods (BGS) Up 17.4% Since Last Earnings Report: Can It Continue?

Shares of the packaged-foods company pulled back after yesterday's pop.

Why B&G Foods Stock Was Sliding Today

B&G Foods (BGS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

B&G Foods (BGS) Stock Jumps 13%: Will It Continue to Soar?

A security breach at a major food company appears to be boosting food stocks like B&G Foods today.

Why B&G Foods Stock Jumped Today

B&G Foods (BGS) first-quarter fiscal 2021 results reflect higher earnings and sales on contribution from Crisco acquisition as well as persistent strength in base business net sales.

B&G Foods (BGS) Q1 Earnings Miss Estimates, Sales Rise Y/Y

B&G Foods, Inc.'s (BGS) CEO David Wenner on Q1 2021 Results - Earnings Call Transcript

Shares of B&G Foods (NYSE:BGS) decreased in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 13.04% year over year to $0.52, which missed the estimate of $0.56.

B&G Foods: Q1 Earnings Insights

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has appointed Kenneth C. “Casey” Keller, age 59, as its next President and Chief Executive Officer, effective June 14, 2021. Mr. Keller will succeed B&G Foods' Interim President and Chief Executive Officer, David L. Wenner, who will remain a director of the Company and will work closely with Mr. Keller to ensure a seamless transition. Mr. Keller will also be elected to B&G Foods' Board of Director

B&G Foods Selects Kenneth C. “Casey” Keller as its Next President and CEO

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) today announced financial results for the first quarter of 2021. Executive Summary (vs. First Quarter of 2020 where applicable): Net sales increased 12.4% to $505.1 million, driven by the Crisco acquisition and continued strong base business net sales Diluted earnings per share decreased 6.8% to $0.41 Adjusted diluted earnings per share1 increased 13.0% to $0.52 Net income decreased 4.3% to $26.9 million Adjusted net income1 inc

B&G Foods Reports Strong Net Sales for First Quarter 2021

B&G Foods' (BGS) first-quarter numbers are likely to reflect gains from higher demand conditions amid the pandemic.

B&G Foods (BGS) to Post Q1 Earnings: What Awaits the Stock?

PARSIPPANY, N.J., April 28, 2021 /PRNewswire/ -- B&G Foods announced today expanded retail availability of Cinnamon Toast Crunch™ Cinnadust™ Seasoning Blend, the first official seasoning blend to capture the essence of the beloved cinnamon flavored cereal.

Cinnamon Toast Crunch™ Cinnadust™ Seasoning Blend Now Available At Supermarkets Nationwide

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it intends to issue a press release with first quarter 2021 financial results after the market close on Tuesday, May 11, 2021. 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 David L. Wenner, Interim President and Chief Executive Officer and Bruce C. Wacha, Executive Vice President of Finance and Chief Financial Officer. The earning

B&G Foods Announces Date of First Quarter 2021 Earnings Conference Call

B&G Foods (BGS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

B&G Foods (BGS) Earnings Expected to Grow: What to Know Ahead of Q1 Release

BGS has the highest short float of all dividend stocks, at ~27%. It's up 61% over the past year and 10% in 2021, and yields 6.25%.

B&G Foods: 6% Yield, Big Short Float, Acquisitions Should Aid 2021 Sales

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Why Is B&G Foods (BGS) Up 10.1% Since Last Earnings Report?

B&G Foods (BGS) has been incurring high SG&A expenses, alongside witnessing high costs associated with COVID-19 and input cost inflation.

B&G Foods (BGS) Troubled by High SG&A Expenses & Input Costs

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Trailing double-digit revenue growth? Check. Off 30% to 45% from recent highs?

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PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has authorized an extension of the Company's stock repurchase program through March 15, 2022. Under the authorization, the Company may purchase up to $50 million of shares of the Company's common stock from time to time in the open market or in privately negotiated transactions in compliance with the applicable rules and regulations of the Securities and Exchange Commission. The timing

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