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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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

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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B&G Foods' (BGS) third-quarter fiscal 2023 results reflect the impacts of lower unit volumes, whereas the moderation of input cost inflation aids. Management lowers sales and EPS guidance for fiscal 2023.

B&G Foods (BGS) Cuts View Despite Q3 Earnings Beat: What's More?

B&G Foods, Inc. (NYSE:BGS ) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants AJ Schwabe - Associate and Corporate Strategy Investor development Casey Keller - President, Chief Executive Officer and Director Bruce Wacha - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Michael Lavery - Piper Sandler Robert Rigby - Bank of America Hale Holden - Barclays Rob Dickerson - Jefferies Karru Martinson - Jefferies David Palmer - Evercore ISI Operator Good day and welcome to the B&G Foods Third Quarter 2023 Earnings Call. Today's call, which is being recorded, is scheduled to last about 1 hour included remarks by B&G Foods management and the question-and-answer session.

B&G Foods, Inc. (BGS) Q3 2023 Earnings Call Transcript

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) today announced financial results for the third quarter and first three quarters of 2023. Summary                           Third Quarter of 2023   First Three Quarters of 2023 (In millions, except per share data)     Change vs.       Change vs.     Amount   Q3 2022   Amount   First 3Q 2022 Net Sales   $ 502.7     (4.9 )%   $ 1,484.2     (3.6 )% Base Business Net Sales 1   $ 502.7     (3.0 )%   $ 1,483.7     (1.4 )% Diluted EPS.

B&G Foods Reports Financial Results for Third Quarter 2023

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has sold its Green Giant U.S. shelf-stable vegetable product line to Seneca Foods Corporation. In connection with the sale, B&G Foods, which will retain ownership of the Green Giant trademarks, will license the Green Giant brand name to Seneca Foods. The sale does not include Green Giant frozen, Green Giant Canada or the Le Sueur brand. “Our decision to sell the U.S. shelf-stable product line of the G.

B&G Foods Sells Green Giant U.S. Shelf-Stable Product Line to Seneca Foods Corporation

B&G Foods' (BGS) third-quarter fiscal 2023 performance will likely reflect the impact of rising SG&A costs and inflationary headwinds. Also, lower volumes are a concern for the company.

B&G Foods (BGS) Queued for Q3 Earnings: Things to Note

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.

Earnings Preview: B&G Foods (BGS) Q3 Earnings Expected to Decline

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it intends to issue a press release with third quarter 2023 financial results after the market close on Wednesday, November 8, 2023. 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.

B&G Foods Announces Date of Third Quarter 2023 Earnings Conference Call

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BGS, MS and MED have been added to the Zacks Rank #5 (Strong Sell) List on October 12, 2023.

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B&G Foods' (BGS) efficient pricing protects margins amid an inflationary environment. However, the company is struggling with lower volume.

Pricing Actions Aid B&G Foods (BGS), Lower Volumes Ail

Piper Sandler lowered its rating on B&G Foods stock to underweight from neutral with an $8 price target. The firm cited weaker-than-expected U.S. retail sales data, the impact of divestments, dilution, and higher interest expenses.

Why B&G Foods Stock Plunged Today

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PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has completed its previously announced offering of $550.0 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 senior secured notes are guaranteed on a senior secured basis by certain domestic subsidiaries of B&G Foods (that guarantee B&G Foods' existing senior secured credit agreement.

B&G Foods Closes $550.0 Million Private Offering of Senior Secured Notes

B&G Foods' (BGS) focus on reshaping its portfolio is evident from its focus on making prudent buyouts and divestitures. Efficient pricing is shielding margins.

B&G Foods (BGS) on Track With Pricing Efforts Amid Inflation

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B&G Foods is pushing some debt out a few years but at a higher interest rate. The stock has languished over the long term and its new debt deal doesn't improve its ability to create shareholder value.

Why B&G Foods Stock Dropped Today

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today the pricing of an offering of $550.0 million aggregate principal amount of 8.00% senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 1933, as amended. The senior secured notes are being issued at a price of 99.502%. The offering, which has been upsized from the previously announced aggregate principal amount of $500.0 million, is expected to close on September 26, 2.

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

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today its intention to offer, subject to market and other conditions, $500.0 million aggregate principal amount of senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 1933, as amended. The senior secured notes will be guaranteed on a senior secured basis by certain domestic subsidiaries of B&G Foods (that guarantee B&G Foods' existing senior secured credit agreeme.

B&G Foods Announces Proposed Offering of $500 Million of Senior Secured Notes

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B&G Foods' (BGS) pricing actions have been catching up with higher costs. The company has a successful track record of acquisition-led growth.

B&G Foods (BGS) Gains on Pricing Actions & Prudent Buyouts

B&G Foods Partners with Sazerac Company to Release New Line of Weber® Seasoning Blends PARSIPPANY, N.J. , Aug. 17, 2023 /PRNewswire/ -- B&G Foods announced today the exciting launch of three new Weber® Seasoning Blends inspired by the flavors of some of Sazerac Company's most popular spirits, including Fireball™ Cinnamon Whisky, Buffalo Trace™ Bourbon and Southern Comfort™ Whiskey.

Flavors From the Bar to the Grill: Fireball™, Buffalo Trace™ and Southern Comfort™-Inspired Seasonings Set to Launch This Month

B&G Foods, Inc. (NYSE:BGS ) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET Company Participants Michael Bauer - Director, Corporate Strategy and Business Development Casey Keller - President, Chief Executive Officer and Director Bruce Wacha - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Michael Lavery - Piper Sandler Nik Modi - RBC Capital Markets Hale Holden - Barclays David Palmer - Evercore ISI Robert Moskow - Cowen Operator Good day, ladies and gentlemen, and welcome to the B&G Foods, Inc. Second Quarter 2020 Financial Results Conference Call. Today's call, which is being recorded, is scheduled to last about 1 hour included remarks by B&G Foods management and the question-and-answer session.

B&G Foods, Inc. (BGS) Q2 2023 Earnings Call Transcript

B&G Foods (BGS) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.07 per share a year ago.

B&G Foods (BGS) Surpasses Q2 Earnings and Revenue 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 2023. Summary     Second Quarter of 2023   First Two Quarters of 2023 (In millions, except per share data)     Change vs.       Change vs.     Amount   Q2 2022   Amount   First 2Q 2022 Net Sales   $ 469.6   (1.9 ) %   $ 981.5   (3.0 ) % Base Business Net Sales 1   $ 469.5   0.1   %   $ 980.9   (0.6 ) % Diluted EPS   $ 0.15   nm   %   $ 0.19   (44.

B&G Foods Reports Financial Results for Second Quarter 2023

News for B&G Foods Stock (BGS)