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

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

Earnings data Q4 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.

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Apple

AbbVie

AGNC Investment

Antero Midstream Partners

Apple Hospitality REIT

Ares Capital

Apollo Commercial Real Estate Finance

Broadcom

Boeing

Alibaba

Bank of America

BASF SE

Brookfield Renewable Partners

Bank of Montreal

Bayerische Motoren Werke AG

Bank of Nova Scotia

BRT Apartments

Blackstone Group

Colgate-Palmolive

Canadian Imperial Bank of Commerce

Cisco Systems

The S&P500 delivered a strong year-end rally, gaining 4.5% in December and 26.3% for the year.

My Dividend Stock Portfolio: New December Dividend Record - 98 Holdings With 18 Buys

B&G Foods (BGS) is reaping benefits from continued margin recovery on the back of pricing actions. The company has a successful track record of acquisition-led growth.

B&G Foods' (BGS) Strategies Position it Well for Growth in 2024

Big 5 Sporting Goods

FAT Brands

Guess?

Icahn Enterprises

Kronos Worldwide

Medifast

As the markets soar higher following the Federal Reserve's latest decision on interest rates, now may be a great time to jettison any dividend stocks to sell from your portfolio. While stocks overall could continue to perform strongly, company-specific factors can result in poor or even negative returns with many high-yield but low-quality dividend plays.

7 Dividend Stocks I Wouldn't Touch With a 10-Foot Pole

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

Why Is B&G Foods (BGS) Up 16.9% Since Last Earnings Report?

B&G Foods (BGS) is reaping benefits from continued margin recovery on the back of pricing actions undertaken to counter inflationary costs through pricing and productivity efforts.

Effective Pricing Actions Aid B&G Foods (BGS) Amid High Costs

CVS Health

Dominion Energy

Diversified Healthcare Trust

Disney

S&P 500 and Dow Jones dropped for the third straight month in October, just before staging a remarkable reversal in November. Interest rates were kept steady again in a range of 5.25% to 5.5%, and it is uncertain if 2023 will see yet another hike. Net investments of around $1,800 in October, primarily targeting the financial sector and high-yielding BDCs.

My Dividend Stock Portfolio: New October Dividend Record - 98 Holdings With 23 Buys

Bristol-Myers

Verizon

With risk omnipresent in the market and more reason than 1 to fear a recession, value, yield, and beta are more critical for successful investing than ever. If nothing else, volatility should be expected until early Q2 2024, and those stocks trading at elevated valuations stand to lose the most.

High-yield, low-beta value plays for buy-and-hold investors

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

Allianz SE

My Dividend Stock Portfolio: New September Dividend Record - 98 Holdings With 22 Buys

AMC Networks

Mattel

Retail spending was up 0.7% month over month in September, and bar and restaurant sales jumped 2.3%. Consumer spending is on the rise ahead of the holiday season, and despite rising levels of credit card debt.

Why Mattel, AMC Networks, and B&G Foods Stocks Jumped Tuesday

Morgan Stanley

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

New Strong Sell Stocks for October 12th

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

Diageo

Keurig Dr Pepper Inc

Pilgrim's Pride

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.

Top 4 Defensive Stocks That Could Lead To Your Biggest Gains In October - B&G Foods (NYSE:BGS), Diageo (NYSE:DEO)

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

Amazon

Carnival

Bill.com

Clorox

Salesforce

Intuit

Microsoft

Planet Fitness

Royal Caribbean Cruises

SentinelOne

Splunk

Here are some of the tickers on my radar for Tuesday, Sept. 19 taken directly from my reporter's notebook.

Here are the 13 stocks Jim Cramer is watching, including Amazon, Apple, Carnival

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

News for B&G Foods Stock (BGS)