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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Investors need to pay close attention to B&G Foods (BGS) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in B&G Foods (BGS) Stock?

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

Why Is B&G Foods (BGS) Down 5.7% Since Last Earnings Report?

B&G Foods takes an opportunistic approach, buying smaller brands and castoffs from larger peers. The company's leverage, built up by its various acquisitions, resulted in a dividend cut in 2022.

2022 Wasn't All Bad for B&G Foods: 1 Key Positive Investors Should Watch

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B&G Foods cut its dividend because of heavy debt coupled with rising interest rates. The board's dividend cut was appropriate and gives the food maker some breathing room.

B&G Foods Is Down 50% From Its 52-Week High. Time to Buy?

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B&G Foods (BGS) is benefiting from its pricing action against rising costs across its portfolio. The company also gains from the focus on reshaping its portfolio.

B&G Foods (BGS) Banks on Pricing to Battle Cost Inflation

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B&G Foods' (BGS) fourth-quarter fiscal 2022 results reflect gains from pricing and a moderating inflationary environment. Both earnings and sales increase year over year.

B&G Foods (BGS) Gains Almost 15% on Q4 Earnings & Sales Beat

B&G Foods (BGS) delivered earnings and revenue surprises of 73.91% and 6.26%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

B&G Foods (BGS) Surpasses Q4 Earnings and Revenue Estimates

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) today announced financial results for the fourth quarter and full year 2022. Summary                               Fourth Quarter of 2022   Fiscal Year 2022 (In millions, except per share data)     Change vs.       Change vs.     Amount   Q4 2021   Amount   FY 2021 Net Sales   $ 623.2   9.0 %   $ 2,163.0     5.2   % Base Business Net Sales 1   $ 622.8   8.9 %   $ 2,160.8     5.2   % Diluted EPS   $ 0.34   nm %   $ (0.

B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2022

B&G Foods' (BGS) fourth-quarter results are likely to reflect the adverse impacts of increased cost inflation, while pricing efforts bode well.

B&G Foods (BGS) Readies for Q4 Earnings: Everything 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.

Analysts Estimate B&G Foods (BGS) to Report a Decline in Earnings: What to Look Out for

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PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) today explained the tax treatment for dividends paid in 2022 on the Company's common stock. Holders are urged to check their 2022 tax statements received from brokerage firms in order to ensure that the cash distribution information reported on such statements conforms to the information reported herein.

B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2022

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it intends to issue a press release with fourth quarter and fiscal year 2022 financial results after the market close on Tuesday, February 28, 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.

B&G Foods Announces Date of Fourth Quarter and Fiscal Year 2022 Earnings Conference Call

PARSIPPANY, N.J.--( BUSINESS WIRE )--B&G Foods announced today it is voluntarily recalling three cases (18 individual boxes) of a single date code of 6.4 oz. Back to Nature Fudge Mint Cookies, with a “best by” date of OCT 02 2023, after being notified that an ingredient supplied by a third-party ingredient supplier was contaminated with peanut, an allergen not declared on the cookie box label. People who have an allergy or severe sensitivity to peanut run the risk of serious or life-threatening allergic reaction if they consume the cookies contained in the three recalled cases.

B&G Foods Issues Voluntary Allergy Alert for Undeclared Peanut in Three Cases of Back to Nature® Fudge Mint Cookies

This unique food company just cut its dividend. Is it time to consider buying it now that management has done the deed?

B&G Foods Is Down 60% From Its High. Time to Buy?

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B&G Foods (BGS) sells the Back to Nature brand to Barilla America. Management expects to use the sale proceeds for long-term debt repayment, among others.

B&G Foods (BGS) Refines Portfolio With Back to Nature Sale

News for B&G Foods Stock (BGS)