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 that effective today it has completed the sale of the Back to Nature brand to BA Brussels, LLC, a subsidiary of Barilla America, Inc.

B&G Foods Completes Sale of Back to Nature

B&G Foods (BGS) has been battling major cost hurdles. Management anticipates significant cost inflation for inputs, such as ingredients, packaging, labor and transportation.

B&G Foods (BGS) Down More Than 50% in 6 Months: Here's Why

B&G Foods, Inc. has had an aggressive brand expansion strategy leading to a huge intake of long-term debt on high variable interest rate loans. B&G's consistent and generous dividend program overshadowed the company's weakening performance and growing debt intake.

B&G Foods: Tough Uphill Battle In Unfavorable Market Conditions

B&G Foods (BGS) inks a deal to sell its Back to Nature brand to Barilla America. The divestiture is expected to be concluded in the first quarter of 2023.

B&G Foods' (BGS) Sale of Back to Nature to Enhance Structure

PARSIPPANY, N.J.--( BUSINESS WIRE )--B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to sell the Back to Nature brand to Barilla America.

B&G Foods to Sell Back to Nature to Barilla America

The packaged food company finally addressed its increasingly precarious financial condition.

Why B&G Foods Tumbled 19% in November

Another prognosticator gets more bearish on the company's prospects.

Why B&G Foods Stock Tasted Stale Today

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Fidelity National Financial

BGS, FNF and AIZ have been added to the Zacks Rank #5 (Strong Sell) List on November 23, 2022.

New Strong Sell Stocks for November 23rd

PARSIPPANY, N.J.--( BUSINESS WIRE )--B&G Foods, Inc. (NYSE: BGS) announced today a philanthropic partnership with America's Grow-a-Row (AGAR), a not-for-profit organization that grows and gleans fresh, healthy fruits and vegetables that are donated to those suffering from hunger or living in areas that lack reliable access to fresh, affordable produce. In 2023, B&G Foods will donate $250,000 to AGAR, which will result in the planting, growing, harvesting and distribution of 1.25 million servings of fresh produce to communities in need across the United States.

B&G Foods to Partner with America's Grow-a-Row to Provide Over 1 Million Servings of Fresh Produce to Those in Need

This unique food maker's stock fell out of favor, for good reason. After a dividend cut, is the risk worth taking here?

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

B&G Foods' (BGS) mixed Q3 results reflect positive impacts of strong demand and pricing gains amid higher input and transportation costs, and supply-chain headwinds.

B&G Foods (BGS) Q3 Earnings in Line With Estimates, Sales Miss

B&G Foods, Inc. (NYSE:BGS ) Q3 2022 Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants Sarah Jarolem – Senior Director of Corporate Strategy & Business Development Casey Keller – President, Chief Executive Officer and Director Bruce Wacha – Executive Vice President-Finance and Chief Financial Officer Conference Call Participants Andrew Lazar – Barclays Capital Carla Casella – JPMorgan Chase Hale Holden – Barclays Capital Karru Martinson – Jefferies William Reuter – Bank of America Eric Larson – Seaport Research Partners Ken Zaslow – Bank of Montreal Robert Moskow – Credit Suisse Operator Good day, and welcome to the B&G Foods Third Quarter 2022 Earnings 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) Q3 2022 Earnings Call Transcript

B&G Foods (BGS) delivered earnings and revenue surprises of 0% and 0.55%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

B&G Foods (BGS) Meets Q3 Earnings Estimates

B&G Foods Reports Financial Results for Third Quarter 2022

B&G Foods Declares Quarterly Dividend

B&G Foods' (BGS) third-quarter fiscal 2022 results are likely to reflect cost inflation for inputs like ingredients, packaging, labor and transportation, while favorable demand is likely to have been a driver.

B&G Foods' (BGS) Q3 Earnings Upcoming: Key Factors to Note

B&G Foods Announces Date of Third Quarter 2022 Earnings Conference Call

Increasing revenues but shrinking margins. The dividend has more than doubled since 2012, but free cash flow has never reached a continuity to support the issuance of such a high dividend from 2017 onward.

B&G Foods: 12% Dividend Yield Is A Trap

B&G Foods (BGS) has been battling cost inflation for a while now, which is likely to persist in 2022. Though pricing and favorable demand are upsides, inflation-related woes cannot be ignored.

B&G Foods (BGS) Battles Cost Inflation, Banks on Pricing

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced that effective today it has hired Andrew Vogel as Executive Vice President and President of Meals. As a member of B&G Foods' executive leadership team, Mr. Vogel will report directly to Casey Keller, President and Chief Executive Officer. As previously announced, B&G Foods is transitioning to a business unit structure and has formed four business units to establish clear focus and expectations and to drive orga

B&G Foods Appoints Andrew Vogel as Executive Vice President and President of Meals

B&G Foods (BGS) expects to keep seeing significant cost inflation for inputs, such as ingredients, packaging, labor and transportation.

B&G Foods (BGS) Looks Troubled: High Input Cost a Key Concern

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An 8% Bond Opportunity In Consumer Staples: B&G Foods

B&G Foods has a model that takes notable risks and passes on big dividends to shareholders. That can be good or bad.

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