B & G Foods Inc Stock Price, News & Analysis

B&G Foods (NYSE: BGS) has announced the sale of its Le Sueur brand of premium vegetables to McCall Farms. The sale encompasses Le Sueur's premium sweet peas, green beans, and carrots product lines in the United States, while excluding the Le Sieur brand operations in Canada.

The company plans to use the proceeds for general corporate purposes, including debt reduction, asset purchases, and transaction-related expenses. CEO Casey Keller highlighted that this divestiture aligns with B&G Foods' strategy to reshape its portfolio, focus on core brands, and reduce long-term debt. Financial terms of the transaction were not disclosed.

B&G Foods (NYSE: BGS) has declared its 84th consecutive quarterly dividend of $0.19 per share of common stock. The dividend will be paid on October 27, 2025 to stockholders of record as of September 30, 2025. Based on the closing price on July 29, 2025, this represents an annualized yield of 17.9%. The company has maintained consistent quarterly dividend payments since its IPO in October 2004.

B&G Foods (NYSE: BGS) has scheduled its second quarter 2025 earnings release and conference call for Monday, August 4, 2025. The company will release its financial results after market close, followed by a conference call at 4:30 p.m. ET.

The call will be hosted by President and CEO Casey Keller and EVP of Finance and CFO Bruce Wacha. Investors can access both the earnings release and live audio webcast through the company's investor relations website at www.bgfoods.com/investor-relations, where a replay will also be available after the call.

B&G Foods (NYSE: BGS) has announced a significant amendment to its senior secured credit facility, implementing temporary changes to its financial covenants and credit structure. The key modifications include increasing the maximum consolidated leverage ratio from 7.00x to 7.50x through October 2026, and reducing the revolving credit facility from $475.0 million to $430.0 million.

The company also disclosed the repurchase of $20.7 million of its 5.25% senior notes due 2027 during Q2 2025 at an average discounted price of 89.98%. As of June 28, 2025, $529.3 million of these notes remained outstanding, while $235.0 million in revolving credit loans were outstanding.

Management attributes these changes to challenging conditions in the packaged foods industry, working capital requirements, and tariff uncertainties. The company continues its portfolio optimization through non-core brand divestitures, including the recently announced sale of Don Pepino and Sclafani brands, while focusing on debt reduction and cost management initiatives.

B&G Foods (NYSE: BGS) has announced the sale of its Don Pepino and Sclafani brands to Violet Foods LLC, a portfolio company of Amphora Equity Partners LLC. The transaction includes the brands' pizza and spaghetti sauces, crushed tomatoes, tomato puree, whole peeled tomatoes, and the Williamstown, New Jersey manufacturing facility where these products are produced.

The divestiture aligns with B&G Foods' strategic initiatives to reshape its portfolio, focus on core brands, and reduce long-term debt. The company plans to use the net proceeds from the sale for debt repayment. BofA Securities served as the financial advisor for the transaction, though specific financial terms were not disclosed.

B&G Foods (NYSE: BGS) has announced a regular quarterly cash dividend of $0.19 per share of common stock. The dividend will be paid on July 30, 2025, to stockholders of record as of June 30, 2025. Based on the closing market price on May 13, 2025, this dividend represents an annualized yield of 17.7%. This marks the company's 83rd consecutive quarterly dividend since its IPO in October 2004.

B&G Foods (NYSE: BGS) reported challenging Q1 2025 financial results, with net sales declining 10.5% to $425.4 million compared to Q1 2024. The company posted net income of $0.8 million ($0.01 per diluted share), while adjusted EBITDA decreased 21.2% to $59.1 million. The decline was attributed to retailer inventory reductions and Easter timing shift. All segments experienced decreased sales, with Specialty segment down 13.1%, Meals segment down 11.6%, Frozen & Vegetables down 11.2%, and Spices & Flavor Solutions down 4%. In response, B&G Foods revised its FY2025 guidance, projecting net sales of $1.86-1.91 billion, adjusted EBITDA of $280-290 million, and adjusted EPS of $0.55-0.65. Management is focusing on improving core business sales, portfolio reshaping, and leverage reduction through divestitures.

B&G Foods (NYSE: BGS) has scheduled its first quarter 2025 earnings release and conference call for Wednesday, May 7, 2025. The company will release its financial results after market close, followed by a conference call at 4:30 p.m. ET. The call will be hosted by President and CEO Casey Keller and EVP of Finance and CFO Bruce Wacha. Investors can access both the earnings release and live audio webcast through the company's investor relations website at www.bgfoods.com/investor-relations, where a replay will also be available after the call.

B&G Foods (NYSE: BGS) reported Q4 2024 financial results showing a 4.6% decrease in net sales to $551.6 million, primarily due to the Green Giant U.S. shelf-stable divestiture and decreased unit volume. The company posted a net loss of $222.4 million ($2.81 per share) in Q4, largely due to $320.0 million in pre-tax, non-cash impairment charges.

For full-year 2024, net sales decreased 6.3% to $1,932.5 million, with a net loss of $251.3 million ($3.18 per share). The company's adjusted EBITDA for 2024 was $295.4 million, down 7.1% from 2023.

Looking ahead, B&G Foods provided 2025 guidance projecting:

• Net sales of $1.890-1.950 billion
• Adjusted EBITDA of $290.0-300.0 million
• Adjusted diluted EPS of $0.65-0.75

Management expects soft trends in H1 2025 with improvement in H2 as they lap consumer purchasing changes following high inflation.