Welcome to our dedicated page for B & G Foods news (Ticker: BGS), a resource for investors and traders seeking the latest updates and insights on B & G Foods stock.
B&G Foods, Inc. (NYSE: BGS) is a Parsippany, New Jersey based packaged food manufacturer that regularly issues news on its branded shelf‑stable and frozen food portfolio, financial performance and corporate transactions. The company manufactures, sells and distributes branded foods across the United States, Canada and Puerto Rico, and its announcements often reference well‑known brands such as B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria.
News about B&G Foods commonly includes earnings releases and segment results, where the company discusses net sales, base business net sales, adjusted EBITDA and other financial metrics for its Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions segments. These updates are typically furnished to the Securities and Exchange Commission via Form 8‑K and accompanied by detailed commentary on factors such as volume, pricing, product mix, raw material costs, foreign currency impacts and impairment charges.
Investors following BGS news can also expect transaction‑related announcements. B&G Foods has reported divestitures such as the sale of the Le Sueur U.S. shelf‑stable vegetable brand to McCall Farms and an agreement to sell the Green Giant and Le Sieur frozen and shelf‑stable vegetable product lines in Canada to Nortera Foods. It has also announced an agreement to acquire the broth and stock business of Del Monte Foods Corporation II Inc. and its affiliates, including the College Inn and Kitchen Basics brands, subject to Bankruptcy Court approval and other conditions.
Additional news items include updates on capital structure and credit agreements, such as amendments to its revolving credit facility and repurchases of senior notes, as well as dividend declarations and executive appointments. For example, the company has highlighted its long history of consecutive quarterly dividends since its initial public offering and has announced changes in executive leadership roles. Monitoring this news stream helps readers understand how B&G Foods manages its brand portfolio, finances and strategic direction over time.
B&G Foods, Inc. (NYSE: BGS) has declared a quarterly cash dividend of $0.475 per share, payable on May 2, 2022, to shareholders of record as of March 31, 2022. This dividend signifies the 70th consecutive quarterly dividend since its IPO in October 2004. The current dividend rate reflects an annualized yield of 6.4% based on the market price as of February 28, 2022.
B&G Foods (NYSE: BGS) detailed the tax treatment for its 2021 dividends, distributing a total of
B&G Foods, Inc. (NYSE: BGS) plans to release its fourth quarter and fiscal year 2021 financial results on March 1, 2022, after market close. A conference call with CEO Casey Keller and CFO Bruce Wacha will follow at 4:30 p.m. ET to discuss these results. The earnings press release and live audio of the call will be accessible via the investor relations website. B&G Foods is known for its extensive portfolio of over 50 branded food products distributed across the U.S., Canada, and Puerto Rico.
B&G Foods, owner of the Ortega brand, announced a partnership with St. Jude Children's Research Hospital to feature patient artwork on limited-edition Yellow Corn Taco Shells packaging. Since 2016, B&G has donated $2.4 million to St. Jude, including $700,000 in 2021 and an additional $350,000 in 2022. The initiative aims to promote awareness for childhood cancer and support St. Jude's mission. The featured art comes from a St. Jude patient, Victoria, who has undergone treatment for cancer. This partnership continues to enhance B&G's brand connection with meaningful social causes.
Green Giant has launched a unique campaign for Thanksgiving, transforming classic side dishes, green bean and corn casseroles, into ugly holiday sweaters. From November 10 to 17, consumers can enter a sweepstakes to win one of hundreds of limited-edition sweaters. In conjunction with this campaign, the brand will donate $1 to No Kid Hungry for each social media post using #PasstheCasserole, aiming for a total contribution between $25,000 and $50,000. The initiative emphasizes the brand's support for ending childhood hunger.
B&G Foods reported a 3.9% increase in net sales for Q3 2021, reaching $515.0 million, driven by the Crisco acquisition. Compared to Q3 2020, diluted earnings per share decreased 55.6% to $0.32, and net income fell 55.7% to $20.7 million. Adjusted EBITDA decreased 8.1% to $96.2 million. Additionally, base business net sales declined 10.5%. The company reaffirmed its full-year net sales guidance at $2.05 billion to $2.10 billion, with adjusted EBITDA guidance set at $358.0 million to $365.0 million.
B&G Foods, Inc. (NYSE: BGS) has announced a quarterly cash dividend of $0.475 per share, payable on January 31, 2022 to shareholders of record as of December 31, 2021. This dividend reflects an annualized yield of 6.1% based on the market price as of November 2, 2021. This marks the 69th consecutive quarterly dividend declared since the company's IPO in October 2004.
B&G Foods, Inc. (NYSE: BGS) will release its third quarter 2021 financial results on November 4, 2021, after market close. A conference call to discuss the results will be held at 4:30 p.m. ET, hosted by President and CEO Casey Keller and CFO Bruce Wacha. Investors can access the earnings release and live webcast through the company’s investor relations website. B&G Foods is recognized for its diverse portfolio of over 50 brands, including Green Giant and Crisco, serving customers across the U.S., Canada, and Puerto Rico.
Ortega, a leading brand under B&G Foods, has launched Mini Taco Slider Shells, designed for versatile taco experiences suitable for various occasions, from game days to family dinners. Each box contains 18 mini shells, now available at Walmart nationwide. This launch follows other recent innovations, including Ortega Street Taco Crockpot Seasoning Mixes and Sauces. The product aims to cater to the growing trend of customizable meals, enhancing consumer taco experiences with smaller, mix-and-match options.
B&G Foods is recalling 3,867 cases of Tone’s Taco Seasoning Blend with best by dates of SEPT 03 24 and SEPT 06 24 due to undeclared wheat, posing a risk for those with allergies. Incorrect labeling on some containers, which led to this recall, has not been linked to any allergic reactions. Consumers can return the product for a refund or dispose of it. The recall affects only specific UPCs and best by dates.
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