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 (NYSE: BGS) has declared a regular quarterly cash dividend of $0.19 per share of common stock. The dividend will be payable on April 30, 2025 to stockholders of record as of March 31, 2025. Based on the closing market price of the common stock on February 24, 2025, this dividend rate represents an annualized yield of 11.3%. This marks the 82nd consecutive quarterly dividend declared by the Board of Directors since B&G Foods' initial public offering in October 2004.
B&G Foods (NYSE: BGS) has released details about the tax treatment of common stock dividends paid in 2024. The company distributed a total of $0.76 per share across four quarterly payments of $0.19 each. Notably, all distributions will be treated as a return of capital with no portion being treated as a taxable dividend.
According to U.S. federal income tax laws, the return of capital portion should reduce shareholders' tax basis in their common stock up to their adjusted basis, with any excess treated as capital gains. The dividends were paid on January 30, April 30, July 30, and October 30, 2024.
B&G Foods (NYSE: BGS) has announced it will release its fourth quarter and fiscal 2024 financial results after market close on Tuesday, February 25, 2025. The company will host a conference call at 4:30 p.m. ET on the same day, featuring President and CEO Casey Keller and CFO Bruce Wacha. Investors can access both the earnings release and live audio webcast through the company's investor relations website, where a replay will also be available after the call.
Dash™, America's leading salt-free seasoning brand, has announced a partnership with Peloton instructor Hannah Corbin. The collaboration, beginning in January 2025, will feature Corbin creating recipes and social media content that showcase Dash™ seasonings as a customizable salt-free flavoring option.
Corbin will develop content featuring Dash™'s popular varieties including Garlic & Herb, Lemon Pepper, Extra Spicy, and Everything But The Salt. The partnership aims to demonstrate how consumers can maintain flavorful meals while controlling their salt intake. Marketing Director Ike Kim highlighted that the collaboration aligns with consumers' individual wellness journeys, offering a way to enhance meals without compromising on taste.
Ortega, a leading Mexican food brand owned by B&G Foods (NYSE: BGS), has appointed Schafer Condon Carter (SCC) as its new agency of record. SCC will lead creative efforts and develop a refreshed media plan for Ortega's product line, including America's #1 taco sauce, taco shells, kits, seasonings, and peppers. The partnership aims to enhance brand visibility and engage in-aisle Mexican food consumers through innovative marketing approaches.
The collaboration represents SCC's expansion in the food and beverage sector, following their recent appointment as Agency of Record for the U.S. Highbush Blueberry Council. The agency plans to create fresh campaigns that connect with both loyal customers and new consumers while highlighting Ortega's position as the market leader in taco sauce.
B&G Foods (NYSE: BGS) reported Q3 2024 financial results showing net sales decreased 8.3% to $461.1 million. The company posted net income of $7.5 million ($0.09 per diluted share), compared to a net loss of $82.7 million in Q3 2023. Adjusted EBITDA decreased 12.5% to $70.4 million. The company revised its fiscal 2024 guidance, projecting net sales of $1.920-1.950 billion, adjusted EBITDA of $295-305 million, and adjusted diluted EPS of $0.67-0.77. Results reflect slower recovery in sales trends and the impact of the Green Giant U.S. shelf-stable divestiture.
B&G Foods (NYSE: BGS) has announced a quarterly cash dividend of $0.19 per share of common stock. The dividend will be paid on January 30, 2025, to stockholders of record as of December 31, 2024. Based on the closing market price on October 29, 2024, this represents an annualized yield of 8.6%. This marks the company's 81st consecutive quarterly dividend since its IPO in October 2004.
B&G Foods (NYSE: BGS) announced it will release its third quarter 2024 financial results after market close on Tuesday, November 5, 2024. The company will host a conference call at 4:30 p.m. ET on the same day, featuring President and CEO Casey Keller and CFO Bruce Wacha. Investors can access the earnings release and live audio webcast through the company's investor relations website, where a replay will also be available after the call.
B&G Foods (NYSE: BGS) has announced the full redemption of its remaining $265,392,000 5.25% senior notes due 2025. The redemption will occur on October 9, 2024, at a cash price of 100% of the principal amount plus accrued and unpaid interest. The company plans to finance this redemption using revolving loans from its existing credit facility and cash on hand. After the redemption date, interest on the notes will cease to accrue, and noteholders' only remaining right will be to receive the redemption payment. The Bank of New York Mellon Trust Company, N.A., the trustee for the notes, will send redemption notices to registered holders.
B&G Foods (NYSE: BGS) has announced its participation in the Barclays Global Consumer Staples Conference on September 4, 2024, in Boston, MA. The company will engage in a fireside chat starting at 11:15 a.m. Eastern Time. Investors and interested parties can access a live webcast of the session through the investor relations section of B&G Foods' website at www.bgfoods.com/investor-relations. For those unable to attend live, a replay of the webcast will be made available after the event concludes.
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