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. manufactures, sells and distributes branded shelf-stable and frozen foods in the United States, Canada and Puerto Rico. News about BGS centers on quarterly results, dividend declarations, portfolio changes and brand activity across products such as vegetables, cooking oils, cereals, sauces, spices, seasonings, broths and stocks.
The company’s updates also cover acquisitions and divestitures within its packaged-food portfolio, including the completed addition of the College Inn and Kitchen Basics broth and stock brands. Brand-level announcements include consumer marketing for names such as Ortega, while financial releases discuss sales trends, pricing, volume, adjusted EBITDA and cash-flow measures.
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
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.