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) announced plans to amend and extend the maturity date of its existing tranche B term facility under its senior secured credit facility. The company intends to upsize the tranche B term loans to refinance the existing ones and repay part of its existing revolving loans. Additionally, B&G Foods plans to reduce the size of the revolver capacity and extend the maturity date of its revolving credit facility. The refinancing depends on the completion of definitive agreements and customary closing conditions, subject to market conditions. There is no guarantee that the refinancing will occur or under specific terms.
B&G Foods (NYSE: BGS) announced a regular quarterly cash dividend of $0.19 per share.
The dividend is payable on July 30, 2024, to stockholders of record as of June 28, 2024. The current dividend rate represents an annualized yield of 7.9% at the closing market price on May 21, 2024.
This marks the 79th consecutive quarterly dividend declared by B&G Foods since its IPO in October 2004.
B&G Foods announced a partnership with Four Sixes Ranch to introduce Four Sixes™ Seasonings, BBQ & Hot Sauces, bringing Texas ranch-inspired flavors to homes across America. The line includes over a dozen Seasoning Blends & Packets, BBQ Sauces, and Hot Sauce varieties, available for online shipping and in select grocery stores. The products are based on the historic recipes of the 154-year-old iconic ranch in Guthrie, Texas, known for its cattle and horse ranching heritage.
B&G Foods, Inc. reported financial results for Q1 2024, impacted by the Green Giant U.S. shelf‑stable divestiture. Net sales decreased 7.1%, with adjusted diluted EPS down 33.3% and net loss of $40.2 million. The company revised full-year guidance: net sales $1.955B-$1.985B, adjusted EBITDA $300M-$320M, and adjusted diluted EPS $0.75-$0.95.
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