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 (BGS) provides investors and industry observers with essential updates through this centralized news hub. Track the latest developments from this leading packaged foods manufacturer, including earnings reports, product innovations, and strategic partnerships that shape its position in North American markets.
This resource aggregates official press releases and market analyses, offering a clear view of BGS's operational milestones. Users will find updates on brand expansions, manufacturing initiatives, and distribution network enhancements across the United States, Canada, and Puerto Rico.
Key coverage areas include quarterly financial results, acquisitions, sustainability efforts, and collaborations like the Four Sixes Ranch seasonings. The collection enables stakeholders to monitor BGS's performance in shelf-stable foods, frozen product lines, and emerging consumer trends.
Bookmark this page for streamlined access to verified B&G Foods developments. Combine regular visits with portfolio tracking tools for informed decision-making in the dynamic packaged foods sector.
B&G Foods (NYSE: BGS) will announce its first quarter 2023 financial results on Thursday, May 4, 2023, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. ET on the same day, hosted by Casey Keller, President and CEO, and Bruce Wacha, Executive VP and CFO. Investors can access the earnings press release and the live audio webcast via their investor relations webpage, where a replay will also be available.
B&G Foods operates in the U.S., Canada, and Puerto Rico, offering a diverse portfolio of over 50 well-known brands like B&M, Crisco, and Green Giant. The company focuses on manufacturing and distributing shelf-stable and frozen foods.
B&G Foods has launched the Girl Scout Thin Mints™ Seasoning Blend, a versatile seasoning made from dark cocoa, mint flavor, and cookie crumbles, replicating the popular Thin Mints cookie taste. The product is aimed at enhancing various meals and beverages, available nationwide at select retailers, with wider distribution expected in late spring 2023. Julie Gould, Senior Director of Brand Marketing, expresses excitement over the growing demand for flavored seasonings inspired by classic cookies. The seasoning can be used on desserts and drinks, making it a novel culinary addition.
B&G Foods reported a 9.0% increase in net sales for Q4 2022, totaling $623.2 million, driven by pricing and supply recovery. However, the company faced a net loss of $11.4 million for the fiscal year, with adjusted diluted EPS of $1.08, a decline of 42.6%. The company expects FY 2023 net sales between $2.13 billion and $2.17 billion and adjusted EBITDA of $310 million to $330 million. Factors affecting performance include inflationary costs and a 6.9% decrease in Green Giant sales. The overall outlook remains cautious as input costs and supply chain issues persist.
B&G Foods, Inc. (NYSE: BGS) has declared a quarterly cash dividend of
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