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, Inc. (NYSE: BGS) announced a $250,000 donation to America’s Grow-a-Row, a nonprofit that provides fresh produce to those in need. This funding will enable the organization to plant, grow, and distribute 1.25 million servings of fresh fruits and vegetables across the U.S. in 2023. The partnership highlights B&G Foods' commitment to food security, local community support, and diversity in the culinary arts. Employees will also have the opportunity to volunteer in harvesting, creating a direct connection to the donation efforts.
B&G Foods reported a 2.6% increase in net sales for Q3 2022, totaling $528.4 million, driven by higher net pricing and an improved product mix. However, the company faced a net loss of $59.6 million or $0.83 per diluted share, significantly down from net income of $20.7 million in Q3 2021. Adjusted EBITDA fell 16.6% to $80.2 million. Despite these challenges, B&G reaffirmed its full-year net sales guidance at $2.10 billion to $2.14 billion, but revised adjusted EBITDA guidance to $290 million to $300 million due to ongoing inflation and supply chain issues.
B&G Foods (NYSE: BGS) announced a quarterly cash dividend of $0.19 per share, payable on January 30, 2023, to stockholders of record as of December 30, 2022. This establishes a new annual dividend rate of $0.76, reflecting a 5.0% annualized yield based on the closing stock price on November 8, 2022. This marks the company’s 73rd consecutive quarterly dividend since its IPO in October 2004. The CEO emphasized the sustainability of the new dividend rate while retaining excess cash for debt repayment and other needs.
B&G Foods, Inc. (NYSE: BGS) plans to release its Q3 2022 financial results on November 9, 2022, after market close. A conference call to discuss the 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 of Finance and CFO. Investors can access the earnings release and live audio webcast at www.bgfoods.com/investor-relations. A replay will be available post-call.
B&G Foods, Inc. (NYSE: BGS) has appointed Andrew Vogel as Executive Vice President and President of Meals, effective immediately. Mr. Vogel will report to Casey Keller, CEO, and his role includes driving organic and acquisition growth in the Meals unit, which contributes 22% to the company’s net sales. B&G Foods is transitioning to a business unit structure to enhance focus and growth opportunities. Vogel has extensive experience in P&L, operations, and strategy within the food industry.
B&G Foods, Inc. (NYSE: BGS) will participate in the Barclays Global Consumer Staples Conference on September 8, 2022, at 9:45 a.m. Eastern Time, in Boston, MA. Investors can listen to a live webcast of the fireside chat via the investor relations section of B&G Foods' website. A replay will be available after the event. B&G Foods, headquartered in Parsippany, New Jersey, offers a diverse portfolio of over 50 well-known food brands across the U.S., Canada, and Puerto Rico.
B&G Foods reported Q2 2022 net sales of $479.0 million, a 3.1% increase year-over-year, primarily driven by net pricing and product mix. However, diluted EPS fell to $0.00, a 100% decline from Q2 2021. Adjusted net income also dropped by 81% to $5.1 million, reflecting challenges from inflation and supply chain issues. The company reaffirmed its full-year sales guidance at $2.10 billion to $2.14 billion but revised adjusted EBITDA expectations downward to $300-$320 million. Overall, B&G faces continued inflation pressures despite improving sales.
B&G Foods, Inc. (NYSE: BGS) has declared a regular quarterly cash dividend of $0.475 per share, to be paid on October 31, 2022 to shareholders of record as of September 30, 2022. This dividend represents a 7.6% annualized yield based on the market price as of August 1, 2022. This marks the 72nd consecutive quarterly dividend since the company's IPO in October 2004.
B&G Foods has launched a new culinary product, the SNICKERS™ Shakers Seasoning Blend, designed to replicate the iconic flavors of the SNICKERS® chocolate bar. This product will be available in stores nationwide starting August 2022, following the successful TWIX™ Shakers Seasoning Blend introduced in 2021. The seasoning is crafted to enhance various dishes, including ice cream and yogurt, allowing consumers to enjoy the taste of their favorite chocolate treat in new culinary ways. The partnership with Mars underscores B&G's commitment to innovative product development.
B&G Foods, Inc. (NYSE: BGS) plans to release its second quarter 2022 financial results after market close on August 4, 2022. The company will hold a conference call at 4:30 p.m. ET the same day to discuss these results. CEO Casey Keller and CFO Bruce Wacha will host the call. Investors can access the earnings press release and the conference call via the investor relations section of the B&G Foods website. This announcement signals B&G Foods' commitment to transparency and engagement with its shareholders.
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