B & G Foods Stock Price, News & Analysis

B&G Foods, Inc. (NYSE: BGS) is a packaged food manufacturer in the manufacturing sector, with activities that include fruit and vegetable canning and other shelf‑stable and frozen food products. Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute branded foods across the United States, Canada and Puerto Rico.

According to company disclosures, B&G Foods focuses on high‑quality, branded shelf‑stable and frozen foods. The company’s products include frozen and canned vegetables, cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces and wine vinegar. These products are sold primarily under well‑known consumer brands.

Brand portfolio and key product categories

B&G Foods reports that it has a diverse portfolio of more than 50 brands. Brands referenced in company and third‑party descriptions include:

• Legacy B&G brands: B&G, B&M.
• Meal and breakfast brands: Cream of Wheat, Cream of Rice, Bear Creek Country Kitchens, Maple Grove Farms, McCann’s.
• Baking and pantry brands: Crisco, Baker’s Joy, Cary’s, Grandma’s Molasses, Brer Rabbit, Clabber Girl.
• Snacks and meal components: New York Style, Mama Mary’s, Devonsheer, TrueNorth, bagel chips.
• Mexican and sauce brands: Ortega, Las Palmas, Victoria, Don Pepino (prior to divestiture), Polaner.
• Spices and flavor brands: Dash, Spice Islands, Weber, Ac’cent, Durkee, Tone’s, Trappey’s, Wright’s, Static Guard, Regina.
• Vegetable and frozen brands: Green Giant, Le Sueur (in the United States prior to its sale), and other frozen and vegetable products.

The company organizes its operations into business units that reflect these categories. In its financial reporting, B&G Foods describes four business segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions. The Specialty segment includes brands such as Crisco, Clabber Girl, Bear Creek, Polaner, Underwood, B&G, Grandma’s, New York Style, B&M, Baker’s Joy, Regina, TrueNorth, Static Guard, SugarTwin and Brer Rabbit. The Meals segment includes brands such as Ortega, Maple Grove Farms, Cream of Wheat, Las Palmas, Victoria, Mama Mary’s, Spring Tree, McCann’s, Carey’s and Vermont Maid. The Frozen & Vegetables segment has included the Green Giant and Le Sueur brands, and the Spices & Flavor Solutions segment includes Dash, Spice Islands, Weber, Ac’cent, Tone’s, Trappey’s, Durkee and Wright’s.

Geographic footprint and distribution

B&G Foods states that it manufactures, sells and distributes its branded shelf‑stable and frozen foods across the United States, Canada and Puerto Rico. Its products are positioned as pantry staples for consumers preparing meals at home, and many of its brands have long histories in North American grocery channels.

Corporate actions and portfolio reshaping

B&G Foods uses acquisitions and divestitures to reshape its portfolio. The company has disclosed an agreement to sell the Green Giant and Le Sieur frozen and shelf‑stable vegetable product lines in Canada to Nortera Foods, subject to regulatory approval in Canada and customary closing conditions. B&G Foods previously divested the Green Giant U.S. shelf‑stable vegetable product line to Seneca Foods in November 2023 and the Le Sueur U.S. shelf‑stable vegetable brand to McCall Farms in August 2025. These transactions are described by the company as part of efforts to divest brands and product lines that are non‑core to its long‑term strategy, sharpen its focus and reduce long‑term debt.

On the acquisition side, B&G Foods has announced that it entered into 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, for a cash purchase price subject to adjustments and assumption of certain liabilities. B&G Foods was the winning bidder for this broth and stock business in a competitive auction process conducted in connection with Del Monte Foods Corporation II Inc.’s Chapter 11 bankruptcy proceedings. The closing of this acquisition is subject to Bankruptcy Court approval, customary closing conditions and the simultaneous closing of other bankruptcy sales unrelated to B&G Foods or the broth and stock business. The company has stated that it intends to fund the acquisition and related fees and expenses with cash on hand, including cash from divestitures, and revolving loans under its existing credit facility.

Capital structure, credit facilities and dividends

B&G Foods is incorporated in Delaware and its common stock trades on the New York Stock Exchange under the symbol BGS, as reflected in its SEC filings. The company has reported that it maintains an amended and restated credit agreement with a revolving credit facility. An amendment dated July 1, 2025 reduced the revolving credit commitments and modified the consolidated leverage ratio financial maintenance covenant, setting maximum consolidated leverage ratios for specified test periods. The amendment also further restricts the amount of cash that may be used for certain restricted debt payments, investments and restricted payments, including dividends, based on leverage ratio thresholds.

The company has disclosed that it uses its revolving credit facility and other long‑term debt, including senior notes, as part of its capital structure. For example, B&G Foods has reported repurchases of portions of its 5.25% senior notes due 2027 in open market purchases at a discount to principal amount, resulting in gains on extinguishment of debt. These actions are part of the company’s broader focus on managing leverage and long‑term obligations.

B&G Foods has also reported that its Board of Directors declared a regular quarterly cash dividend on its common stock. The company notes that this dividend represented the 85th consecutive quarterly dividend declared since its initial public offering in October 2004. The company has indicated that it intends to use proceeds from certain divestitures for general corporate purposes, including the repayment of long‑term debt and the purchase of assets useful in its business, and to pay taxes, fees and expenses related to the sales.

Financial reporting and non‑GAAP measures

In its earnings releases and related Form 8‑K filings, B&G Foods provides financial information for its business segments and uses non‑GAAP financial measures such as adjusted EBITDA, adjusted net income and adjusted diluted earnings per share. The company defines EBITDA as net income (loss) before net interest expense, income taxes, depreciation and amortization, and adjusted EBITDA as EBITDA adjusted for acquisition/divestiture‑related expenses, gains and losses, gains and losses on extinguishment of debt, impairment charges, non‑recurring expenses and other items described in its SEC filings and earnings releases. The company states that these non‑GAAP measures are intended to provide additional insight into its performance but should not be considered in isolation or as a substitute for GAAP measures.

B&G Foods’ segment disclosures describe how net sales, adjusted expenses and adjusted EBITDA vary across its Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions segments. The company attributes changes in segment net sales and profitability to factors such as volume changes, net pricing and product mix, raw material costs, foreign currency impacts, and acquisition/divestiture‑related and non‑recurring expenses.

Risk factors and forward‑looking statements

In its press releases, B&G Foods includes extensive cautionary language regarding forward‑looking statements. The company notes that statements related to acquisitions, divestitures, expected financial impacts, leverage, cost trends, consumer demand, supply chain conditions, regulatory developments, tax legislation, access to credit markets, and other topics involve known and unknown risks and uncertainties. It identifies factors that may affect actual results, including leverage levels, compliance with debt covenants, international trade disputes and tariffs, rising commodity and labor costs, competition, changes in consumer preferences, supply chain disruptions, pandemics or disease outbreaks, the ability to recruit and retain personnel, success or failure of acquisitions and divestitures, cybersecurity risks, environmental regulations, adoption of new technologies, and other risks affecting the food industry.

B&G Foods emphasizes that non‑GAAP financial measures may differ from similarly titled measures used by other companies and that forward‑looking non‑GAAP guidance is not reconciled to GAAP due to the inherent difficulty in forecasting certain adjustments. Investors are directed in the company’s disclosures to consider these limitations when evaluating its financial information and strategic announcements.

Summary

Overall, B&G Foods, Inc. is described in its public disclosures as a branded food manufacturer with a portfolio of shelf‑stable and frozen products distributed across North America. Its business model centers on managing a collection of established consumer brands across multiple categories, organized into Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions segments. The company actively manages its brand portfolio through acquisitions and divestitures, uses non‑GAAP measures to discuss performance, and operates with a leveraged capital structure governed by detailed credit agreement covenants.