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.
Stay informed about the latest developments affecting B&G Foods, Inc., a major packaged foods manufacturer with a portfolio of more than 50 brands distributed throughout North America. News coverage includes corporate announcements, strategic initiatives, brand acquisitions and divestitures, product launches, manufacturing updates, distribution agreements, and financial performance updates that impact the company's operations and market position.
B&G Foods actively manages its brand portfolio through both acquisitions and strategic divestitures, making corporate development news particularly relevant for understanding the company's evolving strategic direction. Announcements regarding brand acquisitions provide insight into the company's growth strategy and category expansion priorities, while divestiture news reflects portfolio optimization efforts and resource allocation decisions.
Product innovation news highlights new product launches, line extensions, reformulations, and packaging updates across the company's diverse brand portfolio. These developments demonstrate how B&G Foods adapts its established brands to changing consumer preferences, health trends, and market demands while maintaining the heritage and quality associated with each brand.
Manufacturing and supply chain news covers facility investments, production capacity changes, operational efficiency initiatives, and supply chain developments that affect the company's ability to produce and distribute products efficiently. This news provides context for understanding how B&G Foods maintains its competitive position in the cost-sensitive packaged foods industry.
Distribution and retail partnership announcements highlight new customer relationships, expanded product placement in existing retail channels, e-commerce developments, and other initiatives that affect product availability and market reach. Given that retail grocery represents the primary sales channel, news regarding major retailer relationships carries particular significance.
Financial news includes quarterly earnings releases, guidance updates, debt management actions, dividend announcements, and other financial developments. This coverage helps stakeholders understand the company's financial health, operational performance across different brand categories, and management's outlook for future performance.
Leadership and organizational news covers executive appointments, organizational structure changes, and strategic planning announcements that provide insight into the company's direction and priorities. Industry trend analysis and competitive developments also provide context for understanding the broader packaged foods landscape in which B&G Foods operates.
B&G Foods declared a quarterly cash dividend of $0.475 per share, payable on November 1, 2021, to shareholders of record as of September 30, 2021. This dividend represents an annualized yield of 6.6% based on the stock's closing price on August 3, 2021. Notably, this marks the 68th consecutive quarterly dividend since the company's IPO in October 2004, reflecting a strong commitment to returning value to shareholders.
B&G Foods, Inc. (NYSE: BGS) will release its second quarter 2021 financial results on August 5, 2021, after market close. The company has scheduled a conference call at 4:30 p.m. ET on the same day, hosted by CEO Casey Keller and CFO Bruce Wacha, to discuss the results. Interested parties can access the earnings press release and a live audio webcast of the call on their investor relations website. A replay will be available afterward.
B&G Foods (NYSE: BGS) has declared a quarterly cash dividend of $0.475 per share, payable on July 30, 2021 to shareholders of record as of June 30, 2021. This announcement marks the 67th consecutive quarterly dividend since its IPO in October 2004. At the closing market price on May 18, 2021, the dividend yields an annualized rate of 6.5%, demonstrating the company's commitment to returning value to shareholders.
B&G Foods has appointed Kenneth C. "Casey" Keller as President and CEO, effective June 14, 2021. Keller succeeds David L. Wenner, who will remain on the Board of Directors. Keller, previously CEO of JDE Peet’s NV, has extensive experience in the food and beverage sector, having led significant mergers and expansions. His appointment aims to enhance B&G Foods' growth strategy, with a focus on organic and acquisition growth, along with corporate social responsibility initiatives. Keller expressed enthusiasm for joining B&G Foods and enhancing stakeholder value.
B&G Foods reported a 12.4% increase in net sales to $505.1 million for Q1 2021 due to the Crisco acquisition, despite a 6.8% decline in diluted earnings per share to $0.41. Adjusted diluted earnings per share rose 13.0% to $0.52, and adjusted net income climbed 16.7% to $34.1 million. However, base business sales were nearly flat, indicating challenges against high prior year comparisons. The company reaffirmed its full-year guidance of $2.05 billion to $2.10 billion in net sales, despite anticipated ongoing cost inflation.
B&G Foods has expanded the retail availability of the Cinnamon Toast Crunch™ Cinnadust™ Seasoning Blend, which gained popularity after its successful launch in club stores in September 2020. Now available nationwide in over 4,300 grocery stores, the seasoning blend comes in two new sizes: 3.5oz ($2.99) and 6.5oz ($4.99), alongside the original 13.75oz bottle. This versatile seasoning captures the essence of the beloved cereal and can be used in various culinary applications.
B&G Foods, Inc. (NYSE: BGS) will release its first quarter 2021 financial results after market close on May 11, 2021. A conference call to discuss these results is set for 4:30 p.m. ET on the same day, hosted by Interim President and CEO David L. Wenner and Executive VP of Finance Bruce C. Wacha. The earnings press release and live audio webcast can be accessed via the investor relations section on the company’s website.
B&G Foods, Inc. (NYSE: BGS) has extended its stock repurchase program until March 15, 2022, allowing up to $50 million for share buybacks. The company will determine when and how much to repurchase based on market conditions and available cash. Currently, B&G Foods has 64,724,058 shares outstanding. Any shares repurchased will be retired, potentially enhancing shareholder value by reducing share count and improving EPS. This move reflects management's confidence in the company's financial position and its commitment to returning value to shareholders.
B&G Foods reported strong financial results for Q4 and full year 2020, driven by high product demand amid the COVID-19 pandemic.
Q4 net sales rose 8.5% to $510.2 million, while full year sales increased 18.5% to $1.97 billion. Diluted EPS for Q4 was $0.19, a rise of 18.8%, and for the full year, EPS surged 74.4% to $2.04. Adjusted EBITDA for Q4 reached $73.3 million, up 5.6%. The acquisition of Crisco on December 1, 2020, contributed significantly to sales and is expected to enhance future earnings.
B&G Foods, Inc. (NYSE: BGS) announced a quarterly cash dividend of $0.475 per share, payable on April 30, 2021, to shareholders on record by March 31, 2021. This dividend yields 6.2% based on the closing market price on March 1, 2021. The declaration marks the 66th consecutive quarterly dividend since the company's IPO in October 2004, reflecting its commitment to returning value to shareholders.
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