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. (NYSE: BGS), based in Parsippany, New Jersey, is a prominent American manufacturer and distributor of a diverse range of high-quality, branded shelf-stable and frozen foods. The company's products are recognized across the United States, Canada, and Puerto Rico, catering to a broad spectrum of consumer tastes and preferences.
B&G Foods' extensive portfolio includes well-known brands such as Ac’cent, B&G, B&M, Baker’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emeril’s, Grandma’s Molasses, J.J. Flats, Joan of Arc, Las Palmas, MacDonald’s, Mama Mary’s, Maple Grove Farms, Molly McButter, Mrs. Dash, New York Flatbreads, New York Style, Old London, Original Tings, Ortega, Pirate’s Booty, Polaner, Red Devil, Regina, Rickland Orchards, Sa-són, Sclafani, Smart Puffs, Spring Tree, Sugar Twin, Trappey’s, TrueNorth, Underwood, Vermont Maid, and Wright’s. Additionally, B&G Foods markets the household product brand, Static Guard.
In recent news, B&G Foods announced a significant partnership with the historic Four Sixes (6666) Ranch to introduce a new line of Four Sixes™ Seasonings, BBQ & Hot Sauces. This collaboration aims to bring the authentic flavors of the iconic 154-year-old ranch in Guthrie, Texas, to home cooks nationwide. The new product line, crafted with historical recipes from the ranch, is set to include over a dozen varieties of seasoning blends, BBQ sauces, and hot sauces. This venture highlights B&G Foods' commitment to delivering authentic and high-quality flavor solutions to its customers.
The company's financial condition remains robust, supported by its diversified product offerings and strategic partnerships. B&G Foods continues to focus on expanding its market presence and enhancing its brand portfolio to meet the evolving needs of consumers. For individuals seeking employment opportunities, B&G Foods provides career options at B&G Foods Careers.
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.
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