B&G Foods, Inc.
- Open
- 4.06
- Day high
- 4.13
- Day low
- 3.98
- Prev close
- 3.98
- Volume
- 784K
- Mkt cap
- $332M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.8
- P/S
- 0.2
- Yield
- 16.28%
- Per share
- $0.67
B&G Foods, Inc. (BGS) is a Consumer Defensive company listed on NYSE. The stock is down 10% over the past year.
B&G Foods, Inc. (BGS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BGS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 12, 2026 | $0.08 | $0.08 | +0.0% | $409M | +2.5% |
| Mar 3, 2026 | $0.28 | $0.28 | +0.0% | $540M | +31.2% |
| Nov 5, 2025 | $0.11 | $0.15 | +36.4% | $439M | -18.3% |
| May 7, 2025 | $0.14 | $0.04 | -71.4% | $425M | -2.4% |
| Feb 27, 2024 | $0.28 | $0.30 | +7.1% | $578M | +1.2% |
| Aug 3, 2023 | $0.09 | $0.15 | +66.7% | $470M | -10.8% |
| May 4, 2023 | $0.26 | $0.27 | +3.8% | $512M | -3.0% |
| Feb 28, 2023 | $0.22 | $0.40 | +81.8% | $623M | +6.7% |
| Nov 9, 2022 | $0.31 | $0.31 | +0.0% | $528M | -1.1% |
| Aug 4, 2022 | $0.27 | $0.07 | -74.1% | $479M | -0.7% |
| May 5, 2022 | $0.39 | $0.34 | -12.8% | $532M | +3.9% |
| Mar 1, 2022 | $0.42 | $0.39 | -7.1% | $572M | -3.2% |
BGS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 3, 2026 | MARCY CHARLES Fdirector | Grant | 26,915 | — |
| Jun 3, 2026 | Mills Robert Ddirector | Grant | 26,915 | — |
| Jun 3, 2026 | Brunts DeAnn Ldirector | Grant | 26,915 | — |
| Jun 3, 2026 | Chase Debra Mdirector | Grant | 26,915 | — |
| Jun 3, 2026 | Mullen Dennis Mdirector | Grant | 26,915 | — |
| Jun 3, 2026 | SHERRILL STEPHENdirector | Grant | 26,915 | — |
| Jun 3, 2026 | Palmer Cheryl Mdirector | Grant | 26,915 | — |
| Jun 3, 2026 | POE ALFREDdirector | Grant | 26,915 | — |
| Jun 3, 2026 | SHERRILL STEPHENdirector | Grant | 189,111 | $3.99 |
| Jun 3, 2026 | Wenner David Ldirector | Grant | 26,915 | — |
| Apr 9, 2026 | Schum Ellen Mofficer: EVP & PRES OF SPECIALTY | Grant | 10,886 | — |
| Apr 9, 2026 | Schum Ellen Mofficer: EVP & PRES OF SPECIALTY | Tax | 3,729 | $5.18 |
| Mar 27, 2026 | Adasczik Michaelofficer: VP, CHIEF ACCOUNTING OFFICER | Grant | 14,991 | — |
| Mar 27, 2026 | Ozgopoyan John A.officer: EVP of Sales | Grant | 37,571 | — |
| Mar 27, 2026 | Vogel Andrew Dofficer: EVP, PRESIDENT OF MEALS | Tax | 6,490 | $5.11 |
Source: BGS SEC Form 4 filings, latest Jun 3, 2026. For informational purposes only — not investment advice.
See the full BGS insider & 13F page →B&G Foods, Inc. company profile
Overview
B&G Foods, Inc. (NYSE:BGS) is a manufacturer and distributor of shelf-stable and frozen foods and household products founded in 1822 and headquartered in Parsippany, New Jersey. The company went public in 2007 and has built its business through acquisitions of established food brands, creating a portfolio of over 50 consumer brands sold across the United States, Canada, and Puerto Rico. B&G Foods operates as a consolidator in the packaged foods industry, focusing on brands with strong consumer recognition and stable market positions in categories like spices, cooking oils, frozen vegetables, and specialty food products.
Business
B&G Foods operates in the packaged foods industry, specifically focusing on shelf-stable and frozen food products along with select household items. The company's business model centers on owning and marketing a diverse portfolio of established consumer brands rather than developing new products from scratch. The company organizes its operations into four main business segments: 1. Spices & Flavor Solutions (approximately 20% of revenue): This segment includes spice and seasoning brands like Tone's, Spice Islands, Durkee, and Ac'cent. These products are used by consumers for cooking and food preparation, representing ingredients that enhance flavor in home cooking. 2. Specialty (approximately 40% of revenue): This is the largest segment, encompassing baking staples and cooking essentials including Crisco cooking oils and shortening, Clabber Girl baking powder, Cream of Wheat hot cereal, and various syrups and molasses under brands like Brer Rabbit and Vermont Maid. 3. Meals (approximately 25% of revenue): This segment focuses on complete meal solutions and Mexican food products, primarily featuring the Ortega brand of taco shells, salsas, and Mexican-style sauces, along with other meal-oriented products. 4. Frozen & Vegetables (approximately 15% of revenue): This segment includes the Green Giant frozen and canned vegetable brands, representing the company's presence in the frozen foods aisle and canned goods categories. The packaged foods industry serves consumers seeking convenient, long-lasting food products that can be stored at room temperature or in freezers. These products typically have extended shelf lives and serve as pantry staples for home cooking and meal preparation.
Revenue model
B&G Foods generates revenue primarily through product sales to retailers, foodservice operators, and distributors. The company sells its products through multiple channels including supermarket chains, mass merchants like Walmart, warehouse clubs such as Costco, foodservice outlets, and specialty distributors. The company's revenue model depends on several key factors: Volume and Pricing Dynamics: B&G Foods must balance product pricing with volume sales, as higher prices can lead to reduced consumer demand. The company has implemented multiple pricing actions in recent years to offset significant input cost inflation, particularly in commodities like vegetable oils and packaging materials. Trade Spending and Promotions: A significant portion of the company's marketing budget goes toward trade promotions and retailer support, which directly impacts gross margins. The company must carefully manage promotional spending to maintain competitive positioning while preserving profitability. Input Cost Management: Margins are heavily influenced by commodity costs, particularly for ingredients like vegetable oils, grains, and packaging materials. The company faces ongoing pressure from inflation in these key inputs, which can significantly impact profitability if not offset through pricing actions. Retailer Inventory Management: B&G Foods' sales are affected by retailer inventory management practices. When retailers reduce inventory levels, as occurred recently, it directly impacts the company's shipment volumes and revenue recognition. Consumer Behavior Shifts: The company's performance is tied to consumer preferences for center-store packaged foods versus fresh perimeter products, home cooking trends, and economic conditions affecting food purchasing decisions. Economic pressures can lead consumers to trade down to private label alternatives, impacting branded product sales. Foodservice Recovery: The foodservice channel, which includes restaurants and institutional customers, represents a meaningful portion of sales that has been recovering from pandemic-related disruptions but remains below historical levels.
Competitive moat
B&G Foods operates with a moderate competitive moat based primarily on brand recognition and distribution relationships, though this moat faces ongoing challenges from private label competition and changing consumer preferences. The company's primary competitive advantages include established brand equity in categories where consumers demonstrate loyalty to familiar names like Crisco, Green Giant, and Ortega. These brands have decades of market presence and consumer recognition, providing some protection against new entrants. Additionally, B&G Foods benefits from extensive retail distribution relationships and shelf space allocation that would be difficult for new competitors to replicate quickly. However, the company's moat is under pressure from several directions. Private label competition has intensified as retailers develop their own branded alternatives, particularly in commodity-like categories such as cooking oils and frozen vegetables. Economic pressures on consumers have accelerated the shift toward lower-priced private label options, eroding market share for branded products. The company also faces challenges from changing consumer preferences toward fresh, organic, and less processed foods, which particularly impacts center-store packaged goods. Additionally, the low barriers to entry in food manufacturing mean that new competitors can enter specific categories relatively easily, especially with contract manufacturing capabilities. Scale disadvantages relative to larger food companies like General Mills or ConAgra limit B&G Foods' negotiating power with both suppliers and retailers. The company's smaller size also constrains its ability to invest heavily in marketing and innovation compared to larger competitors. The company's strategic review of its Frozen & Vegetables business unit, including potential divestiture of Green Giant assets, suggests management recognizes that some of its portfolio may not provide sustainable competitive advantages in today's market environment.
Risks & safety
B&G Foods presents moderate to high financial risk due to elevated debt levels and recent operational challenges, though the company maintains adequate liquidity. Debt and Leverage Concerns: - Debt-to-equity ratio of 4.0x indicates high leverage - Management targeting leverage reduction below 5.5x through divestitures - Interest coverage appears manageable but constrained by EBITDA performance Liquidity Position: - Cash and short-term investments: $61.2 million (Q1 2025) - Current ratio of 3.3x indicates strong short-term liquidity - Free cash flow of $42.4 million in Q1 2025 shows positive cash generation Valuation Metrics: - EV/EBITDA of 10.7x appears reasonable for the industry - Price-to-book ratio of 1.0x suggests trading near book value - Recent stock price decline reflects market concerns about operational performance Other Considerations: - Negative EBITDA in Q4 2024 due to impairment charges raises concerns about asset values - Portfolio reshaping strategy may provide debt reduction opportunities - Consumer staples nature of products provides some demand stability during economic downturns
Recent development
Over the past several years, B&G Foods has undergone significant strategic transformation focused on portfolio optimization and operational efficiency. The company has been actively reshaping its business through strategic divestitures, selling non-core assets including the Back to Nature brand and Green Giant U.S. canned vegetable business to focus resources on higher-margin, faster-growing categories. Organizational Restructuring: Management reorganized the company into four distinct business units - Spices & Flavor Solutions, Specialty, Meals, and Frozen & Vegetables - to improve operational focus and accountability. This structure has enabled more targeted investment and strategic decision-making for each category. Strategic Portfolio Review: The company is conducting a comprehensive strategic review of its Frozen & Vegetables business unit, including potential divestiture of Green Giant frozen and canned vegetable assets. Management has indicated this business may not align with B&G Foods' core capabilities and strategic focus, representing approximately 15% of total revenue. Debt Reduction Initiative: A key strategic priority has been reducing leverage below 5.5x through a combination of divestitures and excess cash flow generation. The company has successfully reduced net debt by over $210 million through recent asset sales and operational improvements. Operational Excellence Programs: B&G Foods has implemented cost reduction initiatives targeting $10 million in savings for 2025, focusing on operational efficiency and overhead reduction. The company has also improved customer service levels to 97% fill rates and reduced inventory by $79 million to optimize working capital. Innovation and Brand Investment: While maintaining its focus on established brands, the company has concentrated innovation efforts on key growth platforms including Spices & Flavor Solutions, Ortega Mexican foods, and Crisco cooking products, seeking to drive organic growth within its core categories.
BGS company profile · for informational purposes only — not investment advice.
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