B&G Foods Holdings is a prominent food manufacturing and distribution company that specializes in producing a wide range of packaged foods and consumer products
The company offers a diverse portfolio of well-known brands across various categories including snacks, frozen foods, and sauces, catering to both retail and food service markets. B&G Foods focuses on innovation, quality, and sustainability in its product offerings, aiming to meet the evolving tastes and preferences of consumers. With a commitment to operational excellence, the company actively seeks acquisitions to expand its brand portfolio and enhance its market presence.
Extreme high-yielders seem appealing on the surface, but dangers lurk underneath the surface which could jeopardize the dividend payouts in the future.
Packaged foods company B&G Foods (NYSEBGS) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 4.6% year on year to $551.6 million. The company expects the full year’s revenue to be around $1.92 billion, close to analysts’ estimates. Its non-GAAP profit of $0.31 per share was in line with analysts’ consensus estimates.
B&G Foods, Inc. (NYSEBGS) today announced financial results for the fourth quarter and full year 2024. Financial results for the fourth quarter and full year 2024 reflect the impact of the Green Giant U.S. shelf-stable divestiture during the fourth quarter of 2023.
B&G Foods, Inc. (NYSEBGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.19 per share of common stock. The dividend is payable on April 30, 2025 to stockholders of record as of March 31, 2025.
B&G Foods, Inc. (NYSEBGS) today explained the tax treatment for dividends paid in 2024 on the Company’s common stock. Holders are urged to check their 2024 tax statements received from brokerage firms to ensure that the cash distribution information reported on such statements conforms to the information reported herein.
High dividend stocks are naturally appealing on the surface, due to their high dividend yields. But income investors need to make sure they do not fall into a dividend ‘trap’.
B&G Foods, Inc. (NYSEBGS) announced today that it intends to issue a press release with fourth quarter and fiscal 2024 financial results after the market close on Tuesday, February 25, 2025. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer.
Looking back on shelf-stable food stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including B&G Foods (NYSEBGS) and its peers.
B&G Foods has gotten torched over the last six months - since June 2024, its stock price has dropped 29.7% to $6.74 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Shareholders of B&G Foods would probably like to forget the past six months even happened. The stock dropped 26.5% and now trades at $6.75. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Shares of packaged foods company B&G Foods (NYSEBGS)
fell 19.4% in the afternoon session after the company reported underwhelming third-quarter earnings. Its sales and earnings missed Wall Street's estimates. Given the poor results, it lowered its full-year revenue and EPS guidance, suggesting the weaknesses recorded during the quarter might persist as management called out a slower-than-expected recovery in sales trends. While the weak trends partly explain the declining volumes during the quarter, the sale of the Green Giant U.S. shelf-stable product line also had a negative impact. Overall, this was a weaker quarter.
Packaged foods company B&G Foods (NYSEBGS) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 8.3% year on year to $461.1 million. The company’s full-year revenue guidance of $1.94 billion at the midpoint came in slightly below analysts’ estimates. Its non-GAAP profit of $0.13 per share was also 34.5% below analysts’ consensus estimates.
B&G Foods, Inc. (NYSEBGS) today announced financial results for the third quarter and first three quarters of 2024. Financial results for the third quarter and first three quarters of 2024 reflect the impact of the Green Giant U.S. shelf‑stable divestiture during the fourth quarter of 2023.
