BGS' Q4 results are likely to reflect the impacts of inflation and shifting consumer spending patterns.
B&G Foods is navigating a tough operating environment due to macroeconomic headwinds, such as food inflation and shifts in consumer spending patterns.
B&G Foods' stock has plummeted over 80% since 2016 due to stagnant Adj. EBITDA and mounting debt, leading to brand divestitures. The company's FY24 financial forecast has been revised downward three times, with net sales and Adj. EBITDA declining significantly. Despite a high dividend yield of 10.4%, B&G's high debt and low margins make it a risky but high-yielding (for now) investment.
While B&G Foods faces near-term headwinds, it appears well-placed for the long term, given its portfolio optimization efforts and focus on higher-margin units.
BGS Q3 results are impacted by lower unit volumes and the Green Giant U.S. shelf-stable divestiture, partly offset by better net pricing and product mix.
B&G Foods, Inc. (NYSE:BGS ) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants AJ Schwab - Senior Associate, Corporate Strategy & Business Development Kenneth Keller - President, CEO & Director Bruce Wacha - EVP, Finance & CFO Conference Call Participants Andrew Lazar - Barclays Michael Lavery - Piper Sandler Robert Rigby - Bank of America Robert Moskow - TD Cowen Hale Holden - Barclays David Palmer - Evercore ISI Karru Martinson - Jefferies Carla Casella - JPMorgan Operator Good day, and welcome to the B&G Foods Third Quarter 2024 Earnings Call. Today's call, which is being recorded is scheduled to last about 1 hour, including remarks by B&G Foods management and the question-and-answer session.
B&G Foods (BGS) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.27 per share a year ago.
BGS' Q3 results are likely to reflect the impacts of softness in Foodservice category and slower recovery in net sales to retail customers.
BGS is restructuring its portfolio via prudent buyouts and divestitures. The company is witnessing strong performance in its Spices & Flavor Solutions unit.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
B&G Foods' (BGS) second-quarter 2024 results reflect lower earnings and sales amid demand challenges in the consumer-packaged food space.
B&G Foods, Inc. (NYSE:BGS ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants AJ Schwab - Senior Associate, Corporate Strategy and Business Development Kenneth Keller - President, Chief Executive Officer and Director Bruce Wacha - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays William Reuter - Bank of America Rob Dickerson - Jefferies Karru Martinson - Jefferies Michael Lavery - Piper Sandler Carla Casella - JPMorgan David Palmer - Evercore ISI Robert Moskow - TD Cowen Operator Good day, and welcome to the B&G Foods, Inc. Second Quarter 2024 Financial Results Conference Call. Today's call, which is being recorded is scheduled to last about one hour, including remarks by B&G Foods Management and the question-and-answer session.