B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2024
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) 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. Additional information concerning the tax treatment of dividends paid in 2024 is posted to the Investors section of B&G Foods' webs.
BGS Stock Troubled by a Volatile Consumer Landscape & Cost Woes
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: A High Dividend Play With Some 'Warts'
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.
BGS Stock Sinks 23% in 3 Months: Should You Buy, Hold or Fold?
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.
Ortega® Taps Schafer Condon Carter as New Agency of Record
SCC expands presence in CPG with brand building efforts for the Ortega® brand's wide portfolio of Mexican foods, including America's #1 taco sauce CHICAGO , Dec. 6, 2024 /PRNewswire/ -- Schafer Condon Carter (SCC), a Chicago-based independent creative agency, is proud to announce its new partnership with Ortega ®, a leading brand of Mexican food products including taco shells, taco kits, Mexican seasonings, peppers and the number-one-selling brand of taco sauce in the United States. This collaboration aims to elevate the Ortega ® brand's visibility and marks a significant step in SCC's expansion in the food and beverage sector, continuing SCC's legacy of crafting compelling campaigns for beloved brands.
B&G Foods Cuts View on Q3 Earnings Miss, Soft Consumption Trends
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. (BGS) Q3 2024 Earnings Call Transcript
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) Q3 Earnings and Revenues Miss Estimates
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.
B&G Foods Reports Financial Results for Third Quarter 2024
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) 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. Summary Third Quarter of 2024 First Three Quarters of 2024 (In millions, except per share data) Change vs. Change vs. Amount Q3 2023 Amount .
B&G Foods Gears Up for Q3 Earnings: Here's What You Should Know
BGS' Q3 results are likely to reflect the impacts of softness in Foodservice category and slower recovery in net sales to retail customers.
B&G Foods Declares Regular Quarterly Dividend
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) 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 January 30, 2025 to stockholders of record as of December 31, 2024. At the closing market price of the common stock on October 29, 2024, the current dividend rate represents an annualized yield of 8.6%. This is the 81st consecutive quarterly dividend declared by the Board of Di.
Is B&G Foods Stock a Buy or Hold at a P/E Multiple of 10.7X?
BGS is restructuring its portfolio via prudent buyouts and divestitures. The company is witnessing strong performance in its Spices & Flavor Solutions unit.
