B&G Foods (BGS)
Market Price (3/18/2026): $5.1 | Market Cap: $408.0 MilSector: Consumer Staples | Industry: Packaged Foods & Meats
B&G Foods (BGS)
Market Price (3/18/2026): $5.1Market Cap: $408.0 MilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldDividend Yield is 15%, FCF Yield is 18% | Weak multi-year price returns2Y Excs Rtn is -71%, 3Y Excs Rtn is -128% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 482% |
| Megatrend and thematic driversMegatrends include Vegan & Alternative Foods. Themes include Vegan Products. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.4%, Rev Chg QQuarterly Revenue Change % is -2.2% |
| Key risksBGS key risks include [1] its high leverage and significant debt load and [2] declining product volumes as consumer preferences shift away from traditional packaged foods. |
| Attractive yieldDividend Yield is 15%, FCF Yield is 18% |
| Megatrend and thematic driversMegatrends include Vegan & Alternative Foods. Themes include Vegan Products. |
| Weak multi-year price returns2Y Excs Rtn is -71%, 3Y Excs Rtn is -128% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 482% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.4%, Rev Chg QQuarterly Revenue Change % is -2.2% |
| Key risksBGS key risks include [1] its high leverage and significant debt load and [2] declining product volumes as consumer preferences shift away from traditional packaged foods. |
Qualitative Assessment
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B&G Foods (BGS) stock has gained about 15% since 11/30/2025 because of the following key factors:
1. Stronger-than-Expected Fiscal Year 2026 Guidance for Earnings and EBITDA.
B&G Foods reported adjusted EPS guidance for fiscal year 2026 in the range of $0.55 to $0.65, with a midpoint of $0.60, which surpassed analyst consensus estimates by 17.5%. The company also projected adjusted EBITDA for fiscal year 2026 to be between $265 million and $275 million, exceeding previous analyst expectations. This positive outlook for the upcoming fiscal year was a significant catalyst, leading to a 13.9% surge in the stock price during an afternoon session following the announcement.
2. Strategic Portfolio Divestitures Aimed at Debt Reduction and Focus.
The company announced the divestiture of its Green Giant U.S. frozen vegetable business, a transaction that generated $63.2 million. This move is part of a broader strategy to divest non-core brands and product lines, aiming to sharpen B&G Foods' focus and reduce long-term debt. Management emphasized that these divestitures are expected to lead to stronger cash flows, lower working capital intensity, and reduced leverage.
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1. Stronger-than-Expected Fiscal Year 2026 Guidance for Earnings and EBITDA.
B&G Foods reported adjusted EPS guidance for fiscal year 2026 in the range of $0.55 to $0.65, with a midpoint of $0.60, which surpassed analyst consensus estimates by 17.5%. The company also projected adjusted EBITDA for fiscal year 2026 to be between $265 million and $275 million, exceeding previous analyst expectations. This positive outlook for the upcoming fiscal year was a significant catalyst, leading to a 13.9% surge in the stock price during an afternoon session following the announcement.
2. Strategic Portfolio Divestitures Aimed at Debt Reduction and Focus.
The company announced the divestiture of its Green Giant U.S. frozen vegetable business, a transaction that generated $63.2 million. This move is part of a broader strategy to divest non-core brands and product lines, aiming to sharpen B&G Foods' focus and reduce long-term debt. Management emphasized that these divestitures are expected to lead to stronger cash flows, lower working capital intensity, and reduced leverage.
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Stock Movement Drivers
Fundamental Drivers
The 14.4% change in BGS stock from 11/30/2025 to 3/17/2026 was primarily driven by a 15.1% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.42 | 5.05 | 14.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,841 | 1,829 | -0.7% |
| P/S Multiple | 0.2 | 0.2 | 15.1% |
| Shares Outstanding (Mil) | 80 | 80 | 0.0% |
| Cumulative Contribution | 14.4% |
Market Drivers
11/30/2025 to 3/17/2026| Return | Correlation | |
|---|---|---|
| BGS | 14.4% | |
| Market (SPY) | -1.8% | 13.9% |
| Sector (XLP) | 6.7% | 32.8% |
Fundamental Drivers
The 22.0% change in BGS stock from 8/31/2025 to 3/17/2026 was primarily driven by a 24.5% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.14 | 5.05 | 22.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,862 | 1,829 | -1.8% |
| P/S Multiple | 0.2 | 0.2 | 24.5% |
| Shares Outstanding (Mil) | 80 | 80 | -0.2% |
| Cumulative Contribution | 22.0% |
Market Drivers
8/31/2025 to 3/17/2026| Return | Correlation | |
|---|---|---|
| BGS | 22.0% | |
| Market (SPY) | 4.3% | 3.1% |
| Sector (XLP) | 5.6% | 21.4% |
Fundamental Drivers
The -11.3% change in BGS stock from 2/28/2025 to 3/17/2026 was primarily driven by a -5.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282025 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.70 | 5.05 | -11.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,932 | 1,829 | -5.4% |
| P/S Multiple | 0.2 | 0.2 | -5.3% |
| Shares Outstanding (Mil) | 79 | 80 | -1.1% |
| Cumulative Contribution | -11.3% |
Market Drivers
2/28/2025 to 3/17/2026| Return | Correlation | |
|---|---|---|
| BGS | -11.3% | |
| Market (SPY) | 13.9% | 7.4% |
| Sector (XLP) | 3.9% | 28.7% |
Fundamental Drivers
The -45.6% change in BGS stock from 2/28/2023 to 3/17/2026 was primarily driven by a -28.2% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.28 | 5.05 | -45.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,163 | 1,829 | -15.5% |
| P/S Multiple | 0.3 | 0.2 | -28.2% |
| Shares Outstanding (Mil) | 72 | 80 | -10.4% |
| Cumulative Contribution | -45.6% |
Market Drivers
2/28/2023 to 3/17/2026| Return | Correlation | |
|---|---|---|
| BGS | -45.6% | |
| Market (SPY) | 75.6% | 7.8% |
| Sector (XLP) | 26.5% | 24.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BGS Return | 18% | -61% | 0% | -28% | -27% | 18% | -71% |
| Peers Return | 10% | 14% | -16% | -1% | -18% | -6% | -20% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -2% | 78% |
Monthly Win Rates [3] | |||||||
| BGS Win Rate | 67% | 25% | 50% | 42% | 58% | 67% | |
| Peers Win Rate | 48% | 63% | 42% | 48% | 37% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| BGS Max Drawdown | -4% | -62% | -28% | -37% | -40% | -7% | |
| Peers Max Drawdown | -10% | -12% | -27% | -9% | -22% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CAG, MKC, KHC, GIS, SJM. See BGS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/17/2026 (YTD)
How Low Can It Go
| Event | BGS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -81.2% | -25.4% |
| % Gain to Breakeven | 431.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -35.1% | -33.9% |
| % Gain to Breakeven | 54.2% | 51.3% |
| Time to Breakeven | 19 days | 148 days |
| 2018 Correction | ||
| % Loss | -67.6% | -19.8% |
| % Gain to Breakeven | 209.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -81.8% | -56.8% |
| % Gain to Breakeven | 449.2% | 131.3% |
| Time to Breakeven | 846 days | 1,480 days |
Compare to CAG, MKC, KHC, GIS, SJM
In The Past
B&G Foods's stock fell -81.2% during the 2022 Inflation Shock from a high on 1/27/2021. A -81.2% loss requires a 431.7% gain to breakeven.
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About B&G Foods (BGS)
B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, baking powder and soda, corn starch, cookies and crackers, nut clusters, and other specialty products. It markets its products under various brands, including Ac'cent, B&G, B&M, Back to Nature, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Rumford, Sa-són, Sclafani, Spice Islands, Spring Tree, Sugar Twin, Tone's, Trappey's, TrueNorth, Underwood, Vermont Maid, Victoria, and Weber and Wright's. The company also sells, markets, and distributes household products under the Static Guard brand. It sells and distributes its products directly, as well as through a network of independent brokers and distributors to supermarket chains, foodservice outlets, mass merchants, warehouse clubs, non-food outlets, and specialty distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey.
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A smaller Kraft Heinz or Conagra Brands, focusing on a vast array of established grocery and pantry staples.
Like General Mills, but with an even broader collection of heritage food and pantry brands.
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- Frozen & Canned Vegetables: B&G Foods offers a variety of frozen and canned vegetables for convenient meal preparation.
- Cooking Oils & Sprays: The company provides cooking oils, vegetable shortening, and cooking sprays for various culinary applications.
- Hot Cereals: B&G Foods markets oatmeal and other hot cereals, popular breakfast options.
- Fruit Spreads & Syrups: This category includes fruit spreads, maple syrups, and molasses, often used as toppings or ingredients.
- Canned Meats & Beans: The company supplies canned meats and beans, offering shelf-stable protein and fiber sources.
- Snack Foods: B&G Foods produces snack items such as bagel chips, cookies, crackers, and nut clusters.
- Spices, Seasonings & Sauces: This extensive category covers spices, seasonings, hot sauces, wine vinegar, salad dressings, and various Mexican-style sauces.
- Meal Components: The company offers pizza crusts, dry soups, taco shells and kits, pickles, peppers, and tomato-based products that serve as meal foundations or accompaniments.
- Baking Ingredients: B&G Foods provides essential baking ingredients like baking powder, baking soda, and corn starch.
- Household Products: The company also sells household products, prominently featuring the Static Guard brand.
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Kenneth C. "Casey" Keller President, Chief Executive Officer and Director
Mr. Keller was appointed President, Chief Executive Officer and Director of B&G Foods in June 2021. Prior to joining B&G Foods, he served as president and CEO of JDE Peet's NV, a global coffee and tea company. In this role, he led the merger of Jacobs Douwe Egberts (JDE) and Peet's Coffee, Inc., and successfully guided the combined company through its initial public offering (IPO) in May 2020. Before the merger, Mr. Keller was president and CEO of Peet's Coffee, where he oversaw its rapid growth and expansion. His career also includes serving as global president of the Wm. Wrigley Jr. Company, a subsidiary of Mars, Inc., and president of Wrigley North America/Americas, where he spearheaded a turnaround of the Wrigley business in the United States. Mr. Keller was also the president of Alberto Culver USA until its acquisition by Unilever in 2011. He previously held leadership positions at the H.J. Heinz Company, including leading the ketchup, condiments, and sauces division in the U.S. and serving as CEO of Heinz Italy, and began his consumer goods career at Procter & Gamble.
Bruce C. Wacha Executive Vice President of Finance and Chief Financial Officer
Mr. Wacha became Executive Vice President of Finance and Chief Financial Officer of B&G Foods in November 2017, having joined the company in August 2017 as Executive Vice President of Corporate Strategy and Business Development. Before his tenure at B&G Foods, Mr. Wacha served as Chief Financial Officer and an executive director on the board of directors for Amira Nature Foods Ltd. from June 2014 to August 2017. His professional background also includes over 15 years in the financial services industry, working with Deutsche Bank Securities, Merrill Lynch, and Prudential Securities, where he provided advisory services to corporate clients in the food, beverage, and consumer products sectors.
Scott E. Lerner Executive Vice President, General Counsel, Secretary and Chief Compliance Officer
Mr. Lerner joined B&G Foods in 2005 as Vice President, General Counsel, and Secretary. He was promoted to Executive Vice President in 2006, and in 2009, he assumed the additional responsibility of Chief Compliance Officer. Prior to his time at B&G Foods, Mr. Lerner worked as an associate in the corporate & securities and mergers & acquisitions practice groups at the international law firm Dechert LLP from 1997 to 2005.
Ellen M. Schum Executive Vice President and President of Specialty
Ms. Schum joined B&G Foods in July 2018 as Vice President, U.S. Retail Sales, and was promoted to her current position in March 2019. Before B&G Foods, Ms. Schum held roles at Schuman Cheese, serving as Executive Vice President of Sales and Marketing from 2014 to 2016, and then as Chief Operating Officer from 2017 to 2018.
Jordan E. Greenberg Executive Vice President and President of Spices & Flavor Solutions
Mr. Greenberg has served as Executive Vice President and President of Spices & Flavor Solutions. He joined B&G Foods in 2000 and has held various managerial roles with increasing responsibility, including Vice President and General Manager – Green Giant. Earlier in his career, Mr. Greenberg worked in the marketing departments of Land O'Lakes and Alpine Lace.
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The key risks to B&G Foods (BGS) primarily revolve around its substantial debt, the evolving landscape of consumer preferences coupled with intense competition, and ongoing cost pressures within its supply chain.
- High Leverage and Debt Management: B&G Foods carries a significant debt load, which is consistently highlighted as a major financial risk. The company's high consolidated leverage ratio, with its debt being nearly seven times its annual operating cash flow proxy, significantly impacts its financial flexibility. This elevated debt makes incremental borrowing more expensive and could lead to credit rating downgrades if profitability declines. The ability to service this debt and meet covenants is critical to its financial health, especially in a rising interest rate environment.
- Changing Consumer Preferences and Intense Competition: B&G Foods operates in a highly competitive consumer packaged goods (CPG) market where consumer preferences are constantly shifting. There is a growing trend towards healthier, organic, sustainable, and private-label products, which can challenge the relevance and market share of B&G Foods' portfolio of established, often older, brands. The company faces pressure to innovate, maintain brand equity, and adapt its product offerings to these evolving demands, with potential risks of market share erosion and pricing power loss if it fails to do so effectively.
- Cost Pressures and Supply Chain Risks: The company is vulnerable to ongoing and potential increases in the costs of commodities, ingredients, packaging, distribution, and labor. Inflationary pressures directly impact the company's input costs, such as for raw materials like garlic and black pepper. B&G Foods' ability to offset these rising costs by passing them on to consumers through price increases is uncertain and could lead to margin compression if not managed effectively. Furthermore, global supply chains remain susceptible to disruptions, geopolitical tensions, and climate-related events, posing risks to consistent product delivery and operational stability.
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- Fundamental shift in consumer dietary preferences: There is a clear emerging trend of consumers increasingly moving away from highly processed, shelf-stable, and conventional packaged foods towards fresh, organic, natural, minimally processed, and plant-based options. Many of B&G Foods' legacy brands and product categories (e.g., canned goods, certain cereals, baking ingredients, processed sauces) are core to the traditional "center-of-the-store" grocery model, which faces declining relevance and demand as consumers prioritize fresh ingredients and perimeter-of-the-store shopping. This shift challenges the long-term growth and market position of a company heavily invested in these traditional categories, similar to how Blockbuster struggled as consumers moved from physical rentals to streaming.
- Disruption from agile, direct-to-consumer (DTC) and online-first food brands: The rise of e-commerce and digital marketing enables smaller, nimbler food brands to directly reach consumers, build niche loyalty, and bypass traditional retail distribution channels that B&G Foods heavily relies on. These challenger brands can quickly adapt to evolving consumer preferences (e.g., specific diets, sustainable sourcing) and erode market share from established CPG players by offering highly targeted products and a more personalized customer experience, akin to how YouTube allowed new content creators to bypass traditional broadcasting gatekeepers.
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Here are the addressable market sizes for B&G Foods' main products and services:- Frozen Food Market: The U.S. frozen food market size was estimated at USD 89.94 billion in 2025 and is projected to reach USD 163.25 billion by 2033, growing at a CAGR of 7.7% from 2026 to 2033. Another source valued the U.S. frozen food market at USD 84.63 billion in 2024, expected to reach USD 91.62 billion in 2025, and USD 172.88 billion by 2033, with a CAGR of 8.26%.
- Canned Food Market: The U.S. canned foods market size was valued at USD 32.96 billion in 2024 and is poised to grow to USD 34.71 billion in 2025 and USD 52.46 billion by 2033, at a CAGR of 5.3% from 2026 to 2033. Another report indicates the U.S. canned food market size is expected to reach USD 41.0 billion by 2030, registering a CAGR of 5.5%. Globally, the canned food market size was estimated at USD 122.68 billion in 2023 and is projected to reach USD 154.72 billion by 2030.
- Cooking Oil/Edible Oil Market: The USA edible oil market was valued at USD 7.90 billion in 2023. The cooking oil market size in the U.S. is projected to reach an estimated value of USD 30.86 billion by 2032. Globally, the cooking oil market size was USD 202.4 billion in 2024 and is estimated to reach USD 296.3 billion by 2033.
- Breakfast Cereals Market: The U.S. breakfast cereal market generated a revenue of USD 13,534,041.2 million in 2024 and is expected to reach USD 15,748,091.9 million by 2030. Another source states that the demand for breakfast cereal in the USA is valued at USD 18.2 billion in 2025 and is forecasted to reach USD 26.7 billion by 2035. The global breakfast cereal market size was valued at USD 40.02 billion in 2025 and is projected to grow to USD 65.69 billion by 2034.
- Spices & Seasonings Market: The United States seasonings and spices market size in 2026 is estimated at USD 3.12 billion, growing from a 2025 value of USD 2.94 billion, with projections showing USD 4.19 billion by 2031. Another estimate for the United States seasoning and spices market was USD 18.45 billion in 2025, projected to reach USD 24.85 billion by 2032. The U.S. spices and seasonings market size reached USD 7,521.8 million in 2025 and is expected to reach USD 13,234.1 million by 2034. Globally, the spices and seasonings market size was valued at USD 23.81 million in 2024 and is expected to reach USD 38.44 million by 2033.
- Sauces, Dressings & Condiments Market: The U.S. Sauces, Dressings & Condiments Market size was valued at around USD 36.11 billion in 2024 and is projected to reach USD 41.18 billion by 2030. The U.S. sauces market size was USD 23.3 billion for 2025, and is expected to reach USD 29.2 billion by 2032. Globally, this market was valued at USD 165.81 billion in 2023 and is projected to reach USD 237.54 billion by 2030.
- Snacks Food Market: The U.S. snacks food market size was USD 51.1 billion in 2024, and it is projected to reach USD 69.7 billion by 2032. Another report states the United States snacks market size reached around USD 362.16 billion in 2025, and is projected to reach nearly USD 501.08 billion by 2035. The U.S. snacks market size was estimated at USD 172.54 billion in 2024 and is anticipated to exceed USD 193.51 billion by 2030. The global snacks market size was estimated at USD 719.18 billion in 2024 and is projected to reach USD 922.08 billion by 2030.
- Household Products Market (Static Guard): The USA Household Products Market is valued at USD 67.5 billion. The global household cleaning products market was valued at USD 282.28 billion in 2025 and is projected to reach USD 413.57 billion by 2034. The U.S. household cleaning products market size is estimated at USD 55.82 billion in 2025 and is predicted to be worth around USD 88.10 billion by 2034.
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B&G Foods (BGS) expects its future revenue growth over the next 2-3 years to be driven by several strategic initiatives and ongoing business performance:
- Portfolio Optimization through Strategic Acquisitions and Divestitures: B&G Foods is actively reshaping its brand portfolio by divesting lower-margin, non-core businesses and acquiring higher-margin ones. This strategy aims for a more focused, leaner, and higher-margin portfolio, which is expected to improve base business net sales trends. For example, the company recently completed the divestiture of its Green Giant U.S. frozen business and is in the process of acquiring the College Inn and Kitchen Basics broth and stock businesses, which are anticipated to expand its presence in core grocery categories and support long-term cash flow growth.
- Growth in the Spices & Flavor Solutions Business: The Spices & Flavor Solutions business unit has consistently demonstrated growth and is identified as a key focus area. This growth is benefiting from trends in fresh food and proteins, as well as strong performance in the club and foodservice channels. Management anticipates continued improvement within this segment.
- Co-pack Sales Agreements: Following the divestiture of the Green Giant U.S. frozen business, B&G Foods entered into a co-pack agreement with Seneca Foods. This agreement is projected to generate approximately $80 million in revenue for 2026, providing a significant near-term revenue stream.
- Base Business Growth and Optimization of Core Brands: The company is targeting stabilization and improvement in its base business net sales trends, aiming for a long-term growth rate of 1%. This involves focusing resources and investment on core categories and brands within spices and seasonings, meals, and baking staples. Strategies include organic renovation, simplifying the SKU (stock keeping unit) long tail, multi-year packaging refreshes to improve shelf communication and reduce material costs, and expanding into new channels such as incremental placements in club and dollar/value channels and expanded foodservice formats for brands like Cream of Wheat and Ortega.
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Share Repurchases
No significant share repurchases or authorizations were reported for B&G Foods (BGS) within the last 3-5 years (2021-2025), with the last mentioned authorization of $50.0 million expiring in March 2019.
Share Issuance
- B&G Foods had 79,144,800 shares issued and outstanding as of December 28, 2024, which increased to 79,977,050 shares as of January 3, 2026.
Outbound Investments
- The company divested its Green Giant U.S. shelf-stable product line during the fourth quarter of fiscal 2023.
- In 2025, B&G Foods divested the Don Pepino and Sclafani brands during the second quarter, and the Le Sueur U.S. brand during the third quarter.
- B&G Foods completed the sale of its Green Giant U.S. frozen business, receiving $63.2 million in cash, and entered an agreement to divest Green Giant Canada, expected to close in 2026.
- In January 2026, B&G Foods agreed to acquire the College Inn and Kitchen Basics broth brands from Del Monte Foods for approximately $110 million in cash, with the transaction anticipated to close in the first quarter of 2026.
Capital Expenditures
- B&G Foods projected capital expenditures of $30 million to $35 million for fiscal year 2025.
- The company's capital expenditures were $27.69 million for fiscal 2024, $25.69 million for fiscal 2023, and $43.58 million for fiscal 2021.
- A primary focus of capital expenditures is to optimize logistics and supply chain efficiencies and to invest in core categories and brands, including spices, seasonings, meals, and baking staples.
Latest Trefis Analyses
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Trade Ideas
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| 02272026 | BRBR | BellRing Brands | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02132026 | STZ | Constellation Brands | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 02132026 | KMB | Kimberly-Clark | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.9% | 1.9% | -1.7% |
| 02062026 | AVO | Mission Produce | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.1% | 1.1% | -2.7% |
| 01022026 | CALM | Cal-Maine Foods | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.0% | 12.0% | -7.7% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 30.82 |
| Mkt Cap | 13.1 |
| Rev LTM | 10,081 |
| Op Inc LTM | 1,299 |
| FCF LTM | 924 |
| FCF 3Y Avg | 1,000 |
| CFO LTM | 1,279 |
| CFO 3Y Avg | 1,419 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -4.4% |
| Rev Chg 3Y Avg | -1.5% |
| Rev Chg Q | -2.8% |
| QoQ Delta Rev Chg LTM | -0.8% |
| Op Mgn LTM | 14.9% |
| Op Mgn 3Y Avg | 16.3% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 13.3% |
| CFO/Rev 3Y Avg | 14.9% |
| FCF/Rev LTM | 10.2% |
| FCF/Rev 3Y Avg | 10.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 13.1 |
| P/S | 1.1 |
| P/EBIT | 5.6 |
| P/E | -6.7 |
| P/CFO | 7.3 |
| Total Yield | 5.8% |
| Dividend Yield | 6.7% |
| FCF Yield 3Y Avg | 8.1% |
| D/E | 0.7 |
| Net D/E | 0.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.6% |
| 3M Rtn | -6.3% |
| 6M Rtn | -9.9% |
| 12M Rtn | -24.5% |
| 3Y Rtn | -37.2% |
| 1M Excs Rtn | -10.8% |
| 3M Excs Rtn | -4.3% |
| 6M Excs Rtn | -10.3% |
| 12M Excs Rtn | -42.4% |
| 3Y Excs Rtn | -110.9% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $5.05 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 05/23/2007 | |
| Distance from 52W High | -20.0% | |
| 50 Days | 200 Days | |
| DMA Price | $4.83 | $4.28 |
| DMA Trend | up | up |
| Distance from DMA | 4.6% | 17.9% |
| 3M | 1YR | |
| Volatility | 50.2% | 57.8% |
| Downside Capture | 18.49 | 54.52 |
| Upside Capture | 83.33 | 21.25 |
| Correlation (SPY) | 12.4% | 7.4% |
BGS Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.51 | -0.05 | -0.06 | -0.13 | 0.16 | 0.26 |
| Up Beta | 2.90 | 1.00 | 1.10 | 0.93 | 0.03 | 0.07 |
| Down Beta | -1.39 | -0.43 | -0.12 | -0.14 | 0.18 | 0.42 |
| Up Capture | 24% | 62% | 26% | 3% | 11% | 3% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 15 | 23 | 33 | 61 | 114 | 339 |
| Down Capture | -318% | -107% | -109% | -99% | 44% | 70% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 6 | 17 | 27 | 59 | 129 | 397 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BGS | |
|---|---|---|---|---|
| BGS | -18.8% | 57.7% | -0.14 | - |
| Sector ETF (XLP) | 8.6% | 13.9% | 0.36 | 28.3% |
| Equity (SPY) | 20.3% | 18.8% | 0.85 | 7.4% |
| Gold (GLD) | 68.2% | 26.2% | 1.97 | -0.9% |
| Commodities (DBC) | 19.1% | 17.3% | 0.89 | -0.9% |
| Real Estate (VNQ) | 7.6% | 16.1% | 0.27 | 24.8% |
| Bitcoin (BTCUSD) | -10.5% | 44.3% | -0.12 | 5.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BGS | |
|---|---|---|---|---|
| BGS | -24.2% | 48.9% | -0.39 | - |
| Sector ETF (XLP) | 7.8% | 13.1% | 0.38 | 27.8% |
| Equity (SPY) | 13.0% | 17.0% | 0.60 | 13.9% |
| Gold (GLD) | 23.4% | 17.2% | 1.11 | 5.2% |
| Commodities (DBC) | 11.0% | 19.0% | 0.47 | 2.9% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 27.8% |
| Bitcoin (BTCUSD) | 6.1% | 56.7% | 0.33 | 9.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BGS | |
|---|---|---|---|---|
| BGS | -10.9% | 46.4% | -0.07 | - |
| Sector ETF (XLP) | 7.8% | 14.7% | 0.40 | 29.9% |
| Equity (SPY) | 14.8% | 17.9% | 0.71 | 16.4% |
| Gold (GLD) | 14.4% | 15.6% | 0.76 | 5.1% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 4.2% |
| Real Estate (VNQ) | 5.8% | 20.7% | 0.24 | 22.1% |
| Bitcoin (BTCUSD) | 68.3% | 66.8% | 1.07 | 7.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/3/2026 | 16.2% | 7.7% | |
| 11/5/2025 | 24.6% | 17.3% | 14.8% |
| 8/4/2025 | -2.7% | -1.0% | 8.3% |
| 5/7/2025 | -25.2% | -31.9% | -33.4% |
| 2/25/2025 | 2.9% | -2.2% | -3.4% |
| 11/5/2024 | -19.8% | -26.3% | -24.9% |
| 8/6/2024 | -2.7% | -4.0% | 0.8% |
| 5/8/2024 | -28.3% | -21.6% | -19.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 11 | 11 |
| # Negative | 8 | 11 | 10 |
| Median Positive | 4.1% | 7.1% | 14.4% |
| Median Negative | -7.4% | -4.6% | -11.0% |
| Max Positive | 28.5% | 20.3% | 24.2% |
| Max Negative | -28.3% | -31.9% | -33.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/03/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mullen, Dennis M | Direct | Sell | 12012025 | 4.50 | 18,795 | 84,638 | 378,071 | Form | |
| 2 | Hart, Eric H | EVP OF HUMAN RESOURCES & CHRO | Direct | Sell | 5302025 | 4.18 | 1,500 | 6,270 | 469,889 | Form |
| 3 | Schoch, Martin C | EVP of Supply Chain | Direct | Sell | 5192025 | 4.45 | 3,931 | 17,504 | 152,937 | Form |
| 4 | Schoch, Martin C | EVP of Supply Chain | Direct | Sell | 3122026 | 5.40 | 11,321 | 61,085 | 185,326 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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