Cream of Wheat

B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2023

Retrieved on: 
Tuesday, February 27, 2024
Retail, Supermarket, Food, Beverage, Giant, Cream, Molly, Acquisition, Forecasting, Back to Nature, Transport, Flatbread, Sale, Green Giant, Clabber Girl, B&G Foods, Vegetable, GAAP, Crisco, Webcast, Farm, Cream of Wheat

Base business net sales for the fourth quarter of 2023 decreased $13.3 million, or 2.3%, to $562.3 million from $575.6 million for the fourth quarter of 2022.

Key Points: 
  • Base business net sales for the fourth quarter of 2023 decreased $13.3 million, or 2.3%, to $562.3 million from $575.6 million for the fourth quarter of 2022.
  • Base business net sales of all other brands in the aggregate decreased $4.6 million, or 3.5%, for the fourth quarter of 2023, as compared to the fourth quarter of 2022.
  • Selling, general and administrative expenses increased $1.3 million, or 2.7%, to $53.2 million for the fourth quarter of 2023 from $51.9 million for the fourth quarter of 2022.
  • ET today, February 27, 2024 to discuss fourth quarter and full year 2023 financial results.

B&G Foods Reports Financial Results for Third Quarter 2023

Retrieved on: 
Wednesday, November 8, 2023
Retail, Supermarket, Food, Beverage, Giant, Cream, Cream of Wheat, Sale, Le Sueur, Seneca Foods, Back to Nature, ATM, Green Giant, Farm, EBITDA, Equity, Seager Wheeler's Maple Grove Farm, GAAP, Acquisition, Senior, Transport, Ortega, Webcast, Clabber Girl, B&G Foods, Crisco, Forecasting, Debt-to-GDP ratio, Beauty salon, Financial services, Security (finance), Grocery store, Pharmaceutical industry, Bookkeeping, Cryptocurrency, Video game

Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $10.2 million during the third quarter of 20222.

Key Points: 
  • Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $10.2 million during the third quarter of 20222.
  • Base business net sales for the third quarter of 2023 decreased $15.6 million, or 3.0%, to $502.7 million from $518.3 million for the third quarter of 2022.
  • For additional information regarding B&G Foods’ non-GAAP financial measures, see “About Non-GAAP Financial Measures and Items Affecting Comparability” below.
  • ET today, November 8, 2023 to discuss third quarter 2023 financial results.

B&G Foods Reports Financial Results for Second Quarter 2023

Retrieved on: 
Thursday, August 3, 2023
Retail, Supermarket, Food, Beverage, Cream, Giant, Seager Wheeler's Maple Grove Farm, B&G Foods, Cream of Wheat, GAAP, Ortega, Sale, Forecasting, Le Sueur, EBITDA, Crisco, Acquisition, Back to Nature, Webcast, Transport, Green Giant, Clabber Girl, Farm, Pharmaceutical industry, Bookkeeping, Video game, Bank, Security (finance)

Base business net sales for the second quarter of 2023 increased $0.4 million, or 0.1%, to $469.5 million from $469.1 million for the second quarter of 2022.

Key Points: 
  • Base business net sales for the second quarter of 2023 increased $0.4 million, or 0.1%, to $469.5 million from $469.1 million for the second quarter of 2022.
  • Base business net sales of all other brands in the aggregate increased $7.5 million, or 7.8%, for the second quarter of 2023, as compared to the second quarter of 2022.
  • Selling, general and administrative expenses increased $3.7 million, or 8.3%, to $47.9 million for the second quarter of 2023 from $44.2 million for the second quarter of 2022.
  • ET today, August 3, 2023 to discuss second quarter 2023 financial results.

B&G Foods Reports Financial Results for First Quarter 2023

Retrieved on: 
Thursday, May 4, 2023
Technology, Supermarket, Retail, Food, Beverage, Giant, Cream, Seager Wheeler's Maple Grove Farm, B&G Foods, Cream of Wheat, GAAP, Ortega, Sale, Forecasting, Le Sueur, EBITDA, Crisco, Acquisition, Back to Nature, Webcast, Transport, Green Giant, Clabber Girl, Farm, Dietary supplement, Bookkeeping, Pharmaceutical industry, Video game, Bank, Omicron

Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $14.4 million during the first quarter of 2022.

Key Points: 
  • Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $14.4 million during the first quarter of 2022.
  • Net sales from the Yuma acquisition, which was completed on May 5, 2022 and therefore not part of the Company’s first quarter of 2022 results, contributed $0.4 million to the Company’s net sales for the first quarter of 2023.
  • Base business net sales for the first quarter of 2023 decreased $6.4 million, or 1.2%, to $511.4 million from $517.8 million for the first quarter of 2022.
  • ET today, May 4, 2023 to discuss first quarter 2023 financial results.

B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2022

Retrieved on: 
Tuesday, February 28, 2023
Retail, Supermarket, Food, Beverage, Cream, Giant, EBITDA, Clabber Girl, Seager Wheeler's Maple Grove Farm, Transport, Forecasting, Omicron, B&G Foods, GAAP, Acquisition, Spice, Webcast, Green Giant, ATM, Ortega, Human back, Cream of Wheat, Crisco, Sale, Borrowing base, Farm, Le Sueur, Elasticity, COVID-19, Pharmaceutical industry, Bookkeeping, Recycling, Video game, Cryptocurrency, Security (finance)

Base business net sales for the fourth quarter of 2022 increased $51.2 million, or 8.9%, to $622.8 million from $571.6 million for the fourth quarter of 2021.

Key Points: 
  • Base business net sales for the fourth quarter of 2022 increased $51.2 million, or 8.9%, to $622.8 million from $571.6 million for the fourth quarter of 2021.
  • Net sales of Green Giant (including Le Sueur) decreased $11.3 million, or 6.9%, for the fourth quarter of 2022, as compared to the fourth quarter of 2021.
  • Base business net sales of all other brands in the aggregate increased $15.4 million, or 12.1%, for the fourth quarter of 2022, as compared to the fourth quarter of 2021.
  • ET today, February 28, 2023 to discuss fourth quarter and full year 2022 financial results.

B&G Foods to Sell Back to Nature to Barilla America

Retrieved on: 
Thursday, December 15, 2022
Supermarket, Retail, Food, Beverage, Organic Food, Cream, Giant, Securities and Exchange Commission (Philippines), Bear Creek, Cream of Wheat, Love, B&G Foods, ERP, Food industry, Seager Wheeler's Maple Grove Farm, Annual report, NYSE, Failure, B&M, Security (finance), Disclosure, Sale, Habit, Safety, Back to Nature, Food science, Food safety, Legislation, Environment, Le Sueur, Dash, Workforce, Green Giant, Risk, BGS, Asian Infrastructure Investment Bank, COVID-19, Information, Bottled water, Crisco, Nature

B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to sell the Back to Nature brand to Barilla America.

Key Points: 
  • B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to sell the Back to Nature brand to Barilla America.
  • The divestiture will also allow us to reduce long-term debt, while providing Barilla America with a great brand.
  • B&G Foods expects the sale to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions.
  • Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico.

B&G Foods to Partner with America’s Grow-a-Row to Provide Over 1 Million Servings of Fresh Produce to Those in Need

Retrieved on: 
Thursday, November 17, 2022
Other Philanthropy, Other Retail, DEI (Diversity, Equity and Inclusion), Family, Supermarket, Social Services, Social Activism, Consumer, Food, Beverage, Environmental, Social and Governance (ESG), Organic Food, Retail, Fitness & Nutrition, Communications, Professional Services, Other Education, Philanthropy, Health, Fund Raising, Education, Foundation, Cream, Giant, Agriculture, Food, Le Sueur, Partnership, Hunger, NYSE, Love, Bear Creek, Cream of Wheat, DEI, Vegetable, Work, BGS, Food science, Green Giant, B&G Foods, B&M, Food security, Seager Wheeler's Maple Grove Farm, AGAR, Dash, Grocery store, Bottled water, Crisco

In 2023, B&G Foods will donate $250,000 to AGAR, which will result in the planting, growing, harvesting and distribution of 1.25 million servings of fresh produce to communities in need across the United States.

Key Points: 
  • In 2023, B&G Foods will donate $250,000 to AGAR, which will result in the planting, growing, harvesting and distribution of 1.25 million servings of fresh produce to communities in need across the United States.
  • By providing 1.25 million servings of produce to those who are in need, we are making it easier for families to eat healthy, nourishing foods.
  • Each year, we donate 2.5 million pounds of produce and corporate donors like B&G Foods help us give even more to those in need.
  • AGAR is celebrating 20 years of service to those in need in 2022 and has donated more than 17 million pounds, or 68 million servings, of fresh produce since its beginning.

B&G Foods Declares Quarterly Dividend

Retrieved on: 
Wednesday, November 9, 2022
Retail, Supermarket, Food, Beverage, Cream, Giant, Director, Love, Information, NYSE, Le Sueur, Asian Infrastructure Investment Bank, Bear Creek, U.S. Securities and Exchange Commission, Workforce, Disclosure, Green Giant, Risk, Environment, Food industry, Board, BGS, Legislation, Annual report, Failure, Cream of Wheat, Board of directors, Goal, Safety, Public expenditure, Seager Wheeler's Maple Grove Farm, Policy, Habit, Company, B&G Foods, Food science, Food safety, Judgement, B&M, Security (finance), Dash, ERP, COVID-19, Holding company, Crisco

B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors declared yesterday a quarterly cash dividend of $0.19 per share of common stock.

Key Points: 
  • B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors declared yesterday a quarterly cash dividend of $0.19 per share of common stock.
  • This is the 73rd consecutive quarterly dividend declared by the Board of Directors since B&G Foods initial public offering in October 2004.
  • Although the Board of Directors has reduced the dividend rate under the Companys dividend policy, the Board of Directors has reaffirmed the policy itself.
  • Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico.

B&G Foods Announces Date of Third Quarter 2022 Earnings Conference Call

Retrieved on: 
Monday, October 24, 2022
Retail, Supermarket, Food, Beverage, Cream, Giant, Le Sueur, Webcast, Dash, NYSE, Love, Food science, BGS, B&G Foods, Bear Creek, Green Giant, Seager Wheeler's Maple Grove Farm, B&M, Cream of Wheat, Crisco, Finance

B&G Foods, Inc. (NYSE: BGS) announced today that it intends to issue a press release with third quarter 2022 financial results after the market close on Wednesday, November 9, 2022.

Key Points: 
  • B&G Foods, Inc. (NYSE: BGS) announced today that it intends to issue a press release with third quarter 2022 financial results after the market close on Wednesday, November 9, 2022.
  • B&G Foods has scheduled a conference call at 4:30 p.m.
  • The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations .
  • Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico.

B&G FOODS EXTENDS NUMERATOR RELATIONSHIP AS OMNICHANNEL PURCHASE PANEL PROVIDER

Retrieved on: 
Tuesday, October 11, 2022
Cream, Giant, EVP, Dash, Pulse, Partnership, B&G Foods, Green Giant, Seager Wheeler's Maple Grove Farm, Behavior, GLOBE, Cream of Wheat, Online shopping, Fraction, Crisco

CHICAGO, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Numerator, a data and tech company serving the market research space, will continue its partnership with B&G Foods for US omnichannel consumer data.

Key Points: 
  • CHICAGO, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Numerator, a data and tech company serving the market research space, will continue its partnership with B&G Foods for US omnichannel consumer data.
  • The data and insights from Numerator have provided a deeper level of consumer understanding.
  • B&G Foods continues to keep its finger on the pulse of consumer buying behavior, and were pleased to continue working with them for the third consecutive year, said Lisa Gosselin, Chief Revenue Officer, Numerator.
  • Numerator is a data and tech company bringing speed and scale to market research.