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. It operates through Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions segments. The company offers 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, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products. It markets its products under various brands, including Crisco, Clabber Girl, Bear Creek, Polaner, Underwood, B&G, Grandma's, New York Style, B&M, Baker's Joy, Regina, TrueNorth, Static Guard, SugarTwin, Brer Rabbit, Ortega, Maple Grove Farms of Vermont, Cream of Wheat, Las Palmas, Victoria, Mama Mary's, Spring Tree, McCann's, Carey's, Vermont Maid, Green Giant, Dash, Spice Islands, Weber, Ac'cent, Tone's, Trappey's, Durkee, Wright's, B&G Sandwich Toppers, Bear Creek Country Kitchens, Canoleo, Cary's, Cream of Rice, Joan of Arc, MacDonald's, Molly McButter, New York Flatbreads, Old London, and Sa-sΓ³n brands. The company 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 1889 and is headquartered in Parsippany, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.8B | $188M | $-43M | $71M | -9.6% | -5.4% | -82.8% |
| 2024 | $1.9B | $-85M | $-251M | $104M | -47.9% | -6.3% | 279.5% |
| 2023 | $2.1B | $173M | $-66M | $222M | -7.9% | -4.7% | 482.2% |
| 2022 | $2.2B | $203M | $-11M | $-16M | -1.3% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,163 | 2,062.31 | 1,932.45 | 1,828.69 |
| Operating Revenue | - | 2,163 | 2,062.31 | 1,932.45 | 1,828.69 |
| Cost Of Revenue | - | 1,753.38 | 1,606.79 | 1,510.50 | 1,429.87 |
| Gross Profit | - | 409.62 | 455.52 | 421.95 | 398.82 |
| Operating Expense | - | 211.66 | 216.80 | 208.51 | 215.24 |
| Selling General And Administration | - | 190.41 | 196.04 | 188.07 | 194.95 |
| Total Expenses | - | 1,965.04 | 1,823.60 | 1,719.02 | 1,645.11 |
| Operating Income | - | 197.96 | 238.72 | 213.44 | 183.58 |
| Total Operating Income As Reported | - | 98.63 | 80.42 | -177.28 | 97.15 |
| EBITDA | - | 203.44 | 172.58 | -85.06 | 188.27 |
| Normalized EBITDA | - | 302.78 | 330.88 | 305.65 | 274.70 |
| EBIT | - | 106.01 | 84.20 | -173.06 | 101.90 |
| Interest Expense | - | 124.92 | 151.33 | 157.45 | 149.63 |
| Net Interest Income | - | -124.92 | -151.33 | -157.45 | -149.63 |
| Other Non Operating Income Expenses | - | 7.38 | 3.78 | 4.22 | 4.75 |
| Other Income Expense | - | -91.96 | -154.52 | -386.50 | -81.68 |
| Interest Expense Non Operating | - | 124.92 | 151.33 | 157.45 | 149.63 |
| Net Non Operating Interest Income Expense | - | -124.92 | -151.33 | -157.45 | -149.63 |
| Pretax Income | - | -18.91 | -67.13 | -330.51 | -47.73 |
| Tax Provision | - | -7.54 | -0.94 | -79.26 | -4.48 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -39.63 | -2.22 | -93.77 | -8.11 |
| Net Income Continuous Operations | - | -11.37 | -66.20 | -251.25 | -43.26 |
| Net Income From Continuing And Discontinued Operation | - | -11.37 | -66.20 | -251.25 | -43.26 |
| Net Income From Continuing Operation Net Minority Interest | - | -11.37 | -66.20 | -251.25 | -43.26 |
| Net Income | - | -11.37 | -66.20 | -251.25 | -43.26 |
| Net Income Common Stockholders | - | -11.37 | -66.20 | -251.25 | -43.26 |
| Net Income Including Noncontrolling Interests | - | -11.37 | -66.20 | -251.25 | -43.26 |
| Normalized Income | - | 48.33 | 89.88 | 45.69 | 35.07 |
| Diluted NI Availto Com Stockholders | - | -11.37 | -66.20 | -251.25 | -43.26 |
| Basic Average Shares | - | 70.47 | 74.27 | 79.01 | 79.76 |
| Diluted Average Shares | - | 70.47 | 74.27 | 79.01 | 79.76 |
| Reconciled Depreciation | - | 97.44 | 88.38 | 88 | 86.38 |
| Reconciled Cost Of Revenue | - | 1,677.19 | 1,539.17 | 1,442.95 | 1,363.79 |
| Total Unusual Items | - | -99.34 | -158.30 | -390.72 | -86.43 |
| Total Unusual Items Excluding Goodwill | - | -99.34 | -158.30 | -390.72 | -86.43 |
| Special Income Charges | - | -99.34 | -158.30 | -390.72 | -86.43 |
| Write Off | - | 106.43 | 0 | 0 | 28.50 |
| Impairment Of Capital Assets | - | 0 | 20.50 | 390.58 | 60.80 |
| Depreciation Amortization Depletion Income Statement | - | 21.25 | 20.76 | 20.44 | 20.29 |
| Depreciation And Amortization In Income Statement | - | 21.25 | 20.76 | 20.44 | 20.29 |
| Gain On Sale Of Ppe | - | 7.10 | -137.80 | -0.14 | 2.87 |
| Amortization | - | 21.25 | 20.76 | 20.44 | 20.29 |
| Amortization Of Intangibles Income Statement | - | 21.25 | 20.76 | 20.44 | 20.29 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| B&G Foods, Inc.this co. | BGS | $321M | - | 0.71 | -9.6% | 12.03 |
| The Honest Company, Inc. | HNST | $362M | -23.09 | 2.13 | -9.2% | -60.30 |
| Lifeway Foods, Inc. | LWAY | $356M | 25.66 | 4.14 | 16.1% | 14.76 |
| MGP Ingredients, Inc. | MGPI | $348M | -3.23 | 0.48 | -15.0% | -8.61 |
| Nature's Sunshine Products, Inc. | NATR | $346M | 17.73 |
| - |
| - |
| - |
| - |
| 2.14 |
| 12.1% |
| 6.20 |
| USANA Health Sciences, Inc. | USNA | $335M | 31.11 | 0.63 | 2.0% | 2.39 |
| European Wax Center, Inc. | EWCZ | $319M | 36.76 | 4.03 | 11.0% | 9.88 |
| Alico, Inc. | ALCO | $300M | -2.03 | 2.91 | -143.0% | -78.12 |
| Franklin Covey Co. | FC | $270M | 87.92 | 4.03 | 4.6% | 15.21 |
| Peer Median | - | 21.69 | 2.53 | 3.3% | 4.29 | |