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% | - |
| 2024 | $1.9B | $-85M | $-251M | $104M | -47.9% | -6.3% | - |
| 2023 | $2.1B | $173M | $-66M | $222M | -7.9% | -4.7% | - |
| 2022 | $2.2B | $203M | $-11M | $-16M | -1.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 197.96 | 238.72 | 213.44 | 183.58 |
| EBITDA | 203.44 | 172.58 | -85.06 | 188.27 |
| EBIT | 106.01 | 84.20 | -173.06 | 101.90 |
| Pretax Income | -18.91 | -67.13 | -330.51 | -47.73 |
| Tax Provision | -7.54 | -0.94 | -79.26 | -4.48 |
| Net Income | -11.37 | -66.20 | -251.25 | -43.26 |
| Net Income Common Stockholders | -11.37 | -66.20 | -251.25 | -43.26 |
| Total Expenses | 1,965.04 | 1,823.60 | 1,719.02 | 1,645.11 |
| Interest Expense | 124.92 | 151.33 | 157.45 | 149.63 |
| Selling General And Administration | 190.41 | 196.04 | 188.07 | 194.95 |
| Normalized EBITDA | 302.78 | 330.88 | 305.65 | 274.70 |
| Normalized Income | 48.33 | 89.88 | 45.69 | 35.07 |
| Basic EPS | -0.16 | -0.89 | -3.18 | -0.54 |
| Diluted EPS | -0.16 | -0.89 | -3.18 | -0.54 |
| Tax Effect Of Unusual Items | -39.63 | -2.22 | -93.77 | -8.11 |
| Tax Rate For Calcs | 0.40 | 0.01 | 0.24 | 0.09 |
| Total Unusual Items | -99.33 | -158.30 | -390.71 | -86.43 |
| Total Unusual Items Excluding Goodwill | -99.33 | -158.30 | -390.71 | -86.43 |
| Net Income From Continuing Operation Net Minority Interest | -11.37 | -66.20 | -251.25 | -43.26 |
| 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 |
| Net Interest Income | -124.92 | -151.33 | -157.45 | -149.63 |
| Net Income From Continuing And Discontinued Operation | -11.37 | -66.20 | -251.25 | -43.26 |
| Total Operating Income As Reported | 98.63 | 80.42 | -177.28 | 97.15 |
| Diluted Average Shares | 70.47 | 74.27 | 79.01 | 79.75 |
| Basic Average Shares | 70.47 | 74.27 | 79.01 | 79.75 |
| Diluted NI Availto Com Stockholders | -11.37 | -66.20 | -251.25 | -43.26 |
| Net Income Including Noncontrolling Interests | -11.37 | -66.20 | -251.25 | -43.26 |
| Net Income Continuous Operations | -11.37 | -66.20 | -251.25 | -43.26 |
| Other Income Expense | -91.95 | -154.52 | -386.50 | -81.68 |
| Other Non Operating Income Expenses | 7.38 | 3.78 | 4.21 | 4.75 |
| Special Income Charges | -99.33 | -158.30 | -390.71 | -86.43 |
| Gain On Sale Of Ppe | 7.10 | -137.80 | -0.14 | 2.87 |
| Write Off | 106.43 | 0 | 0 | 28.50 |
| Impairment Of Capital Assets | 0 | 20.50 | 390.58 | 60.80 |
| Net Non Operating Interest Income Expense | -124.92 | -151.33 | -157.45 | -149.63 |
| Interest Expense Non Operating | 124.92 | 151.33 | 157.45 | 149.63 |
| 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 |
| Amortization | 21.25 | 20.76 | 20.44 | 20.29 |
| Amortization Of Intangibles Income Statement | 21.25 | 20.76 | 20.44 | 20.29 |
| Operating Revenue | 2,163 | 2,062.31 | 1,932.45 | 1,828.69 |
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 | $426M | - | 0.94 | -9.6% | 9.12 |
| Calavo Growers, Inc. | CVGW | $502M | 31.19 | 2.44 | 9.5% | 18.10 |
| Nature's Sunshine Products, Inc. | NATR | $473M | 25.50 | 2.93 | 12.1% | 10.32 |
| KinderCare Learning Companies, Inc. | KLC | $450M | - | 0.60 | -14.9% | 10.13 |
| Lifeway Foods, Inc. | LWAY | $410M | 30.26 |
| 4.78 |
| 16.1% |
| 19.99 |
| Beyond Meat, Inc. | BYND | $378M | - | -407.65 | -17854.8% | -4.30 |
| The Honest Company, Inc. | HNST | $372M | - | 2.20 | -9.2% | 30.50 |
| Nu Skin Enterprises, Inc. | NUS | $351M | 2.25 | 0.43 | 19.9% | 2.87 |
| European Wax Center, Inc. | EWCZ | $318M | 29.00 | 3.20 | 8.3% | 8.80 |
| Peer Median | - | 29.00 | 2.32 | 8.9% | 10.23 | |