olivLaw · US equity research
B&G Foods, Inc. BGS
Food and Kindred Products · SIC 2000 · Vertical: Food and Kindred Products (SIC 2000)
B&G Foods makes and distributes shelf-stable and frozen food and household brands across the United States, Canada and Puerto Rico, many with leading regional or national shares. In 2026 the company is reshaping its portfolio through acquisitions and divestitures, and second-quarter net sales fell 9.7% to 383.3 million USD.
At the close of 04 Nov 2026, B&G Foods, Inc. (BGS) stock was 2.57 USD (+7.53% on the day), with market capitalisation 208.9 m USD, dividend yield 25.88%, beta 0.06, 52-week range 2.04–5.87 USD. Latest reported quarter (Q2 2027): revenue of 383.3 m USD (−9.7% YoY), net income of -4.0 m USD, diluted EPS -0.05 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 55.4
- strong (55–70)
- Bollinger (20, 2)
- 1.96 – 2.63
- in the upper half of the band · %B 0.91 · band width 29.2%
- SMA 50 / 200
- 2.80 / 4.07
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.12 / -0.19
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +1.2% | −1.1% | +2.3 pp | — |
| 3 months | −27.0% | −0.5% | −26.5 pp | — |
| 6 months | −52.2% | +4.4% | −56.6 pp | — |
| Year to date | −40.2% | +12.3% | −52.5 pp | — |
| 1 year | −34.4% | +13.5% | −48.0 pp | −45.6% |
| 3 years | −71.5% | +76.4% | −147.9 pp | −65.9% |
| 5 years | −92.3% | +63.7% | −155.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2027 · 04 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 461.1 m | 551.6 m | 425.4 m | 424.4 m | 439.3 m | 539.6 m | 408.9 m | 383.3 m |
| Cost of revenue | 358.7 m | 432.9 m | 335.3 m | 337.4 m | 340.3 m | 416.8 m | 329.0 m | 303.6 m |
| Gross profit | 102.3 m | 118.7 m | 90.1 m | 87.0 m | 99.0 m | 122.7 m | 79.9 m | 79.6 m |
| SG&A | 46.0 m | 50.3 m | 49.1 m | 47.2 m | 44.6 m | 54.0 m | 50.2 m | 40.6 m |
| Operating income | 51.2 m | -256.8 m | 35.8 m | 22.0 m | 11.0 m | 28.2 m | -11.0 m | 34.6 m |
| Depreciation & amortisation | 17.2 m | 16.9 m | 16.8 m | 16.7 m | 16.6 m | 16.1 m | 15.0 m | 14.5 m |
| Pre-tax income | 10.1 m | -295.3 m | -765.0 k | -12.6 m | -25.1 m | -9.4 m | -45.3 m | -2.4 m |
| Income tax | 2.7 m | -72.9 m | -1.6 m | -2.8 m | -5.9 m | 5.8 m | -12.7 m | 1.6 m |
| Net income | 7.5 m | -222.4 m | 835.0 k | -9.8 m | -19.1 m | -15.2 m | -32.5 m | -4.0 m |
| Diluted EPS | 0.09 | -2.81 ≈ | 0.01 | -0.12 | -0.24 | -0.19 ≈ | -0.41 | -0.05 |
| Operating cash flow | 4.2 m ≈ | 80.3 m | 52.7 m | 17.8 m ≈ | -64.6 m ≈ | 95.4 m | 23.6 m | 34.4 m ≈ |
| Capex | 4.8 m ≈ | 8.7 m | 10.4 m | 6.4 m ≈ | 6.1 m ≈ | 7.8 m | 4.9 m | 6.2 m ≈ |
| Dividends paid | 15.0 m ≈ | 15.0 m | 15.0 m | 15.2 m ≈ | 15.2 m ≈ | 15.2 m | 15.2 m | 15.4 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6 bn | 1.7 bn | 1.7 bn | 2.0 bn | 2.2 bn | 2.1 bn | 1.9 bn | 1.8 bn |
| Revenue YoY | +20.0% | +3.3% | −2.4% | unavailable | +9.9% | −4.7% | −6.3% | unavailable |
| Net income | 217.5 m | 172.4 m | 76.4 m | 132.0 m | -11.4 m | -66.2 m | -251.3 m | -43.3 m |
| Net income YoY | +98.7% | −20.7% | −55.7% | unavailable | −108.6% | unavailable | unavailable | unavailable |
| Diluted EPS | 3.26 | 2.60 | 1.17 | 2.04 | -0.16 | -0.89 | -3.18 | -0.54 |
| Diluted EPS YoY | +88.4% | −20.2% | −55.0% | unavailable | −107.8% | unavailable | unavailable | unavailable |
| net % | 13.2% | 10.1% | 4.6% | 6.7% | -0.5% | -3.2% | -13.0% | -2.4% |
| Free cash flow | -22.0 m | 167.8 m | 4.1 m | 254.7 m | -16.3 m | 222.1 m | 103.7 m | 70.7 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 03 Jan 2026
- Cash
- 56.3 m USD
- Financial debt
- 2.0 bn USD
- Net debt
- 1.9 bn USD
- Equity
- 452.9 m USD
- Total assets
- 2.8 bn USD
- Debt / equity
- 4.31x
- Current ratio
- 3.32x
- ROE
- unavailable
- ROA
- -1.5%
- FCF margin
- 3.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.7 bn | 2.0 bn | 2.2 bn | 2.1 bn | 1.9 bn | 1.8 bn | SEC (XBRL)· 03 Mar 2026verified |
| Cost of revenue | 1.3 bn | 1.5 bn | 1.8 bn | 1.6 bn | 1.5 bn | 1.4 bn | SEC (XBRL)· 03 Mar 2026verified |
| Gross profit | 383.1 m | 481.7 m | 409.6 m | 455.5 m | 422.0 m | 398.8 m | SEC (XBRL)· 03 Mar 2026verified |
| SG&A | 160.7 m | 186.2 m | 190.4 m | 196.0 m | 188.1 m | 194.9 m | SEC (XBRL)· 03 Mar 2026verified |
| Operating income | 203.8 m | 276.4 m | 98.6 m | 80.4 m | -177.3 m | 97.1 m | SEC (XBRL)· 03 Mar 2026verified |
| Depreciation & amortisation | 58.7 m | 63.7 m | 80.5 m | 69.6 m | 68.6 m | 66.2 m | SEC (XBRL)· 03 Mar 2026verified |
| EBITDA | 262.6 m ≈ | 340.1 m ≈ | 179.2 m ≈ | 150.0 m ≈ | -108.7 m ≈ | 163.4 m ≈ | SEC (XBRL)· 03 Mar 2026derived |
| Pre-tax income | 105.7 m | 177.4 m | -18.9 m | -67.1 m | -330.5 m | -47.7 m | SEC (XBRL)· 03 Mar 2026verified |
| Income tax | 29.3 m | 45.4 m | -7.5 m | -935.0 k | -79.3 m | -4.5 m | SEC (XBRL)· 03 Mar 2026verified |
| Net income | 76.4 m | 132.0 m | -11.4 m | -66.2 m | -251.3 m | -43.3 m | SEC (XBRL)· 03 Mar 2026verified |
| Diluted EPS | 1.17 | 2.04 | -0.16 | -0.89 | -3.18 | -0.54 | SEC (XBRL)· 03 Mar 2026verified |
| Weighted average diluted shares | 65.0 m | 64.6 m | 70.5 m | 74.3 m | 79.0 m | 79.8 m | SEC (XBRL)· 03 Mar 2026verified |
| Dividend per share | 1.90 | 1.90 | 1.62 | 0.76 | 0.76 | 0.76 | SEC (XBRL)· 03 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 11.3 m | 52.2 m | 45.4 m | 41.1 m | 50.6 m | 56.3 m | SEC (XBRL)· 03 Mar 2026verified |
| Receivables | 143.9 m | 132.9 m | 150.0 m | 143.0 m | 172.3 m | 140.7 m | SEC (XBRL)· 03 Mar 2026verified |
| Inventories | 472.2 m | 492.8 m | 726.5 m | 569.0 m | 511.2 m | 420.8 m | SEC (XBRL)· 03 Mar 2026verified |
| Current assets | 661.8 m | 737.3 m | 1.0 bn | 802.8 m | 781.4 m | 739.8 m | SEC (XBRL)· 03 Mar 2026verified |
| Property, plant & equipment, net | 304.9 m | 371.9 m | 317.6 m | 302.3 m | 278.1 m | 253.4 m | SEC (XBRL)· 03 Mar 2026verified |
| Goodwill | 596.4 m | 644.7 m | 619.2 m | 619.4 m | 548.2 m | 543.8 m | SEC (XBRL)· 03 Mar 2026verified |
| Intangibles (excl. goodwill) | 1.6 bn | 2.0 bn | 1.8 bn | 1.6 bn | 1.3 bn | 1.2 bn | SEC (XBRL)· 03 Mar 2026verified |
| Total assets | 3.2 bn | 3.8 bn | 3.8 bn | 3.5 bn | 3.0 bn | 2.8 bn | SEC (XBRL)· 03 Mar 2026verified |
| Accounts payable | 114.9 m | 126.5 m | 127.8 m | 123.8 m | 113.2 m | 107.7 m | SEC (XBRL)· 03 Mar 2026verified |
| Short-term debt | 5.6 m | — | 50.0 m | 22.0 m | 5.6 m | 4.5 m | SEC (XBRL)· 03 Mar 2026verified |
| Long-term debt | 1.9 bn | 2.3 bn | 2.3 bn | 2.0 bn | 2.0 bn | 1.9 bn | SEC (XBRL)· 03 Mar 2026verified |
| Current liabilities | 216.9 m | 245.7 m | 271.5 m | 262.4 m | 236.9 m | 222.8 m | SEC (XBRL)· 03 Mar 2026verified |
| Total liabilities | 2.4 bn | 2.9 bn | 3.0 bn | 2.6 bn | 2.5 bn | 2.4 bn | SEC (XBRL)· 03 Mar 2026verified |
| Equity | 812.5 m † | 831.9 m † | 868.2 m † | 835.5 m † | 524.8 m † | 452.9 m † | SEC (XBRL)· 03 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 46.5 m | 281.5 m | 6.0 m | 247.8 m | 130.9 m | 101.4 m | SEC (XBRL)· 03 Mar 2026verified |
| Capex | 42.4 m | 26.7 m | 22.3 m | 25.7 m | 27.3 m | 30.6 m | SEC (XBRL)· 03 Mar 2026verified |
| Free cash flow | 4.1 m ≈ | 254.7 m ≈ | -16.3 m ≈ | 222.1 m ≈ | 103.7 m ≈ | 70.7 m ≈ | SEC (XBRL)· 03 Mar 2026derived |
| Investing cash flow | -124.7 m | -568.9 m | -39.1 m | 81.6 m | -27.7 m | 39.3 m | SEC (XBRL)· 03 Mar 2026verified |
| Financing cash flow | 77.7 m | 328.0 m | 45.3 m | -333.7 m | -93.0 m | -135.8 m | SEC (XBRL)· 03 Mar 2026verified |
| Dividends paid | 123.7 m | 121.9 m | 133.4 m | 56.0 m | 60.0 m | 60.6 m | SEC (XBRL)· 03 Mar 2026verified |
| Share repurchases | 34.7 m | — | — | — | — | — | SEC (XBRL)· 26 Feb 2020verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 43 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 208.9 m USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet19
- Valuation44
- Quality65
- Growth0
- Returns74
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 9.99 – 13.43 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · insufficient data
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)9.99 – 13.43 (Mid 11.46)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 43/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 2.2% | 75 (vs peers) | 15% |
| Net margin · Quality | -4.0% | 47 (vs peers) | 9% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -3.9% | 0 (on a fixed band) | 12% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 15.4x | 0 (on a fixed band) | 15% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.6x | 68 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | 17.1x | 0 (on a fixed band) | 15% |
| FCF yield · Valuation | 30.6% | 100 (on a fixed band) | 12% |
| Shareholder yield (distributions) · Returns | 29.2% | 100 (on a fixed band) | 9% |
| Payout ratio (FCF) · Returns | 95.5% | 35 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet19/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality65/100 · 2/3 factors with a value
- Returns74/100 · 2/2 factors with a value
- Valuation44/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
B&G FOODS, INC. (BGS). Latest full fiscal year: 2026; data up to 2026-07-04.
Figures computed from the financial statements: revenue 1.8 bn USD in 2026; net margin -4.0%; ROE -15.8%; net debt/EBITDA 15.4x.
The estimated value range is 9.99–13.43 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 11.46 USD, the price of 2.57 USD leaves a potential of 345.8% (value / price − 1) and a margin of safety of 77.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 43/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 2.2%
- FCF yield: 30.6%
- Shareholder yield (distributions): 29.2%
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: -3.9%
- Net debt / EBITDA: 15.4x
- EV/EBITDA: 17.1x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Interest coverage, P/E (TTM).
Versus the vertical median
Food and Kindred Products (SIC 2000) · same industry (4-digit SIC) · compared with 20 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| MDLZMondelez International, Inc. | 85.3 bn | 21.2 | 15.5% | 10.2% | +5.8% | +17% / −5% |
| CAGConagra Brands, Inc. | 7.3 bn | — | -24.9% | -17.0% | −2.9% | −14% / −46% |
| CPBThe Campbell’s Company | 6.9 bn | 17.8 | 10.4% | 4.1% | −5.0% | −24% / −42% |
| OTLYOatly Group AB | 5.1 bn | — | -247.9% | -17.7% | +4.7% | −34% / −55% |
| BYNDBeyond Meat, Inc. | 3.7 bn | — | — | 111.7% | −15.6% | −76% / −97% |
| STKHSteakholder Foods Ltd. | 2.3 bn | — | -266.3% | -112,470.0% | unavailable | −95% / −100% |
| FLOFlowers Foods Inc | 1.5 bn | 27.3 | 4.0% | 1.1% | unavailable | −34% / −66% |
| BRBRBellRing Brands, Inc. | 1.2 bn | 7.2 | — | 7.3% | +16.1% | −67% / −81% |
| SMPLThe Simply Good Foods Company | 1.2 bn | — | -9.6% | -11.5% | −6.5% | −32% / −66% |
| VITLVital Farms, Inc. | 450.8 m | — | -7.4% | -3.0% | +25.3% | −68% / −21% |
| UCFICN Healthy Food Tech Group Corp. | 287.8 m | 36.7 | 39.2% | 24.6% | +144.6% | −46% / unavailable |
| BGSB&G Foods, Inc. | 208.9 m | — | -15.8% | -4.0% | unavailable | −34% / −71% |
| CHSNChanson International Holding | 131.0 m | 112.0 | 0.5% | 1.0% | +0.2% | −99% / −100% |
| SOWGSow Good Inc. | 44.4 m | — | -346.4% | — | unavailable | −75% / −98% |
| MLECMoolec Science SA | 32.7 m | — | -86.4% | -130.0% | +521.5% | −86% / −100% |
| LSFLaird Superfood, Inc. | 26.9 m | — | -22.9% | -3.4% | +15.2% | −12% / +129% |
| BOFBranchOut Food Inc. | 25.9 m | — | -202.6% | -56.8% | +113.3% | −45% / +8% |
| BRLSBorealis Foods Inc. | 24.7 m | — | — | -56.5% | +8.2% | −38% / −90% |
| HAINThe Hain Celestial Group, Inc. | 13.7 m | — | -96.8% | -22.5% | −13.2% | −86% / −99% |
| DDCDDC Enterprise Limited | — | — | -124.4% | -123.3% | +4.6% | −96% / −100% |
| NOMDNomad Foods Limited | — | — | 5.3% | 4.5% | −2.2% | +2% / −22% |
1- and 3-year price returns: for BGS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
B&G Foods makes and distributes shelf-stable and frozen food and household brands across the United States, Canada and Puerto Rico, many with leading regional or national shares. In 2026 the company is reshaping its portfolio through acquisitions and divestitures, and second-quarter net sales fell 9.7% to 383.3 million USD 3.
SWOT
Strengths
- A portfolio of brands holding leading regional or national positions, such as Crisco and Clabber Girl, which supports shelf negotiating power 1.
- Established experience in acquiring and integrating brands, with more than fifty integrated since 1996 1.
- The recent issue of longer-dated notes to refinance near-term maturities improves the funding structure 3.
Weaknesses
- High dependence on a few large retail customers, notably one large chain that accounts for a major part of sales 1.
- A high debt level, with covenants that limit dividends and financial flexibility 1.
- Base business sales declined in the second quarter of 2026, showing volume weakness in mature categories 3.
Opportunities
Risks
- Customer concentrationhigh
One main customer and a small group of large customers account for a major part of sales, giving them bargaining power over prices and promotions 1.
- Indebtednesshigh
Total debt remains substantial, and interest costs rose after a high-coupon note issue. If operating results fall, servicing the debt could become a strain 13.
- Input and distribution costsmedium
Raw materials, packaging, energy and freight can rise sharply, and price increases to customers may lag, which could compress margins 12.
- Tariffs and international trademedium
Shifting tariffs and trade measures could raise the cost of spices, steel and products sourced from Mexico or Canada 12.
- Acquisition and divestiture executionmedium
Integrating acquired brands and achieving expected synergies is not assured, and divestitures can generate accounting losses, as happened in 2026 12.
Investment thesis
What would need to be true (bull case)
- If the leading brands in the portfolio hold their positions and the College Inn and Kitchen Basics integration lifts margins, the company could meet its published 2026 guidance 3.
- Portfolio reduction and debt refinancing could strengthen the balance sheet over the coming years if these steps are completed as planned 23.
- Price increases and mix gains in Spices & Flavor Solutions could keep supporting base business sales 3.
What would break the thesis
- Base business sales declined in the second quarter of 2026, and if volumes keep weakening, price increases may not be enough 3.
- High debt and expensive borrowing could limit investment and dividends, especially if operating results stay below expectations 13.
- Concentration on a few large customers and pressure from better-funded competitors could erode prices and margins over time 1.
What to watch
- Completion of the Green Giant Canada sale and its effect on salesQ3 2026
- Delivery against full-year guidance for net sales and adjusted EBITDA2026
- Trend in base business volumes and adjusted gross marginQ3 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Over the past year the company has reshaped its portfolio to sharpen focus, improve margins and reduce long-term debt 2. It completed the sale of the Green Giant U.S. frozen business to Seneca Foods and the acquisition of the College Inn and Kitchen Basics brands in March 2026 23. The pending sale of Green Giant Canada had not closed as of the latest report 2.
The debt load is substantial and limits financial flexibility in part, since financing agreements restrict dividends, additional borrowing and certain transactions 1. However, in June 2026 the company issued senior notes due 2031 totalling 475 million USD to refinance notes due 2027 3.
Segments
Specialty
Includes brands such as Crisco, Clabber Girl, Bear Creek, Polaner, Underwood and Static Guard, and is the segment with the most consumer brands in the portfolio 1. Until their divestiture in May 2025, the Don Pepino and Sclafani brands were also included here 1.
Meals
Groups brands such as Ortega, Maple Grove Farms, Cream of Wheat, Victoria, Mama Mary’s and Spring Tree, oriented to meal and ready-to-prepare products 1.
Market context
The U.S. food industry has traditionally grown steadily, but in recent years many traditional center-of-store brands have seen flat or modestly declining sales 1. Sales have shifted toward supercenters, clubs, natural stores, dollar stores, drugstores and e-commerce, and retail consolidation has made a number one or two market position more important 1.
Pricing pressure and large customers’ demands for promotions and lower inventories dominate the market 1. The company reports that base business volumes fell in the second quarter of 2026, while price increases partly offset the effect 3.
Trends
- Retail consolidationheadwind
Large retail chains and distributors are growing more powerful and demand lower prices and broader promotions. If this continues, margins could be pressured 1.
- Raw material and freight costsheadwind
Raw material and freight costs have stayed elevated in recent years, and the company expects freight rates to remain elevated for the rest of fiscal 2026 2.
- Trade tariffsmixed
Tariffs from 2025 and later measures following the Supreme Court ruling have created uncertainty and could raise the cost of spices and steel cans. Refunds received have partly helped, but may need to be passed on to some customers 123.
- Channel and preference shiftsmixed
Growth of e-commerce and changing consumer tastes can shift demand quickly. The company may need to invest more in marketing and innovation to hold its share 1.
Competitive position
The company competes with a large number of firms, from divisions of bigger groups to private label producers, on quality, price, promotions and brand recognition 1. Many competitors have broader product lines, greater financial resources and lower leverage 1.
Private label and other food producers investing more aggressively in technology and e-commerce could gain share if B&G Foods does not adapt quickly 1.
- Seneca Foods Corporation
Buyer of the Green Giant U.S. frozen business and the shelf-stable Green Giant line, which later became a co-manufacturing partner 13.
- Nortera Foods Inc.
Announced buyer of the Green Giant and Le Sieur lines in Canada, with completion subject to regulatory review 12.
- McCall Farms, Inc.
Buyer of the Le Sueur U.S. shelf-stable vegetable brand, one of the company’s recent divestitures 1.
- Violet Foods LLC
Buyer of the Don Pepino and Sclafani pizza and spaghetti sauce brands, divested by the company in 2025 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report13 Oct 2026Regulation FD disclosure · Other events · Financial statements and exhibits
- Current report06 Oct 2026Regulation FD disclosure · Other events · Financial statements and exhibits
- Quarterly report12 Aug 2026
- Current report11 Aug 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report11 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report10 Jun 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report04 Jun 2026Material agreement · Other events · Financial statements and exhibits
- Current report01 Jun 2026Regulation FD disclosure · Financial statements and exhibits
- Current report (amendment)01 Jun 2026Financial statements and exhibits
- Current report27 May 2026Shareholder vote
Sources
- [1] Form 10-K, fiscal year ended 2026-01-03 · SEC / B&G Foods, Inc. · 03 Mar 2026
- [2] Form 10-Q, quarter ended 2026-07-04 · SEC / B&G Foods, Inc. · 12 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / B&G Foods, Inc. · 11 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.