B&G Foods Benefiting from Need and Rediscovery | 2020-11-09

B&G Foods Benefiting from Need and Rediscovery |  2020-11-09

PARSIPPANY, NJ. – B&G Foods, Inc. sees its resurgence from fiscal 2020 performance rooted in two themes – necessity and rediscovery. In the early days of the pandemic, when consumer mobility was limited and most consumer packaged goods purchases were at retail, B&G Foods sales soared. As lockdowns eased and mobility increased, consumers stayed closer … Read more

Credit Suisse lowers outlook for B&G and Conagra | 2021-01-05

Credit Suisse lowers outlook for B&G and Conagra |  2021-01-05

NEW YORK – On January 5, Credit Suisse downgraded its ratings for B&G Foods, Inc. and Conagra for “underperforming”, while lowering its price target for both packaged food companies. Robert Moskow, a research analyst at Credit Suisse, noted in a Jan. 5 research report that the price target for B&G Foods, based in Parsippany, NJ, … Read more

Interest in cooking and baking keeps B&G Foods on solid footing | 2021-08-06

Interest in cooking and baking keeps B&G Foods on solid footing |  2021-08-06

PARSIPPANY, NJ. — Recognizing that the company would not match the net sales that got a big boost during the COVID-19 pandemic, Kenneth C. Keller, President and CEO, said that B&G Foods, Inc. in 2019, driven by continued growth and interest in cooking, baking and eating at home. “B&G’s core business is up 7% in … Read more

Labor issues are challenging for the consumer goods industry | 09-13-2021

Labor issues are challenging for the consumer goods industry |  09-13-2021

KANSAS CITY – Work, always a challenging issue for food manufacturers, has become even more so since the coronavirus pandemic began in March 2020. In presentations at the recent Barclays Global Consumer Staples virtual conference, held 8-9 September, executives at many major consumer packaged goods companies were asked how well they are addressing the labor … Read more

General Mills and others warm up to the hot cereal category

General Mills and others warm up to the hot cereal category

KANSAS CITY — A multinational company, a socially active company and a brother and sister who appeared on the TV show “Shark Tank” have launched new products in the hot cereal/oats category in 2021. General Mills, Minneapolis, has seen market share gains in US cereals for four consecutive years, and new hot cereal launches could … Read more

Continued inflation pressures B&G Foods quarterly earnings

Continued inflation pressures B&G Foods quarterly earnings

PARSIPPANY, NJ. — The net income of B&G Foods, Inc. plummeted in the last quarter as the company experienced continued input pressure and higher operating costs. “Simply put, our price action has yet to catch up with the higher inflation that flows into our cost of goods sold,” said Kenneth Charles Keller, president and chief … Read more

B&G Foods: ‘We’re Not Into Snacks In Style Anymore’

B&G Foods: ‘We’re Not Into Snacks In Style Anymore’

PARSIPPANY, NY. — B&G Foods, Inc. completed the sale of its Back to Nature business in January. The divestment represented a strategic exit from the snacks corridor. “We’re not into snacks in style anymore,” said Bruce C. Wacha, chief financial officer, during a May 4 conference call to discuss first-quarter results. “It is not a … Read more