B&G Foods’ Green Giant sale runs into antitrust concerns in Canada
Canada's Competition Bureau is seeking to block B&G Foods' sale of its Green Giant and Le Sueur brands in Canada to Nortera Foods, citing antitrust concerns. The Bureau claims the acquisition would reduce competition, leading to higher prices and fewer choices for consumers, as Nortera already dominates the Canadian market for certain canned and frozen vegetables. B&G Foods stated it is evaluating options and believes the transaction is in the best interest of all stakeholders.
Canada Regulators Advise Blocking B&G Foods-Nortera Foods Deal
Canada's Competition Bureau has recommended blocking B&G Foods' sale of its Green Giant and Le Sieur brands in Canada to Nortera Foods, citing concerns that the deal would reduce competition, increase prices, and limit consumer options. B&G Foods expressed disappointment and is exploring legal and operational alternatives. This potential blockage follows B&G's recent portfolio restructuring, including other sales and acquisitions.
Canadian watchdog challenges B&G’s Green Giant, Le Sieur sale
Canada's Competition Bureau is attempting to block B&G Foods' sale of its Green Giant and Le Sieur frozen and shelf-stable vegetable lines in Canada to Nortera Foods. The watchdog is concerned the acquisition could lead to higher prices, fewer choices, and less innovation for consumers in an already concentrated market. Both B&G Foods and Nortera disagree with the bureau's assessment, arguing the sale would strengthen the Canadian vegetable business and create efficiencies, and are evaluating their options as the legal process moves forward.
Canada watchdog aims to block B&G veg brand disposals to Nortera
Canada's Competition Bureau is seeking to block B&G Foods' sale of its Green Giant and Le Sieur vegetable businesses in Canada to Nortera Foods, arguing the transaction would lead to higher prices, fewer choices, and less competition. Nortera and B&G Foods expressed disappointment with the watchdog's stance, with B&G evaluating multiple options. This proposed deal is part of B&G's strategy to offload assets and reduce debt.
Canada’s Competition Bureau moves to block Nortera’s acquisition of Green Giant and Le Sieur business
Canada’s Competition Bureau is seeking to prevent Nortera Foods' proposed acquisition of B&G Foods Canada's Green Giant and Le Sieur vegetable business, citing concerns that the deal would significantly reduce competition in the country's canned and frozen vegetable market. The Bureau argues that Nortera is already a dominant player, and this acquisition would eliminate its only major national brand competitor, potentially leading to higher prices and fewer choices for consumers. B&G Foods has expressed disappointment with the decision and is evaluating alternative options.
Canada regulator seeks to block B&G Foods’ Green Giant sale By Investing.com
Canada's Competition Bureau is seeking to block B&G Foods Inc.'s proposed sale of its Green Giant and Le Sieur frozen and shelf-stable business in Canada to Nortera. B&G Foods disagrees with the decision, believing the transaction benefits stakeholders and Canadian consumers, and is currently evaluating multiple options including legal and regulatory alternatives. The company, based in Parsippany, New Jersey, manufactures and distributes branded foods across North America and plans to provide updates as the situation develops.
Media Advisory - Competition Bureau to hold technical briefing on challenge of Nortera's proposed acquisition of B&G's Green Giant and Le Sieur Canadian vegetable business
The Competition Bureau will hold a technical briefing for media regarding its challenge of Nortera Foods Inc.'s proposed acquisition of B&G Foods Canada's Green Giant and Le Sieur brands. The Bureau has filed an application with the Competition Tribunal to block the deal, citing concerns that it would harm competition and lead to higher prices and fewer choices for Canadian consumers. The briefing will provide additional context on these concerns, with opening remarks from Anthony Durocher and a Q&A session including Ariane Jaros-Denis.
B&G Foods (BGS) Q2 2026 Earnings Call Transcript
B&G Foods reported its Q2 2026 earnings, detailing a multiyear portfolio reshaping strategy involving divestitures of lower-margin businesses and acquisitions of higher-margin brands. The company reaffirmed its full-year 2026 financial guidance for net sales, adjusted EBITDA, and adjusted diluted EPS despite facing base business volume declines and macroeconomic headwinds. Key updates included a CEO transition, the establishment of a contract manufacturing business for Green Giant US frozen, and the impact of the College Inn and Kitchen Basics acquisitions.
5 Insightful Analyst Questions From B&G Foods’s Q2 Earnings Call
B&G Foods reported a 9.7% year-on-year revenue decline in Q2, missing analyst estimates, although non-GAAP profit met expectations. Management attributed weak sales to recent divestitures. The article highlights five key analyst questions from the earnings call, covering topics such as tariff refunds, brand performance, portfolio reshaping, and contract manufacturing.
5 Insightful Analyst Questions From B&G Foods’s Q2 Earnings Call
B&G Foods reported a Q2 revenue decline but met profit expectations, attributed to divestitures and challenging industry conditions. Despite weak sales, the company managed to grow adjusted EBITDA and net cash, supported by operational improvements and cost reductions. Analyst questions during the earnings call focused on tariff refunds, brand performance, portfolio reshaping, and the new contract manufacturing business, providing deeper insights into the company's strategic direction.
B&G Foods (BGS) Stock Sees Fair Value Cut As Analysts Trim Targets
Analysts have cut the fair value estimate for B&G Foods (BGS) stock by approximately 19%, from US$5.20 to US$4.20, with price targets now ranging from US$3 to US$4.50, largely due to cautious outlooks following weaker-than-expected Q2 sales and gross profit. While some analysts maintain neutral stances, others cite concerns like a faster cycle of food divestitures and high leverage. The reduction in fair value reflects revised expectations for revenue growth, net profit margin, future P/E, and a higher discount rate.
B&G Foods Names Rob Mills President, CEO
B&G Foods, Inc. has appointed Robert "Rob" D. Mills as its new president and chief executive officer, succeeding Casey Keller. Mills, who has been on B&G Foods' board since 2018, brings over two decades of leadership experience and a background in driving growth and strategic development. His appointment aligns with B&G Foods' ongoing efforts to reshape its portfolio, improve financial performance, and achieve sustainable long-term growth.
Expectations are high for new B&G Foods CEO
B&G Foods Inc. has appointed Robert Mills as its new president and CEO, with expectations for him to quickly enhance focus and improve business performance. Mills, a long-standing board member with extensive experience from Tractor Supply Co. and Ulta Beauty, is tasked with strengthening execution, maximizing core brands, and improving productivity. The company also reported its fiscal 2026 second-quarter results, showing a reduced net loss and increased adjusted net earnings, while reaffirming its full-year outlook.
B&G Foods (NYSE: BGS) swings to deeper loss as debt climbs and dividend is cut
B&G Foods (NYSE: BGS) reported a deeper net loss and lower sales for the thirteen and twenty-six weeks ended July 4, 2026, primarily due to divestitures and increased interest expenses, despite efforts to reshape its brand portfolio. The company's long-term debt has risen to $2.52 billion, including new 11.00% senior notes due 2031, and its quarterly dividend was cut from $0.19 to $0.095 per share. B&G Foods is focusing on its remaining four operating segments and cost controls while navigating high leverage and ongoing portfolio adjustments.
B&G Foods (NYSE: BGS) grants CEO Robert Mills 900,000 options and restricted stock
B&G Foods (NYSE: BGS) reported that its President & CEO, Robert D. Mills, received a sign-on equity package. This package includes 134,408 shares of restricted common stock, vesting in three equal installments on December 31, 2026, 2027, and 2028, bringing his direct common share holdings to 234,064. Additionally, Mills was granted 900,000 stock options with an exercise price of $3.40, which also vest in three equal installments on the same dates and expire on August 10, 2036.
B&G Foods, Inc. Stock 12‑Month Price Target Cut to $4.2, Implies 23% Upside
B&G Foods, Inc. (BGS) has seen its average 12-month price target cut by analysts from $4.8 to $4.2, with forecasts ranging from $3 to $5 per share. Based on the August 11 closing price, this new target suggests a potential upside of approximately 23%. The consensus rating from 5 covering analysts remains "Hold," with four analysts recommending Hold and one recommending Sell.
B&G Foods Q2 Earnings Rise on Portfolio Reshaping and Margin Gains
B&G Foods (BGS) reported a 50% increase in adjusted earnings per share for Q2 fiscal 2026, driven by improved margins and contributions from higher-margin businesses, despite a decline in net sales. The company's portfolio reshaping, including divestitures and acquisitions, significantly altered its sales mix and contributed to profitability. B&G Foods reaffirmed its fiscal 2026 financial guidance, anticipating continued benefits from strategic portfolio changes.
B&G Foods Names Rob Mills as President and CEO
B&G Foods, Inc. has appointed Robert "Rob" D. Mills as its new president and chief executive officer, succeeding Kenneth C. Keller. Mills, who has served on B&G Foods' Board of Directors since 2018, brings over 20 years of experience in operating and leadership, including roles at Tractor Supply Company and Ulta Beauty Inc. His appointment comes as the company aims to reshape its portfolio, improve margins, reduce debt, and strengthen business performance for long-term growth, with a focus on execution, digital capabilities, and portfolio management.
B&G Foods sets sights on M&A following disposals
B&G Foods has announced that it is actively pursuing mergers and acquisitions after completing two disposals earlier this year. This strategic shift comes as Robert Mills takes over as the new CEO following Casey Keller’s retirement. The company aims to strengthen its portfolio through these new M&A activities.
B&G’s new CEO expected to ‘move quickly’
B&G Foods Inc. has appointed Robert Mills as its new president and CEO, with expectations for him to rapidly improve business performance and sharpen the company's focus. Mills, who has served on B&G's board for eight years, brings extensive experience in technology, digital commerce, and large-scale transformation from his previous roles at Tractor Supply Co. and Ulta Beauty. The company anticipates Mills will prioritize strengthening execution, maximizing core brands, improving productivity, and accelerating strategies for sustainable growth, leveraging his expertise in digital transformation, data, and AI.
B&G Foods names Robert Mills as new CEO
B&G Foods has appointed Robert Mills as its new president and CEO, succeeding Casey Keller. Mills, who has served on the company's board since March 2018, will focus on reshaping the portfolio, improving margins, and reducing debt. This leadership change aims to position the company for sustainable long-term growth, following a first-quarter net loss of $32.5 million.
B&G Foods names Robert Mills as new CEO
B&G Foods has appointed Robert Mills as its new president and CEO, succeeding Casey Keller. Mills, who has been on the company's board since 2018, takes immediate charge, aiming to position the business for sustainable long-term growth by reshaping its portfolio, improving margins, and reducing debt. This leadership change follows a period where B&G Foods reported a net loss of $32.5 million in its first-quarter results.
B&G Foods Names Mills President and Chief Executive Officer
B&G Foods, Inc. has appointed Robert “Rob” D. Mills as its new president and chief executive officer, succeeding Casey Keller. Mills, who has been on the company's Board of Directors since 2018, brings over 20 years of operating and leadership experience, including expertise in corporate strategy and M&A. His appointment aims to accelerate B&G Foods' strategic priorities, focusing on portfolio reshaping, margin improvement, debt reduction, and leveraging digital and AI for growth.
Renaissance Technologies LLC Increases Stake in B&G Foods, Inc. $BGS
Renaissance Technologies LLC significantly increased its stake in B&G Foods, Inc. by 395.1% in the first quarter of 2026, bringing its total to 420,800 shares valued at $2.0 million. Despite this increased institutional interest, B&G Foods faces challenges with its revenue falling short of expectations and analysts maintaining a cautious "Reduce" rating with a $4.38 price target. The company recently declared a quarterly dividend of $0.095 per share, offering an 11.2% yield, even as its stock opened near its 52-week low.
B&G Foods (BGS) Releases Q2 2026 Earnings: Revenue Declines, Net Loss Widens
B&G Foods (BGS) reported a decline in Q2 2026 revenue, which fell 9.7% year-over-year to $383.3 million, missing estimates. The company posted a net loss of $4.0 million, or ($0.05) per diluted share, despite an increase in operating profit and cash from operating activities. Insider trading activity showed three sales and no purchases in the last six months, while institutional investors had mixed activity.
B&G Foods Names Board Member Rob Mills CEO
B&G Foods Inc. has appointed Robert D. "Rob" Mills as its new president and CEO, effective August 10, 2026. Mills, who has served on the company's board since 2018, succeeds Kenneth C. Keller, who retired. He brings a strong background in technology, digital operations, and P&L management from his previous roles at Tractor Supply Co., Ulta Beauty Inc., and Sears Holdings Corp., with a focus on leveraging digital and AI to drive growth and operational efficiency.
B&G Foods hires board member as new CEO
B&G Foods, Inc. has appointed Robert D. Mills as its new president and chief executive officer, succeeding Kenneth “Casey” Keller who retired. Mills has been a board member at B&G since March 2018 and brings over 20 years of operating and leadership experience, most recently from Tractor Supply Co. The board believes his deep understanding of the business and proven leadership will accelerate B&G Foods’ strategic priorities and create long-term value.
B&G Foods Names President, CEO Successor to Retired Keller
B&G Foods Inc. has appointed Robert "Rob" D. Mills as its new president and chief executive officer, effective August 10, 2026. Mills, who has been on B&G's board since 2018, succeeds Kenneth C. Keller. He brings over 20 years of leadership experience, most recently from Tractor Supply Co., as B&G Foods continues to work on reshaping its portfolio, improving margins, and reducing debt.
B&G Foods Names Rob Mills CEO to Accelerate Portfolio Transformation
B&G Foods Inc. has appointed Rob Mills as its new President and CEO, effective immediately. Mills, a longtime board director and former Tractor Supply executive, will focus on reshaping the company's portfolio, improving profitability, and reducing leverage. His expertise in corporate strategy, M&A, and digital commerce is expected to drive transformation and strengthen the company's operational performance amidst challenges faced by established packaged food companies.
B&G Foods Appoints Robert D. Mills as President and Chief Executive Officer
B&G Foods, Inc. has announced the appointment of Robert D. Mills as its new President and Chief Executive Officer, effective immediately. Mr. Mills, who has been a member of B&G Foods' Board of Directors since March 2018, succeeds Casey Keller. He brings over 20 years of operating and leadership experience, including expertise in driving growth, corporate strategy, M&A, and business development.
B&G Foods Appoints Robert D. Mills as President and Chief Executive Officer
B&G Foods, Inc. has announced the appointment of Robert "Rob" D. Mills as its new President and Chief Executive Officer, effective immediately. Mills, who has been a board member since 2018, succeeds Casey Keller and brings over 20 years of leadership experience with a focus on growth and long-term strategy. The company is currently focused on reshaping its portfolio, improving margins, reducing debt, and strengthening business performance for sustainable long-term growth.
B&G Foods Appoints Robert D. Mills as President and Chief Executive Officer
B&G Foods, Inc. has appointed Robert "Rob" D. Mills as its new President and Chief Executive Officer, effective immediately. Mills, a long-time member of B&G Foods' Board of Directors, succeeds Casey Keller and brings extensive experience in strategy, M&A, digital commerce, and technology from his previous role at Tractor Supply Company. His appointment aims to accelerate B&G Foods' strategic priorities, including portfolio reshaping, margin improvement, debt reduction, and leveraging technology for growth.
B&G Foods names new president, CEO
B&G Foods, Inc. has appointed Robert D. Mills as its new president and chief executive officer, succeeding Kenneth “Casey” Keller. Mills, who has over 20 years of experience and has served on B&G's board since 2018, previously held leadership roles at Tractor Supply Co. and Ulta Beauty. The board believes Mills's deep understanding of the company and his proven ability to lead transformation will accelerate B&G Foods' strategic priorities and create long-term value.
RBC Capital Maintains B&G Foods(BGS.US) With Hold Rating, Maintains Target Price $6
RBC Capital has maintained its Hold rating on B&G Foods (BGS.US) and kept its target price at $6. This indicates that the analyst firm sees the stock as likely to perform in line with the market, with no significant expected upside or downside based on current valuations and market conditions.
B&G Foods, Inc. (BGS) stock price, news, quote and history
This page provides a comprehensive overview of B&G Foods, Inc. (BGS) stock, including its current price, recent performance metrics, and historical data. It also details the company's profile, financial highlights, earnings trends, analyst insights, and compares it to similar companies in the packaged foods industry. Investors can find information about upcoming earnings calls and key events related to BGS.
B&G Foods Announces Retirement of CEO Casey Keller, Selection of Successor
B&G Foods has announced the retirement of its President and CEO, Kenneth C. “Casey” Keller, after five years with the company. Keller's retirement is effective August 7, and he will assist with the leadership transition. The Board of Directors has already selected his successor, who currently holds a senior leadership position at another public company, and an announcement is expected soon.
B&G Foods leader retires, opens door for successor
Kenneth “Casey” Keller, President and CEO of B&G Foods, is retiring after five years with the company, effective August 7. He will assist with the leadership transition. B&G Foods' board has selected a successor, whose identity will be announced later in coordination with reporting requirements.
B&G Foods CEO to step down after 5 years
Casey Keller, CEO of B&G Foods, is stepping down after five years, during which he focused on divesting noncore assets and reducing debt. His replacement, who currently holds a senior leadership position at another public company, will be announced "shortly." The incoming CEO faces challenges like consumer shifts away from processed foods and reduced spending due to inflation, which contributed to a recent 3.9% decline in B&G Foods' net sales.
B&G Foods CEO and president Keller announces retirement
Kenneth C. "Casey" Keller, president and CEO of B&G Foods, announced his retirement effective August 7th after five years with the company. The board has selected a successor from another public company, whose identity will be disclosed shortly. Keller expressed pride in the company's accomplishments, including strategic divestitures and acquisitions, and his contributions to reshaping the portfolio.
B&G Foods, Inc. (NYSE:BGS) to Issue $0.10 Quarterly Dividend
B&G Foods, Inc. (NYSE:BGS) has declared a quarterly dividend of $0.095 per share, payable on October 30th to shareholders of record on September 30th, representing an annualized yield of 10.7%. The company's stock has been trading near its 52-week low and reported a 3.9% year-over-year revenue decline in its last quarter, though EPS matched estimates. Analysts expect the company to cover its projected $0.38 annual dividend with next year's earnings.
B&G Foods’ CEO Keller to Retire
Kenneth C. “Casey” Keller, president, CEO, and board member of B&G Foods Inc., will retire effective August 7, 2026. The company has already selected a successor who has accepted the offer but requested their identity remain private for now. During his five-year tenure, Keller led B&G through significant portfolio reshaping, including divestitures and acquisitions.
B&G to name new CEO as Casey Keller retires
B&G Foods Inc. is set to appoint a new CEO as current president and CEO, Kenneth “Casey” Keller, retires on August 7. The company has hired a successor from another public company, whose name will be revealed later. Keller is credited with reshaping B&G's portfolio through divestitures and acquisitions, despite the company's recent financial struggles, including net losses and declining sales in 2025 and Q1 2026.
B&G Foods CEO Casey Keller to Retire as Board Names Successor
B&G Foods (NYSE: BGS) has announced that President and CEO Kenneth C. "Casey" Keller will retire on August 7, 2026, after five years in the role. His successor, currently a senior leader at another public company, will be named later to accommodate their current employer's disclosure requirements. Keller will assist during the transition, following a succession plan designed to ensure continuity and support the company's strategic priorities amid ongoing portfolio reshaping.
Press Release: B&G Foods Declares Regular Quarterly Dividend
B&G Foods has declared a regular quarterly dividend of $0.19 per share of common stock. The dividend is payable on October 30, 2026, to shareholders of record as of September 30, 2026. This announcement reflects the company's consistent return of value to its investors.
B&G Foods Announces Retirement of CEO and Selection of Successor
B&G Foods, Inc. announced that CEO Kenneth C. “Casey” Keller will retire on August 7, 2026, after five years in the position. The Board has already selected a successor from another public company, whose identity will be disclosed shortly. Keller expressed pride in the company's accomplishments and portfolio reshaping during his tenure.
B&G Foods CEO Casey Keller to retire
B&G Foods Inc. has announced that CEO Kenneth “Casey” Keller will retire on August 7, 2026. The company has hired a successor, whose name is being withheld pending formal announcement. Keller has been CEO since June 2021 and is credited with efforts to reshape the company's portfolio despite financial struggles and a halved dividend.
B&G Foods picks next CEO; identity remains undisclosed for now
B&G Foods (NYSE: BGS) has announced that its President and CEO, Kenneth C. "Casey" Keller, will retire on August 7, 2026, after five years in the position. The company's Board of Directors has already selected a successor who currently holds a senior leadership role at another public company. At the request of the incoming CEO, their identity has not yet been disclosed but is expected to be announced shortly.
B&G Foods declares quarterly dividend of $0.095 per share By Investing.com
B&G Foods, Inc. (NYSE:BGS) has announced a regular quarterly cash dividend of $0.095 per share of common stock, payable on October 30, 2026, to stockholders of record as of September 30, 2026. This dividend represents an annualized yield of 10.7% based on Tuesday's closing market price and is the 88th consecutive quarterly dividend declared by the company. B&G Foods manufactures and distributes a variety of shelf-stable and frozen foods, including well-known brands like Crisco and Cream of Wheat.
B&G Foods, Inc. Declares Regular Quarterly Cash Dividend, Payable on October 30, 2026
B&G Foods, Inc. has announced a regular quarterly cash dividend of $0.095 per share of common stock. The dividend is scheduled for payment on October 30, 2026, to stockholders who are on record as of September 30, 2026. This announcement follows previous financial activities by the company, including senior notes offerings and earlier dividend declarations.
B&G Foods declares quarterly dividend of $0.095 per share By Investing.com
B&G Foods, Inc. (NYSE:BGS) has announced a regular quarterly cash dividend of $0.095 per share of common stock. This dividend will be payable on October 30, 2026, to stockholders of record as of September 30, 2026, representing an annualized yield of 10.7% based on Tuesday's closing market price. This marks the 88th consecutive quarterly dividend declared by the company since its IPO in 2004.
