B&G Foods Holds Key Position in IQF Vegetables Market Study
December 21, 2023
🌥️Trending News
A comprehensive study of the IQF (Individually Quick Frozen) Vegetables market has recently been released, featuring key players such as B&G ($NYSE:BGS) Foods Holdings, Inc., Capricorn Food Products India Pvt. Ltd., and others. B&G Foods Holdings, Inc. is a leading global food manufacturer and marketer, with an extensive portfolio of well-known brands in North America. They are best known for their production of shelf-stable items such as canned and dry goods, but have recently made their mark in the IQF Vegetables market. Their various products include canned vegetables, sauces, salad dressings, condiments, frozen vegetables, and other specialty items. B&G Foods Holdings, Inc. has firmly established itself as a leader in the IQF Vegetables market, offering quality products at an affordable price.
Their commitment to providing consumers with the highest quality products at the best possible prices ensures that B&G Foods Holdings, Inc. will continue to be a major player in the IQF Vegetables market for years to come. Their dedication to innovation, customer service, and quality assurance makes them an ideal partner for anybody looking to expand their IQF Vegetables options.
Market Price
On Monday, B&G FOODS opened its stock trading day at $10.8 and ended the day at $10.6, representing a decrease of 1.9% compared to its previous closing price of 10.8. This marks a key position in the IQF Vegetables Market Study. B&G FOODS is a leading food company that specializes in IQF (individually quick frozen) vegetables and fruits. They offer a wide range of products and services across the globe, including consumer-packaged goods, foodservice products, and supply chain solutions.
The company boasts a unique freezing process that helps preserve the taste and quality of the vegetables and fruits without the need for additives or preservatives. This process has made them a key player in the IQF Vegetables Market Study as it has enabled them to provide customers with consistently high-quality products. Furthermore, their wide selection of products and range of services make them an ideal partner for supermarkets, restaurants, and other food businesses looking for reliable suppliers of IQF vegetables and fruits. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for B&g Foods. More…
| Total Revenues | Net Income | Net Margin |
| 2.11k | -44.47 | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for B&g Foods. More…
| Operations | Investing | Financing |
| 210.05 | 29.84 | 60.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for B&g Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.96k | 3.12k | 10.69 |
Key Ratios Snapshot
Some of the financial key ratios for B&g Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.0% | -4.7% | 5.2% |
| FCF Margin | ROE | ROA |
| 8.9% | 8.0% | 1.7% |
Analysis
GoodWhale’s analysis of B&G FOODS‘s wellbeing conduct has revealed that the company is classified as a ‘cow’ on GoodWhale’s Star Chart- a type of company that is known for paying out consistent and sustainable dividends. This makes it an attractive option for investors who are looking for a reliable source of income. B&G FOODS has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that the company might be able to safely ride out any crisis without the risk of bankruptcy. We found it to be strong in dividend, medium in profitability and weak in asset growth. Therefore, investors looking for long-term stability should consider investing in B&G FOODS. More…
Peers
The company’s products are sold through a network of retailers and distributors in the United States and Canada. B&G Foods competes with Sanderson Farms Inc, Sovos Brands Inc, and J&J Snack Foods Corp in the branded and private label food product market.
– Sanderson Farms Inc ($NASDAQ:SOVO)
SOVOS Brands Inc is a food and beverage company that owns and operates a portfolio of food and beverage brands. The company’s brands include Sovos, a line of premium spirits and wine; and The Republic of Tea, a line of premium teas. The company also owns and operates a number of other food and beverage brands, including VOSS water, an ultra-premium bottled water brand; and LaCroix, a line of sparkling waters. The company has a market cap of 1.4B as of 2022 and a Return on Equity of -1.89%.
– Sovos Brands Inc ($NASDAQ:JJSF)
J&J Snack Foods Corp is a leading manufacturer and marketer of snack foods and beverages. The company’s products include soft pretzels, frozen beverages, and other snacks. J&J Snack Foods Corp has a market cap of 2.74B as of 2022. The company’s return on equity is 5.74%. J&J Snack Foods Corp is a publicly traded company listed on the NASDAQ Stock Market.
Summary
B&G Foods Holdings is a leading food manufacturer and marketer in the United States, specializing in shelf-stable foods such as canned and frozen vegetables, condiments and sauces, snacks, olives, pickles, and many more. Investors looking to invest in this company should analyze its financials carefully, as well as its strategic initiatives, competitive landscape, and outlook. Its financials show steady profits and revenue growth over time, while its strategic initiatives focus on expanding product offerings and selling existing products through new distribution channels. The company faces strong competition from other food manufacturers, but its competitive advantages include the broad range of products it offers and its strong presence in the US market.
Additionally, its outlook is positive due to new product launches and increasing demand for its products.
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