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B&G Foods

BGS
22
Packaged Foods · Consumer Defensive
Price
$3.46
+0.13 (+3.90%)
Market Cap
$280.8M
Winston Score
22
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jul 4, 2026
How the score breaks down
Quality
Mixed
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available
Dividends
Good

Share count rising — dilution

+21.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 65.7M (2022) → 79.8M (2026)

Winston Score History

The full picture

B&G Foods makes shelf-stable grocery products that people buy at supermarkets across the United States. Its portfolio includes well-known brands like Green Giant vegetables, Cream of Wheat, Crisco, Ortega, and Spice Islands. The company focuses on mature, everyday food categories and owns dozens of smaller brands that have been around for decades.

B&G Foods earns money by selling packaged food products to grocery retailers, warehouse clubs, and mass-market stores. It operates almost entirely in the United States and generates roughly $2 billion in annual revenue. The company built its business by acquiring older, established brands rather than building new ones, but that strategy loaded it with significant debt, which is now a serious pressure point. With rising input costs, a heavy debt load, and consumers trading down to store brands, B&G Foods faces real challenges maintaining profitability and funding future growth.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-9.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+58.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Insider Activity

5.0%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$592M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

B&G Foods's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
20.8%
Thin — 20.8% gross margin
Profit after running costs
Operating Margin
9.0%
Modest — 9.0% operating margin
Return on the money invested
ROCE
6.2%
Weak — 6.2% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
-4.9%
Shrinking sales (-4.9% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
3.6%
Thin free cash flow (3.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
6.38
Heavy debt load (6.38)
Covers its interest
Interest Cover
1.19x
Dangerous — barely covers interest (1.2x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
10.98%
Healthy income — 10.98% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
-25.0%
Dividend cut (-25.0% YoY) — warning sign

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