Mission Statement, Vision, & Core Values of B&G Foods, Inc. (BGS)

Ever wondered what drives a company that fills our pantries with iconic brands like Green Giant, Crisco, and Cream of Wheat? What are the guiding principles behind their strategic decisions?

Understanding the mission, vision, and core values of B&G Foods, Inc., a company with a market cap of $500.95 million as of April 15, 2025, and $1.93 billion in net sales for 2024, offers valuable insights into its operations and future direction. Do these values translate into tangible actions and financial performance? Read on to explore the foundation upon which B&G Foods builds its legacy and navigates the competitive food industry.

B&G Foods, Inc. (BGS) An Overview of

B&G Foods, Inc. (BGS) has a long history of acquiring and revitalizing established food brands. Founded in 1889, it has evolved into a company that focuses on shelf-stable and frozen foods across the United States, Canada, and Puerto Rico. Its portfolio includes well-known brands such as Crisco, Green Giant, Ortega, and many others.

As of April 2025, B&G Foods continues to serve a wide range of consumer needs through its diverse product offerings. These products are sold to supermarkets, wholesalers, and foodservice distributors. The company has strategically expanded its market presence through acquisitions and organic growth, adapting to changing consumer preferences and market trends.

In 2024, B&G Foods reported net sales of approximately $2.04 billion. This reflects the company's significant footprint in the food industry. Notable contributions came from brands like Crisco and Green Giant, which remain staples in many households.

B&G Foods has demonstrated a solid financial performance, driven by strategic brand management and market adaptation. Here are some key financial highlights from the latest reports:

• Net Sales: Approximately $2.04 billion in 2024.
• Gross Profit: $422.7 million in 2024.
• Strategic Acquisitions: Continued focus on acquiring and integrating complementary brands to drive growth.

B&G Foods stands as a prominent player in the packaged foods sector, recognized for its diverse brand portfolio and strategic market approach. To delve deeper into the factors behind B&G Foods' success and its journey, continue reading here: B&G Foods, Inc. (BGS): History, Ownership, Mission, How It Works & Makes Money

B&G Foods, Inc. (BGS) Mission Statement

B&G Foods, Inc., headquartered in Parsippany, New Jersey, is a prominent player in the North American packaged food sector. Founded in 1889, the company has a diverse portfolio of well-established brands, including well-known brands such as Green Giant, Ortega, Mrs. Dash, and Old El Paso. As of December 28, 2024, the company employed 2,784 people.

B&G Foods' mission statement reflects its commitment to growth through strategic acquisitions and brand development. The mission statement is: 'We're committed to acquiring and investing in established food brands and making them more relevant for our customers and consumers. Our growth strategy ensures that we change from one day to the next, always improving, but one thing remains constant: delicious food from our family to yours.'

This mission statement underscores several key aspects of B&G Foods' business philosophy:

• Acquisition and Investment: B&G Foods focuses on acquiring established food brands with a history and reputation.
• Relevance to Customers: The company aims to keep its brands relevant by adapting to changing consumer preferences.
• Continuous Improvement: B&G Foods is dedicated to ongoing improvement in its operations and offerings.
• Consistent Quality: Despite changes and improvements, the company remains committed to providing 'delicious food.'

B&G Foods' business model is centered around acquiring and nurturing a portfolio of well-known food brands. In July 2024, B&G Foods partnered with Made by Alex to introduce the B&G Pickleball Bag x Made by Alex. The company generates revenue through retail sales, food service, and e-commerce.

B&G Foods' value proposition centers on providing high-quality, affordable food products. The company focuses on brand recognition, ensuring rigorous quality standards, and continuous innovation.

B&G Foods recognizes the importance of making a difference in the communities where it operates. One of the company’s philanthropic principles is to promote food security. In June 2024, B&G Foods emphasized its commitment to providing nutritious foods to those in need through partnerships with non-profit organizations like America's Grow-a-Row (AGAR). Over 50% of B&G Foods' corporate employees based in New Jersey volunteered during the harvest.

B&G Foods released its inaugural Corporate Social Responsibility (CSR) Report in January 2024, outlining its goals, commitments, and programs across a wide range of CSR and environmental, social and governance (ESG) issues.

B&G Foods' core values are integral to its operations and company culture. These values guide the company's actions and contribute to its success. B&G Foods' core values include:

• Passion
• Food Safety & Quality
• Integrity & Accountability
• Customer & Consumer Focus
• Safety & Health at Work
• Diversity & Inclusion
• Collaboration
• Empowerment

These values reflect B&G Foods' commitment to ethical conduct, product quality, customer satisfaction, and employee well-being.

B&G Foods is committed to acquiring and investing in established food brands and making them more relevant for our customers and consumers. The company's growth strategy ensures continuous improvement while maintaining its commitment to providing delicious, high-quality foods.

Explore more about B&G Foods and its investors: Exploring B&G Foods, Inc. (BGS) Investor Profile: Who’s Buying and Why?

B&G Foods, Inc. (BGS) Vision Statement of

While direct access to B&G Foods, Inc.'s official vision statement as of April 2025 may be limited, we can infer their strategic direction and aspirations by examining their recent financial performance, strategic initiatives, and core values. These elements, combined with industry trends, provide a comprehensive understanding of the company's overarching goals.

Financial Performance and Market Position

B&G Foods, Inc. reported net sales of approximately $2.04 billion for fiscal year 2024. The company's ability to maintain and grow its market share in a competitive landscape underscores its commitment to delivering value to both consumers and shareholders. Exploring B&G Foods, Inc. (BGS) Investor Profile: Who’s Buying and Why?

Strategic Initiatives and Innovation

A key aspect of B&G Foods' vision involves strategic acquisitions and brand management. Recent activities indicate a focus on:

• Expanding its portfolio through the acquisition of established brands with growth potential.
• Investing in product innovation to meet evolving consumer preferences.
• Optimizing its supply chain and operational efficiencies to enhance profitability.

These initiatives align with a vision focused on sustainable growth and enhanced shareholder value. For example, the company's emphasis on cost savings initiatives and supply chain efficiencies contributed to adjusted EBITDA of $317.3 million in fiscal year 2024, reinforcing their commitment to financial performance.

Core Values and Corporate Responsibility

B&G Foods' vision is also reflected in its commitment to corporate responsibility and sustainability. While specific details may not be explicitly stated, their actions suggest a focus on:

• Operating with integrity and ethical business practices.
• Promoting environmental sustainability through responsible sourcing and production methods.
• Supporting the communities in which they operate through philanthropic efforts.

These values contribute to a broader vision of creating long-term value for all stakeholders, including employees, customers, and the environment.

Looking Ahead

Based on B&G Foods, Inc.'s recent performance and strategic initiatives, their vision for the future likely includes:

• Achieving sustainable revenue growth through strategic acquisitions and product innovation.
• Enhancing profitability through operational efficiencies and cost management.
• Maintaining a strong market position by delivering high-quality products that meet consumer needs.
• Fostering a culture of corporate responsibility and sustainability.

By focusing on these key areas, B&G Foods, Inc. aims to create long-term value for its shareholders and stakeholders while remaining a leader in the food industry.

B&G Foods, Inc. (BGS) Core Values of

While specific, formally published core values for B&G Foods are not readily available, we can infer key values from their actions, strategic priorities, and statements made by company leadership. These inferred values drive their business conduct and contribute to their overall success.

Here are some inferred core values with supporting data and examples:

Growth and Performance:

B&G Foods consistently seeks growth through acquisitions and organic expansion. This drive for growth suggests a core value centered on performance and achieving results.

• Financial Performance: In 2024, B&G Foods reported net sales of approximately $2.04 billion.
• Acquisition Strategy: The company has a history of acquiring established brands to expand its portfolio and market presence. For example, previous acquisitions have significantly contributed to their revenue growth.

Quality and Reliability:

As a food company, maintaining the quality and reliability of its products is paramount. This commitment to quality is evident in their quality control measures and brand reputation.

• Product Quality:B&G Foods emphasizes maintaining high standards in its manufacturing processes to ensure product safety and quality.
• Consumer Trust: The company's portfolio includes many well-known brands that have built trust with consumers over time.

Efficiency and Cost Management:

To maintain profitability and competitiveness, B&G Foods likely emphasizes efficiency and cost management across its operations.

• Operating Expenses: In 2024, B&G Foods reported selling, general and administrative expenses of $276.9 million, or 13.6% of net sales. Continuous efforts to manage these expenses effectively reflect a focus on efficiency.
• Supply Chain Optimization: The company focuses on optimizing its supply chain to reduce costs and improve efficiency.

Innovation and Adaptability:

In the dynamic food industry, innovation and adaptability are essential for staying competitive. This value is reflected in their efforts to introduce new products and adapt to changing consumer preferences.

• New Product Development:B&G Foods invests in new product development to meet evolving consumer tastes and preferences.
• Market Trends: The company monitors market trends and adapts its product offerings to capitalize on emerging opportunities.

Customer Focus:

Understanding and meeting customer needs is crucial for success in the food industry. This customer-centric approach is likely a key value for B&G Foods.

• Consumer Insights:B&G Foods utilizes consumer insights to inform product development and marketing strategies.
• Customer Satisfaction: The company aims to maintain high levels of customer satisfaction through quality products and responsive customer service.

These inferred core values provide insights into how B&G Foods operates and makes decisions. While not explicitly stated, these values are evident in their business practices and contribute to their overall success in the food industry.

For more insights into B&G Foods and its investors, check out: Exploring B&G Foods, Inc. (BGS) Investor Profile: Who’s Buying and Why?