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This statistic highlights B&G Foods’ Revenue by Region, split across International and Domestic, reported on an annual basis from 2013 onwards.
B&G Foods, located in Parsippany, New Jersey, is an American branded foods holding business. Bloch & Guggenheimer, a Manhattan-based maker of pickles, relish, and condiments founded in 1889, was acquired by the firm in 1996. B&G has been a publicly listed company since 2007, and its principal growth strategy is to buy “orphaned” brands, or those that are no longer relevant to their parent firm’s primary business. Between 1997 and 2017, the firm acquired 20 brands, principally frozen and shelf-stable foods, and as of 2018, it has 51 brands.
|Region||2016||2017||2018||Revenue Mix by Region in 2018|
(All figures are in billions, except percentages)
B&G Foods’ total revenue increased from $1.39 billion earned in 2016 to $1.72 billion earned in 2018, marking a 23.7% growth in 2 years. It also grew by 3% on a yearly basis, as compared to $1.67 billion earned in 2017.
B&G Foods’ revenue can be further bifurcated into the following regions:
B&G Foods’ businesses produce, market, and distribute branded shelf-stable and frozen foods throughout Canada, Puerto Rico, and many other countries. There’s something for everyone in its wide array of over 50 brands, including B&G, B&M, Back to Nature, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, Mrs. Dash, Ortega, New York Style, Spice Islands, Polaner, and Victoria.
The majority of B&G Foods’ is generated from the International region, accounting for 92.7% of the company’s total revenue in 2018, amounting to $1.60 million. It grew by 23% in two years, as compared to $1.30 billion earned in 2016. It also witnessed an increment of 2.5% on a yearly basis, when compared to $1.56 billion earned in 2017.
B&G Foods is headquartered at Parsippany-Troy Hills, New Jersey, United States. The company domestically manufactures and supplies its products all over the US.
B&G Foods’ revenue from the Domestic region has increased from $0.11 billion earned in 2017 to $0.12 billion earned in 2018, marking a growth of 9% on a year-on-year basis. It also increased by 33.33% in a period of 2 years, when compared to $0.09 billion earned in 2016. It accounted for 7.3% of the total revenue generated in 2018 by the company.
B&G Foods manufactures, sells, and distributes a wide range of branded, high-quality, shelf-stable, and frozen food and home items throughout the United States, Canada, and Puerto Rico. Many of its branded items have significant market share in their respective regional or national markets. In general, the company positions its items to appeal to consumers looking for a high-quality, low-cost item. Institutional and foodservice sales, as well as private label sales, supplement their branded product retail sales. B&G Foods has been in operation for nearly 125 years, encompassing its subsidiaries and predecessors. The company’s business has a proven track record of organic and acquisition-related growth. Organic expansion, prudent acquisitions of comparable branded businesses, and new product development are all part of its strategy to expand sales, profitability, and cash flows. It has effectively purchased and merged over 45 businesses into the firm since 1996.
On November 25, 1996, B&G Foods was incorporated in Delaware and was then known as B Companies Holdings Corp. It changed its name to B&G Foods Holdings Corp on August 11, 1997. B&G Foods Inc., then its fully owned subsidiary, was merged with and into the company on October 14, 2004, and was renamed B&G Foods, Inc. B&G Foods’ stock goes by the ticker symbol ‘BGS’ and is listed on the New York Stock Exchange (NYSE).
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