It Looks Like B&G Foods, Inc.'s (NYSE:BGS) CEO May Expect Their Salary To Be Put Under The Microscope
Key Insights
- B&G Foods will host its Annual General Meeting on 15th of May
- Salary of US$1.19m is part of CEO Casey Keller's total remuneration
- The total compensation is 54% higher than the average for the industry
- Over the past three years, B&G Foods' EPS fell by 97% and over the past three years, the total loss to shareholders 76%
The results at B&G Foods, Inc. (NYSE:BGS) have been quite disappointing recently and CEO Casey Keller bears some responsibility for this. Shareholders can take the chance to hold the board and management accountable for the unsatisfactory performance at the next AGM on 15th of May. This will be also be a chance where they can challenge the board on company direction and vote on resolutions such as executive remuneration. The data we present below explains why we think CEO compensation is not consistent with recent performance.
View our latest analysis for B&G Foods
Comparing B&G Foods, Inc.'s CEO Compensation With The Industry
Our data indicates that B&G Foods, Inc. has a market capitalization of US$377m, and total annual CEO compensation was reported as US$5.1m for the year to December 2024. Notably, that's a decrease of 36% over the year before. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$1.2m.
For comparison, other companies in the American Food industry with market capitalizations ranging between US$200m and US$800m had a median total CEO compensation of US$3.3m. Accordingly, our analysis reveals that B&G Foods, Inc. pays Casey Keller north of the industry median. Furthermore, Casey Keller directly owns US$2.1m worth of shares in the company.
| Component | 2024 | 2023 | Proportion (2024) |
| Salary | US$1.2m | US$1.1m | 23% |
| Other | US$3.9m | US$6.8m | 77% |
| Total Compensation | US$5.1m | US$8.0m | 100% |
On an industry level, roughly 21% of total compensation represents salary and 79% is other remuneration. It's interesting to note that B&G Foods pays out a greater portion of remuneration through salary, compared to the industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
A Look at B&G Foods, Inc.'s Growth Numbers
B&G Foods, Inc. has reduced its earnings per share by 97% a year over the last three years. Its revenue is down 7.1% over the previous year.
Few shareholders would be pleased to read that EPS have declined. And the fact that revenue is down year on year arguably paints an ugly picture. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.
Has B&G Foods, Inc. Been A Good Investment?
Few B&G Foods, Inc. shareholders would feel satisfied with the return of -76% over three years. Therefore, it might be upsetting for shareholders if the CEO were paid generously.
In Summary...
Given that shareholders haven't seen any positive returns on their investment, not to mention the lack of earnings growth, this may suggest that few of them would be willing to award the CEO with a pay rise. At the upcoming AGM, management will get a chance to explain how they plan to get the business back on track and address the concerns from investors.
CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. We identified 2 warning signs for B&G Foods (1 doesn't sit too well with us!) that you should be aware of before investing here.
Important note: B&G Foods is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.