earnings
confidence high
sentiment negative
materiality 0.80
B&G Foods Q4 net loss $4.8M, adj. EPS $0.39; FY21 adj. EPS $1.88, down 16.8%
B&G Foods, Inc.
2021-FY EPS reported
$1.02
revenue$2,056,264,000
- Q4 net loss $4.8M (diluted EPS -$0.07) vs net income $12.2M in Q4 2020; includes $23.1M non-cash impairment charges on four brands.
- Q4 net sales $571.8M (+12.1% YoY); Crisco contributed $68M; base business net sales down 1.1% on unit volume decline.
- FY21 net sales $2,056.3M (+4.5% YoY); Crisco added $255.7M; base business net sales down 8.3% vs pandemic-driven FY20.
- FY22 guidance: net sales $2.07-2.125B; adj. EBITDA $358-368M; adj. diluted EPS $1.70-1.85.
- Sold 3.7M shares via ATM equity offering in FY21 for $112.5M gross proceeds; used to repay revolving credit.