secwatch.observer — SEC 8-K summary
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Issuer:     B&G Foods, Inc. (BGS)
CIK:        0001278027
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001558370-22-002560
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

B&G Foods Q4 net loss $4.8M, adj. EPS $0.39; FY21 adj. EPS $1.88, down 16.8%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278027/000155837022002560/0001558370-22-002560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278027/000155837022002560/bgs-20220301x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-002560

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