secwatch.observer — SEC 8-K summary
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Issuer:     B&G Foods, Inc. (BGS)
CIK:        0001278027
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001558370-22-007356
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

B&G Foods Q1 EPS drops 34.6% to $0.34; gross margin falls to 19.0% on input cost inflation
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- Net sales up 5.4% to $532.4M; base business net sales up 5.6% to $532.2M.
- Diluted EPS $0.34 (down 17.1% YoY); adjusted diluted EPS $0.34 (down 34.6% YoY).
- Gross profit margin 19.0% vs 23.3% a year ago, hit by raw material and transportation cost inflation.
- FY22 guidance: adj. EBITDA $348-358M (down), adj. diluted EPS $1.65-1.75, net sales raised to $2.10-2.14B.
- Gain of $7.1M on sale of Portland, ME facility, partially offset by $2.2M closure costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278027/000155837022007356/0001558370-22-007356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278027/000155837022007356/bgs-20220505x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-007356

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