secwatch.observer — SEC 8-K summary
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Issuer:     B&G Foods, Inc. (BGS)
CIK:        0001278027
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001558370-22-017147
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

B&G Foods Q3 GAAP loss of $0.83 per share, cuts dividend 60% to $0.76 annual, lowers FY22 EBITDA guidance
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- GAAP net loss $59.6M (diluted EPS -$0.83) vs net income $20.7M (EPS $0.32) in Q3 2021.
- Adjusted diluted EPS $0.31, down 43.6% YoY; adjusted EBITDA $80.2M, down 16.6% YoY.
- Annual dividend cut from $1.90 to $0.76 per share; expects ~$54.5M in aggregate FY2023 payments.
- FY2022 guidance: net sales reaffirmed $2.10-2.14B; adjusted EBITDA revised to $290-300M; adjusted EPS $0.90-1.00.
- Recorded $103.6M non-cash impairment for Back to Nature assets held for sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278027/000155837022017147/0001558370-22-017147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278027/000155837022017147/bgs-20221109x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-017147

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