8-K
filed February 28, 2023, 6:59 PM ET
ticker BGS
CIK 0001278027
earnings
confidence high
sentiment neutral
materiality 0.80
B&G Foods Q4 net sales +9.0%, adj. EPS $0.40; FY2022 adj. EBITDA $301M; guides FY2023 adj. EBITDA $310-330M
B&G Foods, Inc.
2022-FY EPS reported
-$0.16
revenue$2,163,000,000
- Q4 net sales $623.2M (+9.0% YoY); base business net sales +8.9% to $622.8M.
- Q4 adjusted diluted EPS $0.40 (+2.6% YoY); GAAP diluted EPS $0.34 vs loss $0.07.
- FY2022 adjusted EBITDA $301.0M (-15.9% YoY); GAAP net loss $11.4M vs income $67.4M.
- FY2023 guidance: net sales $2.13-2.17B, adj. EBITDA $310-330M, adj. diluted EPS $0.95-1.15.
- Back to Nature business sold; non-cash impairment charges of $106.4M in FY2022.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
B&G Foods, Inc. reported Full Year Fiscal 2023 results: revenue $2.13 billion to $2.17 billion, EPS $0.95 to $1.15. Guidance initiated.
- Period
- Full Year Fiscal 2023
- Revenue
- $2.13 billion to $2.17 billion
- EPS
- $0.95 to $1.15
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Guidance for Full Year Fiscal 2023 (which does not include the recently divested Back to Nature business) ● Net sales range of $2.13 billion to $2.17 billion. ● Adjusted EBITDA range of $310 million to $330 million. ● Adjusted diluted earnings per share range of $0.95 to $1.15.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
B&G Foods, Inc. reported Fiscal Year 2022 results: revenue $2,163.0 million, net income $(11.4) million, EPS $(0.16) per diluted share.
- Period
- Fiscal Year 2022
- Revenue
- $2,163.0 million
- Net income
- $(11.4) million
- EPS
- $(0.16) per diluted share
- Result
- reported results
Exact text from the filing
10.0 % $ 301.0 (15.9) % Guidance for Full Year Fiscal 2023 (which does not include the recently divested Back to Nature business) ● Net sales range of $2.13 billion to $2.17 billion. ● Adjusted EBITDA range of $310 million to $330 million. ● Adjusted diluted earnings per share range of $0.95 to $1.15. Commenting on the results, Casey Keller, President and
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
B&G Foods, Inc. reported Fourth Quarter of 2022 results: revenue $623.2 million, net income $24.3 million, EPS $0.34 per diluted share.
- Period
- Fourth Quarter of 2022
- Revenue
- $623.2 million
- Net income
- $24.3 million
- EPS
- $0.34 per diluted share
- Result
- reported results
Exact text from the filing
over year margin recovery into fiscal 2023.” Financial Results for the Fourth Quarter of 2022 Net sales for the fourth quarter of 2022 increased $51.4 million, or 9.0%, to $623.2 million from $571.8 million for the fourth quarter of 2021. The increase was primarily due to increases in net pricing and the impact of product mix, partially offset by volume declines
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.