---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-008095"
form_type: "8-K"
ticker: "BGS"
cik: "0001278027"
company_name: "B&G Foods, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T20:50:56.960158+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# B&G Foods Q1 net sales $511.8M (-3.9%); adj. EBITDA up 12.9% to $82.4M, reaffirms FY guidance

## Summary
- Diluted EPS $0.05 (-85.3% YoY); adjusted diluted EPS $0.27 (-6.9% YoY).
- Gross profit margin improved to 22.3% (19.0% Q1 2022) on pricing recovery.
- Base business net sales down 1.2%; spices +9.6%, Green Giant -7.3%, Crisco -8.4%.
- Net interest expense up 47.1% to $39.4M on higher variable rates; used $121M to prepay term loans.
- FY 2023 guidance reaffirmed: net sales $2.13-2.17B, adj. EBITDA $310-330M, adj. EPS $0.95-1.15.

## SEC filing metadata
- accession: 0001558370-23-008095
- form_type: 8-K
- ticker: BGS
- cik: 0001278027
- company_name: B&G Foods, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1278027/000155837023008095/0001558370-23-008095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1278027/000155837023008095/bgs-20230504x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-008095
- JSON: https://secwatch.observer/filing/0001558370-23-008095.json
- Plain text: https://secwatch.observer/filing/0001558370-23-008095.txt

## Key facts
- Earnings Releases
  B&G Foods, Inc. reported first quarter of 2023 results: revenue $511.8 million, net income $3.4 million, EPS $0.05. Guidance reaffirmed.
  - Period: first quarter of 2023
  - Revenue: $511.8 million
  - Net income: $3.4 million
  - EPS: $0.05
  - Guidance: reaffirmed
  - Result: reported results
  source text: reductions in key soybean and other commodities.” ​ Financial Results for the First Quarter of 2023 Net sales for the first quarter of 2023 decreased $20.6 million, or 3.9%, to $511.8 million from $532.4 million for the first quarter of 2022. The decrease was primarily attributable to the Back to Nature divestiture, partially offset by the Yuma acquisition. Net sales
  evidence_url: https://www.sec.gov/Archives/edgar/data/1278027/000155837023008095/0001558370-23-008095-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.