secwatch.observer — SEC 8-K summary
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Issuer:     B&G Foods, Inc. (BGS)
CIK:        0001278027
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001558370-23-008095
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278027/000155837023008095/0001558370-23-008095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278027/000155837023008095/bgs-20230504x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-008095

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer