secwatch.observer — SEC 8-K summary
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Issuer:     B&G Foods, Inc. (BGS)
CIK:        0001278027
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001558370-23-013221
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 Q2 adjusted EPS $0.15 vs $0.07 YoY; reaffirms FY guidance
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- Net sales $469.6M (-1.9% YoY) driven by Back to Nature divestiture; base business net sales +0.1%.
- Gross margin 21.8% vs 16.0% YoY, driven by pricing and moderating input costs; adjusted EBITDA $68.5M (+26.4%).
- Adjusted diluted EPS $0.15 vs $0.07 YoY; net income $10.6M vs $0.3M.
- Full-year guidance: net sales revised to $2.11-2.13B; reaffirmed adjusted EBITDA $310-330M and adj. EPS $0.95-1.15.
- Repurchased $24.4M of 5.25% senior notes due 2025 at 95.74% of par, resulting in $0.8M pre-tax gain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278027/000155837023013221/0001558370-23-013221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278027/000155837023013221/bgs-20230803x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013221

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