---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001833"
form_type: "8-K"
ticker: "BGS"
cik: "0001278027"
company_name: "B&G Foods, Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T10:50:09.828401+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# B&G Foods Reports Q4 and Full Year 2023 Results; Adjusted EBITDA Up 5.7% for the Year

## Summary
- Q4 2023 net sales were $578.1M, down 7.2% vs Q4 2022, impacted by Green Giant and Back to Nature divestitures.
- Full year 2023 adjusted EBITDA rose 5.7% to $318.0M, with adjusted EBITDA margin improving to 15.4% from 13.9%.
- Long-term debt decreased by $340.1M during fiscal 2023; net cash from operations increased by $241.8M.
- Q4 2023 included $20.5M in non-cash impairment charges for brands Baker's Joy, Molly McButter, Sugar Twin, and New York Flatbreads.
- FY 2024 guidance: net sales $1.975B-$2.020B, adjusted EBITDA $305M-$325M, adjusted diluted EPS $0.80-$1.00.

## SEC filing metadata
- accession: 0001558370-24-001833
- form_type: 8-K
- ticker: BGS
- cik: 0001278027
- company_name: B&G Foods, Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1278027/000155837024001833/0001558370-24-001833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1278027/000155837024001833/bgs-20240227x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001833
- JSON: https://secwatch.observer/filing/0001558370-24-001833.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001833.txt

## Key facts
- Earnings Releases
  B&G Foods, Inc. updated its the fourth quarter and full year 2023 guidance (initiated).
  - Period: the fourth quarter and full year 2023
  - Guidance: initiated
  - Result: reported results
  source text: B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2023 — Net Cash Provided by Operating Activities Increased by $241.8 Million for Full Year 2023 — — Principal Amount of Long-Term Debt Decreased by $340.1 Million During Full Year 2023 — Parsippany, N.J., February 27, 2024—B&G Foods, Inc. (NYSE: BGS) today announced financial results for the fourth quarter and full year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1278027/000155837024001833/0001558370-24-001833-index.htm

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