---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007335"
form_type: "8-K"
ticker: "BGS"
cik: "0001278027"
company_name: "B&G Foods, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:49:29.447133+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# B&G Foods Q1 net loss $40.2M; goodwill impairment $70.6M; lowers FY2024 guidance

## Summary
- Net loss $40.2M ($0.51 diluted EPS) vs net income $3.4M in Q1 2023; adjusted diluted EPS $0.18 vs $0.27.
- Net sales $475.2M, down 7.1% YoY; base business net sales down 4.4%.
- Goodwill impairment of $70.6M in Frozen & Vegetables segment triggered by segment restructuring.
- Revised FY2024 guidance: net sales $1.955-$1.985B, adj. EBITDA $300-$320M, adj. EPS $0.75-$0.95.
- Adjusted EBITDA $75.0M, down 8.9% from $82.4M; margin 15.8% vs 16.1%.

## SEC filing metadata
- accession: 0001558370-24-007335
- form_type: 8-K
- ticker: BGS
- cik: 0001278027
- company_name: B&G Foods, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1278027/000155837024007335/0001558370-24-007335-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1278027/000155837024007335/bgs-20240508x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007335
- JSON: https://secwatch.observer/filing/0001558370-24-007335.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007335.txt

## Key facts
- Earnings Releases
  B&G Foods, Inc. reported Full Year Fiscal 2024 results: revenue $1.955 billion to $1.985 billion, EPS $0.75 to $0.95.
  - Period: Full Year Fiscal 2024
  - Revenue: $1.955 billion to $1.985 billion
  - EPS: $0.75 to $0.95
  - Result: guidance update
  source text: Guidance for Full Year Fiscal 2024 ● Net sales revised to a range of $1.955 billion to $1.985 billion. ● Adjusted EBITDA revised to a range of $300 million to $320 million. ● Adjusted diluted earnings per share revised to a range of $0.75 to $0.95.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1278027/000155837024007335/0001558370-24-007335-index.htm
- Earnings Releases
  B&G Foods, Inc. reported first quarter of 2024 results: revenue $475.2 million, net income $(40.2) million, EPS $(0.51) per diluted share.
  - Period: first quarter of 2024
  - Revenue: $475.2 million
  - Net income: $(40.2) million
  - EPS: $(0.51) per diluted share
  - Result: reported results
  source text: and clarify the portfolio for sharper focus and fit.” Financial Results for First Quarter of 2024 Net sales for the first quarter of 2024 decreased $36.6 million, or 7.1%, to $475.2 million from $511.8 million for the first quarter of 2023. The decrease was primarily attributable to the Green Giant U.S. shelf-stable divestiture, a decrease in net pricing, the impact
  evidence_url: https://www.sec.gov/Archives/edgar/data/1278027/000155837024007335/0001558370-24-007335-index.htm

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