secwatch.observer — SEC 8-K summary
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Issuer:     B&G Foods, Inc. (BGS)
CIK:        0001278027
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001558370-24-007335
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278027/000155837024007335/0001558370-24-007335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278027/000155837024007335/bgs-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007335

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