secwatch.observer — SEC 8-K summary
======================================

Issuer:     B&G Foods, Inc. (BGS)
CIK:        0001278027
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001558370-24-011078
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

B&G Foods Q2 net sales down 5.3% to $444.6M; adjusted EPS $0.08; goodwill impairment $70.6M
--------------------------------------------------------------------------------

- Net sales $444.6M (-5.3% YoY); base business net sales -2.5%; diluted EPS $0.05 (-66.7%).
- Adjusted diluted EPS $0.08 (-46.7%); adjusted EBITDA $63.9M (-6.6%).
- First-half net loss $36.3M ($0.46 loss per share) due to $70.6M goodwill impairment in Frozen & Vegetables.
- Full year guidance lowered: net sales $1.945B-$1.970B, adj. EBITDA $300M-$315M, adj. EPS $0.70-$0.90.
- Completed $250M tack-on of 8.00% senior secured notes due 2028; refinanced credit facility extending maturities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278027/000155837024011078/0001558370-24-011078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278027/000155837024011078/bgs-20240806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011078

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