secwatch.observer — SEC 8-K summary
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Issuer:     B&G Foods, Inc. (BGS)
CIK:        0001278027
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001558370-24-014428
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 Q3 net sales down 8.3% to $461.1M; FY guidance cut on slow recovery
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- Q3 diluted EPS $0.09 vs. ($1.11) YoY; adjusted diluted EPS $0.13 vs. $0.27.
- Base business net sales fell 4.4% on unit volume decline of 4.7%.
- Frozen & Vegetables segment sales down 19.7% (incl. Green Giant divestiture); segment EBITDA down 73.8%.
- FY2024 guidance revised: net sales $1.92-1.95B, adjusted EBITDA $295-305M, adj. EPS $0.67-0.77.
- Completed redemption of $265.4M of 5.25% senior notes due 2025 in October 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278027/000155837024014428/0001558370-24-014428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278027/000155837024014428/bgs-20241105x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014428

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