earnings
confidence high
sentiment negative
materiality 0.75
B&G Foods Q4 net loss $222M on $320M impairment; FY2025 adj. EPS guidance $0.65-$0.75
B&G Foods, Inc.
2024-FY EPS reported
-$3.18
revenue$1,932,454,000
- GAAP diluted EPS Q4 ($2.81) vs $0.03 prior year; adjusted diluted EPS $0.31, up 3.3%.
- Net sales Q4 $551.6M (-4.6% YoY); full year $1,932.5M (-6.3%); base business net sales down 1.9% in Q4.
- Q4 pre-tax impairment of $320M on Green Giant, Victoria, Static Guard, McCann's intangibles; $70.6M goodwill impairment in Q1.
- FY2025 guidance: net sales $1.89B-$1.95B, adj. EBITDA $290M-$300M, adj. diluted EPS $0.65-$0.75 vs FY2024 adj. EPS $0.70.
- Frozen & Vegetables segment adj. EBITDA turned negative to ($3.3M) in Q4; Specialty segment adj. EBITDA grew 4.8%.