B&G Foods experienced a decline in net sales and gross profit in Q1 2025 compared to the previous year, primarily due to decreased volume, net pricing, and product mix. Despite this, the company reported a significant increase in net income and operating income, largely due to the absence of the goodwill impairment charges that impacted the prior year. Adjusted EBITDA also saw a decrease.
B&G Foods' fourth quarter 2024 results were in line or slightly above expectations, with net sales decreasing by 4.6% to $551.6 million and a net loss of $222.4 million, largely impacted by the Green Giant U.S. shelf-stable divestiture and $320.0 million in intangible asset impairment charges. Adjusted EBITDA saw a slight decrease of 0.8% to $86.1 million.
B&G Foods reported a decrease in net sales for Q3 2024, primarily due to the divestiture of the Green Giant U.S. shelf-stable product line and a decrease in unit volume. However, the company's net income increased compared to the same period last year, mainly due to non-cash charges recorded in Q3 2023 related to the Green Giant U.S. shelf-stable divestiture.
B&G Foods reported a net sales decrease of 5.3% to $444.6 million for the second quarter of 2024, with diluted EPS at $0.05 and adjusted diluted EPS at $0.08. The company revised its full-year fiscal 2024 guidance, including net sales, adjusted EBITDA, and adjusted diluted earnings per share.
B&G Foods reported a net sales decrease of 7.1% to $475.2 million, driven by the Green Giant U.S. shelf-stable divestiture, lower net pricing, product mix, and decreased unit volume. The company had a net loss of $40.2 million, or $0.51 per diluted share. Adjusted EBITDA decreased by 8.9% to $75.0 million.
B&G Foods reported a decrease in net sales for Q4 2023, primarily due to divestitures and pricing impacts, but demonstrated improved margins and stronger cash flows. Diluted EPS was $0.03, while adjusted diluted EPS was $0.30. The company completed the Green Giant U.S. canned vegetables divestiture to strengthen its portfolio focus.
B&G Foods reported a decrease in net sales by 4.9% to $502.7 million, primarily due to a decrease in unit volume and the Back to Nature divestiture. Diluted EPS was reported at $(1.11), while adjusted diluted EPS was $0.27. The company's net loss was $(82.7) million, but adjusted EBITDA increased slightly by 0.2% to $80.4 million.
B&G Foods reported a decrease in net sales by 1.9% to $469.6 million, but demonstrated strong profit and margin recovery with gross profit as a percentage of net sales increasing by more than 500 basis points compared to Q2 2022. Diluted EPS was $0.15, and adjusted diluted EPS increased by 114.3% to $0.15. Net income increased significantly to $10.6 million, and adjusted EBITDA increased by 26.4% to $68.5 million.
B&G Foods reported a decrease in net sales by 3.9% to $511.8 million for the first quarter of 2023, compared to $532.4 million in the same quarter of 2022. Diluted EPS was $0.05, a decrease of 85.3%. Net income decreased by 85.6% to $3.4 million. However, adjusted EBITDA increased by 12.9% to $82.4 million, reflecting pricing recovery against inflationary costs.
B&G Foods reported a strong recovery in Q4 2022, with net sales increasing by 9.0% to $623.2 million. The growth was driven by increased net pricing and product mix, which offset volume declines. Diluted EPS was $0.34, and adjusted diluted EPS was $0.40, a 2.6% increase year-over-year. The company expects continued margin recovery into fiscal year 2023.
B&G Foods reported a 2.6% increase in net sales for Q3 2022, driven by pricing actions that covered roughly 80% of commodity and cost inflation. Margins improved from the previous quarter, and the company is on track for a solid fourth quarter.
B&G Foods reported a 3.1% increase in net sales for the second quarter of 2022, driven by higher net pricing and product mix, which was offset by volume declines and supply chain issues. The company is working to mitigate inflation's impact on gross profit through pricing and cost-saving measures.
B&G Foods reported a 3.9% increase in net sales to $515.0 million for Q3 2021, driven by the Crisco acquisition, but diluted EPS decreased 55.6% to $0.32 and adjusted EBITDA decreased 8.1% to $96.2 million due to comparisons against extraordinary demand in Q3 2020 and industry-wide input cost inflation.
B&G Foods reported a decrease in net sales by 9.4% to $464.4 million and a decrease in diluted earnings per share by 45.7% to $0.38, primarily due to comparisons against the extraordinary demand during the COVID-19 pandemic in the second quarter of 2020. The company reaffirmed its net sales guidance at a range of $2.05 billion to $2.10 billion.
B&G Foods reported a 12.4% increase in net sales to $505.1 million for the first quarter of 2021, driven by the Crisco acquisition. Diluted earnings per share decreased 6.8% to $0.41, while adjusted diluted earnings per share increased 13.0% to $0.52. The company reaffirmed its net sales guidance for the full year fiscal 2021 at a range of $2.05 billion to $2.10 billion.
B&G Foods reported an 8.5% increase in net sales to $510.2 million for the fourth quarter of 2020, driven by the Crisco acquisition, net pricing, and increased demand due to the COVID-19 pandemic. Diluted earnings per share increased 18.8% to $0.19, and adjusted diluted earnings per share increased 25.0% to $0.35.
B&G Foods reported a 22.0% increase in net sales to $495.8 million and a 50.6% increase in net income to $46.8 million for the third quarter of 2020, benefiting from strong demand due to the COVID-19 pandemic and an extra reporting week.
B&G Foods reported a significant increase in net sales and earnings for the second quarter of 2020, primarily driven by increased demand for its products due to the COVID-19 pandemic. Net sales increased by 38.1% to $512.5 million, and net income increased by 146.1% to $44.9 million.
B&G Foods reported a strong first quarter of 2020, with net sales increasing by 8.9% to $449.4 million and diluted earnings per share increasing by 69.2% to $0.44. The company benefited from increased demand for its products due to the COVID-19 pandemic and the acquisition of Clabber Girl.
B&G Foods reported a net sales increase of $12.1 million, reaching $470.2 million for Q4 2019. Diluted earnings per share were $0.16, with adjusted diluted earnings per share at $0.28. Net income stood at $10.3 million, while adjusted EBITDA increased by $11.0 million to $69.5 million.