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Dec 30, 2023
B&G Foods Q4 2023 Earnings Report
B&G Foods' Q4 2023 financial results reflected divestitures and progress in margins and cash flows.
Key Takeaways
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.
Net sales decreased by 7.2% to $578.1 million due to divestitures and pricing.
Base business net sales decreased by 2.3% to $562.3 million.
Diluted EPS was $0.03, a decrease of 91.2%, while adjusted diluted EPS was $0.30, a decrease of 25.0%.
The company completed the divestiture of Green Giant U.S. canned vegetables.
Revenue by Segment
Forward Guidance
B&G Foods provided guidance for fiscal year 2024, including net sales, adjusted EBITDA, and adjusted diluted earnings per share.
Positive Outlook
- Net sales are expected to be in the range of $1.975 billion to $2.020 billion.
- Adjusted EBITDA is expected to be in the range of $305 million to $325 million.
- Adjusted diluted earnings per share are expected to be in the range of $0.80 to $1.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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