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B&G Foods Holdings (BGS)
NYSE:BGS
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.3Last Year’s EPS
$0.3Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -17.57%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Negative
The earnings call presented a challenging outlook with declines in net sales and EBITDA, impacted by competitive pressures and unfavorable foreign exchange. Although there are some areas of growth and strategic moves to improve the portfolio, the overall sentiment reflects caution due to the continued challenges in the market.Company Guidance
During the B&G Foods third-quarter 2024 earnings call, the company reported net sales of $461.1 million and adjusted EBITDA of $70.4 million, which fell short of expectations. Key financial metrics highlighted include a 3% decrease in base business net sales, excluding Crisco, and a decline in adjusted EBITDA from the previous year, attributed to factors such as foreign exchange impacts, competitive pricing, and reduced retail inventories. The company noted that its Spices & Flavor Solutions segment experienced a 2.6% increase in net sales, while the Meals segment saw a 3.9% decrease. The guidance for the remainder of fiscal 2024 was revised to reflect anticipated net sales of $1.92 billion to $1.95 billion and adjusted EBITDA between $295 million and $305 million. Looking forward, B&G Foods expects a gradual recovery and stabilization in fiscal year 2025, with improvements anticipated in financial metrics as the consumer environment stabilizes.Spices & Flavor Solutions Growth
The Spices & Flavor Solutions segment showed positive trends with a 2.6% increase in Q3 net sales, aided by the growth of fresh fruit and proteins in grocery.
Successful Refinancing
B&G Foods successfully refinanced its revolver, Term Loan B, and senior secured notes, eliminating near-term maturities and improving its debt structure.
Portfolio Shaping and Strategic Focus
B&G Foods is committed to reshaping and restructuring its portfolio to sharpen focus, improve margins, and maximize future value creation, including potential divestitures.
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BGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $8.82 | $7.07 | -19.84% |
| Aug 06, 2024 | $8.48 | $8.26 | -2.59% |
| May 08, 2024 | $11.05 | $7.92 | -28.33% |
| Feb 27, 2024 | $8.84 | $10.72 | +21.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does B&G Foods Holdings (BGS) report earnings?
B&G Foods Holdings (BGS) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is B&G Foods Holdings (BGS) earnings time?
B&G Foods Holdings (BGS) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BGS EPS forecast?
BGS EPS forecast for the fiscal quarter 2024 (Q4) is $0.3.
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