BGS Earnings Prediction
The chart below shows how BGS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BGS sees a -2.32% change in stock price 10 days leading up to the earnings, and a -4.29% change 10 days following the report. On the earnings day itself, the stock moves by +0.80%. This data can give you a slight idea of what to expect for the next quarter's release.
BGS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
461.07M
-8.29%
3.71%
Gross Margin
21.09%
-2.41%
7.88%
Operating Margin
11.40%
-8.65%
10.57%
Net Margin
1.62%
109.84%
82.02%
EPS
0.09
108.11%
80.00%
No Data Available
BGS Earnings Analysis
B&G Foods, Inc. Corporation (BGS.N) Earnings Conference Call
Positive
Sales and EBITDA Performance: Third quarter net sales of $461.1 million and adjusted EBITDA of $70.4 million were somewhat below expectations, but the company continues to see growth in key segments.
Spices and Flavor Growth: The Spices and Flavor Solutions business showed positive trends, with a 2.6% increase in Q3 driven by the growth of fresh produce and proteins in the perimeter of the store.
New Product Launch: The company launched a new line of licensed seasoning and grilling blends under the 46s brand, featured in the Yellowstone television franchise, indicating strong product development efforts.
Portfolio Restructuring Strategy: B&G Foods continues to reshape and restructure its portfolio to sharpen focus, improve margins, and maximize future value creation, which is a high priority for the company.
Fiscal 2024 Sales Guidance: The company is revising its fiscal 2024 guidance to reflect net sales of $1.92 billion to $1.95 billion, indicating a positive outlook for the upcoming year.
Negative
Sales and EBITDA Performance: Third quarter net sales of $461.1 million and adjusted EBITDA of $70.4 million were somewhat below expectations.
Net Sales Decline: Base business net sales decreased by approximately 3% compared to the year ago period.
EBITDA Decline Analysis: Adjusted EBITDA of $70.4 million decreased by $10 million compared to the third quarter of 2023.
Meals Segment Sales Decline: Sales for the Meals segment decreased by 3.9% versus last year.
Specialty Segment Sales Decline: Specialty segment Q3 net sales declined by 9.9% versus last year.
BGS FAQs
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BGS Earning Call Sentiment
B&G Foods, Inc. (BGS) Q3 2024 Earnings Call Transcript
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BGS.N
4.22%Positive
The earnings call summary highlights several negative factors: a decline in net sales, adjusted EBITDA, and net income, along with increased net interest expenses. The Q&A section reveals concerns about competitive pressures, input cost inflation, and cautious outlook on recovery. Despite some positive segments, the overall sentiment is negative due to weak financial performance, competitive challenges, and lack of clear guidance. No new partnerships or shareholder return enhancements were announced, further contributing to a negative outlook.
