B&G Foods, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2023
February 27, 2024 at 04:05 pm EST
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B&G Foods, Inc. reported earnings results for the fourth quarter and full year ended December 30, 2023. For the fourth quarter, the company reported sales was USD 578.13 million compared to USD 623.23 million a year ago. Net income was USD 2.58 million compared to USD 24.3 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.34 a year ago.
For the full year, sales was USD 2,062.31 million compared to USD 2,163 million a year ago. Net loss was USD 66.2 million compared to USD 11.37 million a year ago. Basic loss per share from continuing operations was USD 0.89 compared to USD 0.16 a year ago. Diluted loss per share from continuing operations was USD 0.89 compared to USD 0.16 a year ago.
B&G Foods, Inc. manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. The Company complements its branded product retail sales with institutional and foodservice sales and private label sales. Its products include frozen and canned vegetables, crackers, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, bagel chips, spices, hot sauces, baking soda, corn starch, nut clusters and other specialty products. The Company has more than 50 brands, including B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Maryâs, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria. The Company sells, markets and distributes its products through a multiple-channel sales, marketing and distribution system to various United States food channels, including sales and shipments to supermarkets and mass merchants.
B&G FOODS, INC. 
