NYSE$BGS
B&G Foods Inc. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
B&G Foods reported a decrease in net sales and a net loss for the fourth quarter of 2024, primarily due to the Green Giant U.S. shelf-stable divestiture and significant impairment charges.
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.
- Net sales for Q4 2024 decreased by $26.5 million, or 4.6%, to $551.6 million compared to Q4 2023.
- The company reported a net loss of $222.4 million for Q4 2024, a significant decrease from a net income of $2.6 million in Q4 2023, primarily due to $320.0 million in intangible asset impairment charges.
- Adjusted diluted EPS for Q4 2024 was $0.31, an increase of 3.3% from $0.30 in Q4 2023.
- Adjusted EBITDA for Q4 2024 was $86.1 million, a slight decrease of 0.8% from $86.8 million in Q4 2023.
Headline financials
Revenue & EPS history
B&G Foods · Revenue · Quarterly
$552M
Forward guidance
For fiscal year 2025, B&G Foods expects net sales to be between $1.890 billion and $1.950 billion, adjusted EBITDA to be between $290.0 million and $300.0 million, and adjusted diluted earnings per share to be between $0.65 and $0.75.
Tailwinds
- Anticipated sequential improvement in the second half of fiscal 2025.
- Guidance for adjusted diluted earnings per share is positive, ranging from $0.65 to $0.75.
- The company expects to lap consumer purchasing changes following high inflation.
- Focus on managing costs and improving product mix to support profitability.
- Continued efforts to promote brand equity and develop new products.
Headwinds
- Expected soft trends in the first half of fiscal 2025.
- Net sales guidance for FY 2025 ($1.890 billion to $1.950 billion) is lower than FY 2024 actuals ($1.9325 billion).
- Adjusted EBITDA guidance for FY 2025 ($290.0 million to $300.0 million) is lower than FY 2024 actuals ($295.4 million).
- The company operates in a challenging economic and competitive environment.
- Potential for continued impact from foreign currency fluctuations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+0.1%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.4%
Avg return
30 days after
43%
27 / 63 earnings
Positive
+29.2%
Q4 2022
Best reaction
-27.0%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -13.1% | -18.8% | -20.0% | |
| Q4 2026 | +16.4% | +10.5% | -1.6% | |
| Q3 2026 | +0.8% | +16.8% | +15.3% | |
| Q1 2025 | -5.5% | -8.9% | -7.8% | |
| Q4 2024 | +2.9% | -2.8% | -2.9% | |
| Q3 2024 | -18.4% | -25.1% | -23.6% | |
| Q2 2024 | +0.7% | -1.6% | +4.3% | |
| Q1 2024 | -27.0% | -24.4% | -17.5% | |
| Q4 2023 | +21.7% | +27.1% | +22.1% | |
| Q3 2023 | -1.9% | -9.4% | +14.3% | |
| Q2 2023 | +11.2% | +0.4% | -3.6% | |
| Q1 2023 | -3.7% | -4.9% | -15.8% | |
| Q4 2022 | +29.2% | +26.0% | +21.5% | |
| Q3 2022 | -0.6% | -10.9% | -17.8% | |
| Q2 2022 | -7.4% | -10.3% | -19.0% | |
| Q1 2022 | -12.7% | -14.6% | -20.2% | |
| Q4 2021 | -1.0% | -1.2% | -8.9% | |
| Q3 2021 | -0.1% | -0.6% | -9.4% | |
| Q2 2021 | +3.9% | +8.3% | +9.0% | |
| Q1 2021 | -1.5% | +3.2% | +12.6% | |
| Q3 2020 | +2.3% | -4.0% | -1.4% | |
| Q2 2020 | +4.4% | +6.6% | +13.3% | |
| Q1 2020 | +6.5% | +6.3% | +23.0% | |
| Q4 2019 | +20.3% | +13.1% | +27.9% | |
| Q3 2019 | +3.8% | +12.3% | +7.6% | |
| Q2 2019 | +9.2% | +9.2% | -7.4% | |
| Q1 2019 | -11.0% | -14.5% | -14.0% | |
| Q4 2018 | -0.9% | +2.0% | -0.6% | |
| Q3 2018 | -2.4% | +1.1% | +14.5% | |
| Q2 2018 | -1.6% | -1.9% | +0.9% | |
| Q1 2018 | +12.6% | +17.4% | +27.8% | |
| Q4 2017 | -13.4% | -7.8% | -25.9% | |
| Q3 2017 | +10.5% | +3.5% | +19.3% | |
| Q2 2017 | -8.9% | -10.8% | -11.8% | |
| Q1 2017 | -1.0% | +0.2% | -0.5% | |
| Q4 2016 | -8.2% | -10.6% | -14.5% | |
| Q3 2016 | -6.6% | -10.6% | -8.9% | |
| Q2 2016 | +13.7% | +11.7% | +3.8% | |
| Q1 2016 | +22.6% | — | — | |
| Q4 2015 | -7.6% | — | — | |
| Q3 2015 | -1.6% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | +7.0% | — | — | |
| Q4 2014 | -4.2% | — | — | |
| Q3 2014 | -6.2% | — | — | |
| Q2 2014 | -5.7% | — | — | |
| Q1 2014 | -3.5% | — | — | |
| Q4 2013 | -8.4% | — | — | |
| Q3 2013 | -3.8% | — | — | |
| Q2 2013 | -4.1% | — | — | |
| Q1 2013 | +7.6% | — | — | |
| Q4 2012 | -6.8% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | +2.9% | — | — | |
| Q1 2012 | +3.1% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | +1.4% | — | — | |
| Q1 2011 | -10.7% | — | — | |
| Q2 2011 | -10.7% | — | — | |
| Q3 2010 | +6.9% | — | — | |
| Q2 2010 | +2.4% | — | — | |
| Q1 2010 | +1.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro