B&G Foods (BGS) Financials

B&G Foods' financial data covering the last four years through Q4 2024 reveals several trends and notable points across their income statements, cash flow statements, and balance sheets which retail investors should consider.

• Consistent revenue generation with quarterly total revenues generally ranging from approximately $440 million to $620 million, indicating stable demand for their products.
• Operating gross profit margins have remained positive, with gross profit values generally around $90 million to $125 million per quarter, supporting underlying profitability before operating expenses.
• Depreciation and amortization expenses have been steady, which implies a consistent investment in property, plant, and equipment while controlling intangible asset amortization.
• Cash dividends paid per common share have remained steady at $0.19 each quarter in 2024, maintaining shareholder returns despite earnings volatility.
• Total assets have hovered around $3.3 billion to $3.4 billion in recent quarters, with no major fluctuations, indicating orderly asset management.
• Long-term debt levels have remained substantial, typically around $1.7 billion to $2 billion, reflecting a leveraged capital structure common in the consumer packaged goods space.
• Volumes of impairment charges appear sporadically but significantly impact earnings—particularly in Q4 2024, showing a huge $320 million impairment expense that severely reduced operating income and led to a net loss of $222 million for that quarter.
• Operating income and net income have been volatile, with large quarterly swings including net losses in several quarters, most notably large losses at the end of 2024, suggesting challenges in cost control or write-downs.
• Net cash flows from financing activities have included very large repayments of debt (e.g., $355 million repayment in Q4 2024), which pressure cash balances and could affect liquidity.
• Cash and equivalents have not consistently increased and posted some quarter-over-quarter declines, indicating cash management challenges in the face of operational and financing outflows.

Summary: B&G Foods maintains stable top-line revenue and gross profit, coupled with steady dividends, which can appeal to income-focused investors. However, the company has faced significant impairments leading to quarterly losses recently, especially in late 2024, impacting profitability and shareholder value. The heavy debt load and large debt repayments highlight continuing leverage risk. Investors should watch future earnings reports carefully for signs of improving expense management and stabilization of net income, as well as any changes in debt strategy.