BG Foods Inc
For the period ended Mar 30, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 8, 2024
BGS$2.66+6.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except per share data)
| | | | | | |
|---|---|---|---|---|---|
| | Thirteen Weeks Ended | ||||
| · March 30, · April 1, | |||||
| · 2024 · 2023 | |||||
| Net sales | $475,223 | | $511,814 | ||
| Cost of goods sold | 366,342 | | 397,578 | ||
| Gross profit | 108,881 | | 114,236 | ||
| | | | | | |
| Operating expenses: | | | | | |
| Selling, general and administrative expenses | 48,612 | | 46,729 | ||
| Amortization expense | 5,112 | | 5,241 | ||
| Impairment of goodwill | | 70,580 | | | — |
| Loss on sales of assets | 135 | | 85 | ||
| Operating (loss) income | (15,558) | | 62,181 | ||
| | | | | | |
| Other (income) and expenses: | | | | | |
| Interest expense, net | 37,825 | | 39,435 | ||
| Other income | | (1,042) | | | (921) |
| (Loss) income before income tax (benefit) expense | (52,341) | | 23,667 | ||
| Income tax (benefit) expense | (12,102) | | 20,252 | ||
| Net (loss) income | $(40,239) | | $3,415 | ||
| | | | | | |
| Weighted average shares outstanding: | | | | | |
| Basic | | 78,648 | | | 71,779 |
| Diluted | | 78,648 | | | 71,795 |
| | | | | | |
| (Loss) earnings per share: | | | | | |
| Basic | $(0.51) | | $0.05 | ||
| Diluted | $(0.51) | | $0.05 | ||
| | | | | | |
| Cash dividends declared per share | $0.19 | | $0.19 | ||
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