BG Foods Inc
For the period ended Jun 29, 2024. Filed Aug 6, 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.
Jun 29, 2024 · Filed Aug 6, 2024
BGS$2.66+6.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share data)
| | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| · Thirteen Weeks Ended · · Twenty-six Weeks Ended | |||||||||||
| · June 29, · July 1, · June 29, · July 1, | |||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||
| Net sales | $444,590 | | $469,637 | | $919,813 | | $981,451 | ||||
| Cost of goods sold | 352,553 | | 367,361 | | 718,895 | | 764,939 | ||||
| Gross profit | 92,037 | | 102,276 | | 200,918 | | 216,512 | ||||
| | | | | | | | | | | | |
| Operating expenses: | | | | | | | | | | | |
| Selling, general and administrative expenses | 43,128 | | 47,872 | | 91,740 | | 94,601 | ||||
| Amortization expense | 5,111 | | 5,211 | | 10,223 | | 10,452 | ||||
| Impairment of goodwill | | — | | — | | | 70,580 | | | — | |
| Loss on sales of assets | | — | | — | | 135 | | 85 | |||
| Operating income | 43,798 | | 49,193 | | 28,240 | | 111,374 | ||||
| | | | | | | | | | | | |
| Other (income) and expenses: | | | | | | | | | | | |
| Interest expense, net | 37,808 | | 35,814 | | 75,633 | | 75,249 | ||||
| Other income | | (1,046) | | | (936) | | | (2,088) | | | (1,857) |
| Income (loss) before income tax expense (benefit) | 7,036 | | 14,315 | | (45,305) | | 37,982 | ||||
| Income tax expense (benefit) | 3,098 | | 3,762 | | (9,004) | | 24,014 | ||||
| Net income (loss) | $3,938 | | $10,553 | | $(36,301) | | $13,968 | ||||
| | | | | | | | | | | | |
| Weighted average shares outstanding: | | | | | | | | | | | |
| Basic | | 79,083 | | | 72,237 | | | 78,865 | | | 72,008 |
| Diluted | | 79,389 | | | 72,380 | | | 78,865 | | | 72,087 |
| | | | | | | | | | | | |
| Earnings (loss) per share: | | | | | | | | | | | |
| Basic | $0.05 | | $0.15 | | $(0.46) | | $0.19 | ||||
| Diluted | $0.05 | | $0.15 | | $(0.46) | | $0.19 | ||||
| | | | | | | | | | | | |
| Cash dividends declared per share | $0.19 | | $0.19 | | $0.38 | | $0.38 | ||||
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