BG Foods Inc
For the period ended Sep 28, 2024. Filed Nov 5, 2024.
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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.
Sep 28, 2024 · Filed Nov 5, 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 · · Thirty-nine Weeks Ended | |||||||||||
| · September 28, · September 30, · September 28, · September 30, | |||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||
| Net sales | $461,073 | | $502,734 | | $1,380,886 | | $1,484,185 | ||||
| Cost of goods sold | 358,728 | | 388,896 | | 1,077,623 | | 1,153,835 | ||||
| Gross profit | 102,345 | | 113,838 | | 303,263 | | 330,350 | ||||
| | | | | | | | | | | | |
| Operating expenses: | | | | | | | | | | | |
| Selling, general and administrative expenses | 45,988 | | 48,197 | | 137,728 | | 142,798 | ||||
| Amortization expense | 5,110 | | 5,197 | | 15,333 | | 15,649 | ||||
| Impairment of goodwill | | — | | — | | | 70,580 | | | — | |
| Loss on sales of assets | | — | | — | | 135 | | 85 | |||
| Impairment of assets held for sale | | — | | | 132,949 | | | — | | | 132,949 |
| Operating income (loss) | 51,247 | | (72,505) | | 79,487 | | 38,869 | ||||
| | | | | | | | | | | | |
| Other (income) and expenses: | | | | | | | | | | | |
| Interest expense, net | 42,166 | | 35,859 | | 117,799 | | 111,108 | ||||
| Other income | | (1,046) | | | (962) | | | (3,134) | | | (2,819) |
| Income (loss) before income tax expense (benefit) | 10,127 | | (107,402) | | (35,178) | | (69,420) | ||||
| Income tax expense (benefit) | 2,663 | | (24,661) | | (6,341) | | (647) | ||||
| Net income (loss) | $7,464 | | $(82,741) | | $(28,837) | | $(68,773) | ||||
| | | | | | | | | | | | |
| Weighted average shares outstanding: | | | | | | | | | | | |
| Basic | | 79,164 | | | 74,428 | | | 78,965 | | | 72,815 |
| Diluted | | 79,404 | | | 74,428 | | | 78,965 | | | 72,815 |
| | | | | | | | | | | | |
| Earnings (loss) per share: | | | | | | | | | | | |
| Basic | $0.09 | | $(1.11) | | $(0.37) | | $(0.94) | ||||
| Diluted | $0.09 | | $(1.11) | | $(0.37) | | $(0.94) | ||||
| | | | | | | | | | | | |
| Cash dividends declared per share | $0.19 | | $0.19 | | $0.57 | | $0.57 | ||||
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