Wed, May 7, 12:29 PM (11 days ago)
**B&G Foods, Inc. (BGS) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $425.4 million, down 10.5% YoY. - **Net Income:** $835,000, a significant improvement from a loss of $40.2 million in Q1 2024. - **Operating Income:** $35.8 million, up 330.4% YoY. - **Gross Profit Margin:** 21.2%, down from 22.9% in Q1 2024. - **Cash Flow from Operations:** $52.7 million, up 50% YoY. **Profit Margins & Cash Flow:** - **Gross Profit:** $90.1 million, down 16.3% YoY. - **Operating Expenses:** $49.1 million, up 1.1% YoY. - **Net Interest Expense:** $37.8 million, flat YoY. - **Cash Flow from Investing Activities:** -$10.3 million, up 27.3% YoY. - **Cash Flow from Financing Activities:** -$31.9 million, up 25.1% YoY. **Earnings Changes & Quarterly Performance:** - **EPS:** $0.01, up from -$0.51 in Q1 2024. - **Segment Performance:** All segments saw declines in net sales, with the Frozen & Vegetables segment experiencing the most significant drop in adjusted EBITDA. - **Unallocated Corporate Expenses:** $24.2 million, down 0.5% YoY. **Trends & Uncertainties:** - **Commodity Prices & Costs:** Elevated raw material and distribution costs, with some locked-in prices through Q2/Q3 2025. - **Trade & Regulatory Uncertainty:** Potential tariffs and trade wars impacting raw material and finished goods costs. - **Consumer Preferences:** Shifting consumer tastes and channel shifts, particularly in e-commerce. - **Currency Fluctuations:** Exposure to Canadian dollar and Mexican peso fluctuations. **Future Operations Impact:** - **Acquisitions & Divestitures:** Potential divestitures in the Frozen & Vegetables segment. - **Capital Expenditures:** Projected at $30-$35 million for fiscal 2025. - **Dividends:** Expected to pay $60.6 million in dividends for fiscal 2025. - **Debt:** High leverage with $2,028.2 million in long-term debt, net of $61.2 million in cash. **Summary:** B&G Foods showed significant improvement in net income and operating income in Q1 2025, despite a decline in revenue. The company faces challenges from elevated costs, trade uncertainties, and shifting consumer preferences. Future operations will focus on managing costs, navigating regulatory uncertainties, and strategic acquisitions or divestitures.