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Stock impact report

B&G Foods Inc (BGS) Reports Mixed Fiscal 2023 Results Amidst Strategic Divestitures [Yahoo! Finance]

B&G Foods, Inc. B&G Foods, Inc. (BGS) 
Last b&g foods, inc. b&g foods, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/b
Company Research Source: Yahoo! Finance
Net Income (Loss) : Reported a net loss of $66.2 million in FY 2023. Diluted EPS : Decreased to $(0.89) in FY 2023 from $(0.16) in FY 2022. Debt Reduction : Reduced long-term debt principal by $340.1 million in FY 2023. Operating Cash Flow : Increased by $241.8 million in FY 2023. Divestitures : Completed the sale of Green Giant U.S. shelf-stable and Back to Nature brands. Warning! GuruFocus has detected 5 Warning Signs with BGS. On February 27, 2024, B&G Foods Inc ( NYSE:BGS ) released its 8-K filing , detailing the financial outcomes for the fourth quarter and the full year of 2023. The year was marked by strategic divestitures, including the sale of the Green Giant U.S. shelf-stable product line and Back to Nature, which impacted net sales and net income figures. Despite these divestitures, the company saw an increase in adjusted EBITDA, signaling improved operational efficiency. B&G Foods Inc, a prominent American packaged-food manufacturer, operates a portfolio of Show less Read more
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