B&G Foods, Inc. (NYSE:BGS) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Sarah Jarolem - Senior Director of Corporate Strategy and Business Development Casey Keller - President, Chief Executive Officer and Director Bruce Wacha - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Capital Hale Holden - Barclays Capital David Palmer - Evercore ISI Michael Lavery - Piper Sandler Robert Moskow - Credit Suisse R ...

Table of Contents Income Tax Expense Estimates and Policies Pension Expense - 38 - The following table sets forth the percentages of net sales represented by selected items for fiscal 2022 and fiscal 2021 reflected in our consolidated statements of operations. The comparisons of financial results are not necessarily indicative of future results: Fiscal 2022 Fiscal 2021 Gross Profit. Our gross profit is equal to our net sales less cost of goods sold. The primary components of our cost of goods sold are cost ...

B&G Foods, Inc. (NYSE:BGS) Q3 2022 Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants Sarah Jarolem – Senior Director of Corporate Strategy & Business Development Casey Keller – President, Chief Executive Officer and Director Bruce Wacha – Executive Vice President-Finance and Chief Financial Officer Conference Call Participants Andrew Lazar – Barclays Capital Carla Casella – JPMorgan Chase Hale Holden – Barclays Capital Karru Martinson – Jefferies William Reuter – Bank of America Eric ...

B&G Foods, Inc. (NYSE:BGS) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Sarah Jarolem – Senior Director of Corporate Strategy and Business Development Casey Keller – Chief Executive Officer Bruce Wacha – Chief Financial Officer Conference Call Participants Andrew Lazar – Barclays Karru Martinson – Jefferies William Reuter – Bank of America Carla Casella – JPMorgan Robert Moskow – Credit Suisse David Palmer – Evercore Connor Rattigan – Consumer Edge Operator Good day and we ...

B&G Foods, Inc. (NYSE:BGS) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET Company Participants Sarah Jarolem - Senior Director, Corporate Strategy and Business Development Casey Keller - Chief Executive Officer Bruce Wacha - Chief Financial Officer Conference Call Participants William Reuter - Bank of America Michael Lavery - Piper Sandler Carla Casella - JPMorgan Karru Martinson - Jefferies Robert Moskow - Credit Suisse Eric Larson - Seaport Research Partners Ken Zaslow - Bank of Montreal Operator ...

B&G Foods, Inc. (NYSE:BGS) Q1 2021 Earnings Conference Call May 11, 2021 4:30 PM ET Company Participants Sarah Jarolem - Senior Director of Corporate Strategy and Business Development David Wenner - Interim President and Chief Executive Officer Bruce Wacha - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Capital William Reuter - Bank of America Merrill Lynch Oliver Grossman - Jefferies Michael Lavery - Piper Sandler Kenneth Zaslow - BMO C ...

B&G Foods, Inc. (NYSE:BGS) Q4 2020 Earnings Conference Call March 2, 2021 4:30 PM ET Company Participants David Wenner - Interim President and CEO Bruce Wacha - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Tim Perz - Stephens, Inc. Brian Holland - D.A. Davidson William Reuter - Bank of America Ken Zaslow - Bank of Montreal David Palmer - Evercore ISI Karru Martinson - Jefferies Operator Good day. And welcome to the B&G Foods Fourth Quarter and Fiscal 2020 Earnings Call. Today ...

Table of Contents As filed with the Securities and Exchange Commission on March 2, 2021 For the fiscal year ended January 2, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number 001-32316 B&G FOODS, INC. (Exact name of Registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 13-3918742 (I.R.S. Employer Identification No.) Four Gatehall Drive, Parsipp ...

B&G Foods, Inc. (NYSE:BGS) Q3 2020 Earnings Conference Call November 5, 2020 4:30 PM ET Company Participants Ken Romanzi - President and Chief Executive Officer Bruce Wacha - Chief Financial Officer Conference Call Participants Brian Holland - D.A. Davidson Kevin Lehmann - Evercore ISI Michael Lavery - Piper Sandler Karru Martinson - Jefferies William Reuter - Bank of America Carla Casella - JP Morgan Hale Holden - Barclays Eric Larson - Seaport Global Securities Ken Zaslow - Bank of Montreal Robert Moskow ...

Financial Data and Key Metrics Changes - The company reported net sales of $512.5 million for Q2 2020, an increase of 38.1% year-over-year, with adjusted EBITDA growing 44.6% to $102.6 million [11][30][47] - Adjusted diluted earnings per share reached $0.71, up nearly 87% compared to the previous year [11][50] - Net cash flow from operating activities was $188.8 million for the quarter, totaling $246.4 million year-to-date [12][51] - The net debt to pro forma adjusted EBITDA ratio improved to 4.99, down from 6.1 at the start of the year [13][53] Business Line Data and Key Metrics Changes - The company experienced strong growth across its portfolio, with 85% of brands increasing net sales compared to the previous year [18][42] - Green Giant brand net sales increased by 45.4% to approximately $164.1 million, driven by strong consumption in both shelf-stable and frozen products [37][38] - Clabber Girl contributed approximately $26.5 million in net sales, significantly up from $8.4 million in the prior year [39] - Cream of Wheat saw a 54% increase in net sales, while Ortega and Victoria also reported strong growth [40] Market Data and Key Metrics Changes - The total B&G Foods portfolio grew 34.5% in consumption through retailer checkout lanes, significantly outpacing the total food and beverage growth rate [20] - E-commerce sales represented approximately 3% to 5% of total net sales, with Amazon sales growing 340% year-over-year [26] - The company gained or held market share in nearly three-quarters of its brands and categories [21] Company Strategy and Development Direction - The company plans to continue investing in brand innovation and e-commerce capabilities to capture long-term growth opportunities [60][65] - New product launches are scheduled for the fall, including various Green Giant products aimed at expanding market presence [61][62] - The company aims to maintain a stable base business while pursuing accretive acquisitions as part of its growth strategy [67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that elevated consumption levels will persist as consumers continue to eat more meals at home [55][91] - The company anticipates continued strong financial performance throughout the remainder of the year, despite the challenges posed by COVID-19 [56][57] - Management acknowledged the unpredictability of the macro environment but remains focused on operational safety and meeting increased demand [58][59] Other Important Information - The company declared its 64th consecutive quarterly dividend, reflecting its commitment to returning value to shareholders [14] - Management highlighted the importance of maintaining a healthy balance sheet and reducing leverage to support future growth initiatives [54][75] Q&A Session Summary Question: What is driving the recent improvement in market share? - Management noted strong consumption growth since March, with innovations and promotional strategies contributing to improved performance [70][72] Question: Are there any changes in capital allocation priorities? - Management confirmed a focus on returning cash to shareholders while also investing in marketing and e-commerce to strengthen brand positioning [74][77] Question: What are the expectations for EBITDA margins in the second half? - Management indicated that while elevated sales will provide operating leverage, COVID-19 related costs may limit margin expansion [82][84] Question: How confident is the company about retaining new consumers post-pandemic? - Management expressed confidence that changes in consumer behavior will lead to sustained demand for their brands, even after the pandemic [90][91] Question: Are retailers preparing for a second wave of COVID-19? - Management observed an increase in average daily orders as retailers anticipate potential shutdowns, indicating readiness for increased demand [106]