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Stock impact report

B&G Foods losses grow amid impairments on four brands [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
The company booked charges of $320m it said were "related to intangible trademark assets" on its Green Giant, Victoria, Static Guard and McCann's brands. B&G Foods said the charges reflected "partial impairments" of each brand and added: "Net sales and contributions to the company's operating results for each of these brands have not met the company's expectations." The group posted a net loss of $251.3m for 2024, versus one of $66.2m a year earlier. It also took a $70.6m impairment charge in the first quarter for a reduction in goodwill within its Frozen & Vegetables reporting unit. The company's adjusted net income for fiscal 2024 was $55.7m, down from $73.9m in fiscal 2023. In 2024, net sales dropped 6.3% to $1.93bn, driven by a decline Read more
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