$BGS
B&G Foods, Inc.

2023 Q4 Form 10-Q Financial Statement

#000155837023018441 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $578.1M $469.6M
YoY Change 9.41% -1.95%
Cost Of Revenue $453.0M $367.4M
YoY Change 7.17% -8.72%
Gross Profit $125.2M $102.3M
YoY Change 18.35% 33.7%
Gross Profit Margin 21.65% 21.78%
Selling, General & Admin $53.25M $47.87M
YoY Change 12.05% 8.32%
% of Gross Profit 42.54% 46.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.111M $17.29M
YoY Change -75.39% -15.57%
% of Gross Profit 4.08% 16.9%
Operating Expenses $58.36M $47.87M
YoY Change 22.81% 8.32%
Operating Profit $66.81M $49.19M
YoY Change -231.5% 82.6%
Interest Expense -$40.23M -$35.81M
YoY Change 26.2% 19.62%
% of Operating Profit -60.2% -72.8%
Other Income/Expense, Net $962.0K $936.0K
YoY Change -47.89% -49.35%
Pretax Income $2.287M $14.32M
YoY Change -102.83% -1342.62%
Income Tax -$288.0K $3.762M
% Of Pretax Income -12.59% 26.28%
Net Earnings $2.575M $10.55M
YoY Change -104.32% 4022.27%
Net Earnings / Revenue 0.45% 2.25%
Basic Earnings Per Share $0.15
Diluted Earnings Per Share $0.03 $0.15
COMMON SHARES
Basic Shares Outstanding 78.62M 72.24M
Diluted Shares Outstanding 72.38M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.09M $42.77M
YoY Change -31.58% -0.59%
Cash & Equivalents $41.09M $42.77M
Short-Term Investments
Other Short-Term Assets $41.75M $41.45M
YoY Change -56.8% -1.92%
Inventory $569.0M $674.7M
Prepaid Expenses
Receivables $143.0M $142.8M
Other Receivables $7.988M $12.81M
Total Short-Term Assets $802.8M $914.6M
YoY Change -30.15% -0.24%
LONG-TERM ASSETS
Property, Plant & Equipment $302.3M $308.4M
YoY Change -7.24% -8.33%
Goodwill $619.4M $619.4M
YoY Change 0.05% -4.58%
Intangibles $1.628B $1.778B
YoY Change -9.21% -7.42%
Long-Term Investments
YoY Change
Other Assets $23.48M $20.82M
YoY Change 67.69% 190.28%
Total Long-Term Assets $2.660B $2.804B
YoY Change -6.13% -6.53%
TOTAL ASSETS
Total Short-Term Assets $802.8M $914.6M
Total Long-Term Assets $2.660B $2.804B
Total Assets $3.463B $3.719B
YoY Change -13.06% -5.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $123.8M $136.3M
YoY Change -45.77% -16.95%
Accrued Expenses $83.22M $61.46M
YoY Change 14.5% -6.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $22.00M $1.057M
YoY Change 2015.38% 2.22%
Total Short-Term Liabilities $262.4M $231.2M
YoY Change -25.25% -17.45%
LONG-TERM LIABILITIES
Long-Term Debt $2.023B $2.246B
YoY Change -16.34% -2.03%
Other Long-Term Liabilities $20.82M $21.64M
YoY Change -34.4% -30.14%
Total Long-Term Liabilities $2.044B $2.267B
YoY Change -16.57% -2.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $262.4M $231.2M
Total Long-Term Liabilities $2.044B $2.267B
Total Liabilities $2.628B $2.852B
YoY Change -16.36% -4.18%
SHAREHOLDERS EQUITY
Retained Earnings $785.1M $865.3M
YoY Change -9.29% -6.86%
Common Stock $47.78M $723.0K
YoY Change 6563.32% -97.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $835.5M $866.4M
YoY Change
Total Liabilities & Shareholders Equity $3.463B $3.719B
YoY Change -13.06% -5.06%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $2.575M $10.55M
YoY Change -104.32% 4022.27%
Depreciation, Depletion And Amortization $5.111M $17.29M
YoY Change -75.39% -15.57%
Cash From Operating Activities $92.08M $62.85M
YoY Change -232.42% -1631.43%
INVESTING ACTIVITIES
Capital Expenditures $8.743M $6.696M
YoY Change -307.13% -210.29%
Acquisitions
YoY Change
Other Investing Activities $55.63M $83.00K
YoY Change 5562900.0% -100.31%
Cash From Investing Activities $46.89M -$6.613M
YoY Change -1211.07% -80.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -458.0M -49.58M
YoY Change -603.38% -226.43%
NET CHANGE
Cash From Operating Activities 92.08M 62.85M
Cash From Investing Activities 46.89M -6.613M
Cash From Financing Activities -458.0M -49.58M
Net Change In Cash -319.0M 6.654M
YoY Change -1952.31% 255.26%
FREE CASH FLOW
Cash From Operating Activities $92.08M $62.85M
Capital Expenditures $8.743M $6.696M
Free Cash Flow $83.33M $56.15M
YoY Change -227.59% 2754.8%

Facts In Submission

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<table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:6pt;margin-top:0pt;"><b style="font-weight:bold;">(1)</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:6pt;margin-top:0pt;"><b style="font-weight:bold;">Nature of Operations</b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;">B&amp;G Foods, Inc. is a holding company whose principal assets are the shares of capital stock of its subsidiaries. Unless the context requires otherwise, references in this report to “B&amp;G Foods,” “our company,” “we,” “us” and “our” refer to B&amp;G Foods, Inc. and its subsidiaries. Our financial statements are presented on a consolidated basis.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;">We operate in a single industry segment and manufacture, sell and distribute a diverse portfolio of high-quality shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Our products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder, baking soda, corn starch, nut clusters and other specialty products. Our products are marketed under many recognized brands, including <i style="font-style:italic;">Ac’cent</i>, <i style="font-style:italic;">B&amp;G</i>, <i style="font-style:italic;">B&amp;M</i>, <i style="font-style:italic;">Baker’s Joy</i>, <i style="font-style:italic;">Bear Creek Country Kitchens</i>, <i style="font-style:italic;">Brer Rabbit</i>, <i style="font-style:italic;">Canoleo</i>, <i style="font-style:italic;">Cary’s</i>, <i style="font-style:italic;">Clabber Girl</i>, <i style="font-style:italic;">Cream of Rice</i>, <i style="font-style:italic;">Cream of Wheat</i>, <i style="font-style:italic;">Crisco</i>, <i style="font-style:italic;">Dash, Davis</i>, <i style="font-style:italic;">Devonsheer</i>, <i style="font-style:italic;">Don Pepino</i>, <i style="font-style:italic;">Durkee</i>, <i style="font-style:italic;">Emeril’s</i>, <i style="font-style:italic;">Grandma’s Molasses</i>, <i style="font-style:italic;">Green Giant</i>, <i style="font-style:italic;">Joan of Arc</i>, <i style="font-style:italic;">Las Palmas</i>, <i style="font-style:italic;">Le Sueur</i>, <i style="font-style:italic;">MacDonald’s</i>, <i style="font-style:italic;">Mama Mary’s</i>, <i style="font-style:italic;">Maple Grove Farms of Vermont</i>, <i style="font-style:italic;">McCann’s</i>, <i style="font-style:italic;">Molly McButter</i>, <i style="font-style:italic;">New York Flatbreads</i>, <i style="font-style:italic;">New York Style</i>, <i style="font-style:italic;">Old London</i>, <i style="font-style:italic;">Ortega</i>, <i style="font-style:italic;">Polaner</i>, <i style="font-style:italic;">Red Devil</i>, <i style="font-style:italic;">Regina</i>, <i style="font-style:italic;">Rumford</i>, <i style="font-style:italic;">Sa-són</i>, <i style="font-style:italic;">Sclafani</i>, <i style="font-style:italic;">Spice Islands</i>, <i style="font-style:italic;">Spring Tree</i>, <i style="font-style:italic;">Sugar Twin</i>, <i style="font-style:italic;">Tone’s</i>, <i style="font-style:italic;">Trappey’s</i>, <i style="font-style:italic;">TrueNorth</i>, <i style="font-style:italic;">Underwood</i>, <i style="font-style:italic;">Vermont Maid</i>, <i style="font-style:italic;">Victoria</i>, <i style="font-style:italic;">Weber</i> and <i style="font-style:italic;">Wright’s</i>. We also sell and distribute <i style="font-style:italic;">Static Guard</i>, a household product brand. We compete in the retail grocery, foodservice, specialty, private label, club and mass merchandiser channels of distribution. We sell and distribute our products directly and via a network of independent brokers and distributors to supermarket chains, foodservice outlets, mass merchants, warehouse clubs, non-food outlets and specialty distributors.</p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><span style="font-style:italic;font-weight:bold;">Fiscal Year</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10.5pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><span style="font-size:10pt;">Typically, our fiscal quarters and fiscal year consist of </span><span style="font-size:10pt;">13</span><span style="font-size:10pt;"> and </span><span style="font-size:10pt;">52</span><span style="font-size:10pt;"> weeks, respectively, ending on the Saturday closest to December 31 in the case of our fiscal year and fourth fiscal quarter, and on the Saturday closest to the end of the corresponding calendar quarter in the case of our fiscal quarters. As a result, a 53</span><sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">rd </sup><span style="font-size:10pt;">week is added to our fiscal year every </span><span style="-sec-ix-hidden:Hidden_CBRGRrPdy02wdI03elg8XQ;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">five</span></span><span style="font-size:10pt;"> or </span><span style="font-size:10pt;">six years</span><span style="font-size:10pt;">. Generally, in a </span><span style="font-size:10pt;">53</span><span style="font-size:10pt;">-week fiscal year our fourth fiscal quarter contains </span><span style="font-size:10pt;">14</span><span style="font-size:10pt;"> weeks. Our fiscal year ending December 30, 2023 (fiscal 2023) and our fiscal year ended December 31, 2022 (fiscal 2022) each contains </span><span style="font-size:10pt;">52</span><span style="font-size:10pt;"> weeks. Each quarter of fiscal 2023 and 2022 contains </span><span style="font-size:10pt;">13</span><span style="font-size:10pt;"> weeks. </span></p>
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us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10.5pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;">The preparation of financial statements in accordance with GAAP requires our management to make a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Some of the more significant estimates and assumptions made by management involve revenue recognition as it relates to trade and consumer promotion expenses; pension benefits; acquisition accounting fair value allocations; the recoverability of goodwill, other intangible assets, property, plant and equipment and deferred tax assets; and the determination of the useful life of customer relationship and finite-lived trademark intangible assets. Actual results could differ significantly from these estimates and assumptions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:10.5pt;text-indent:36pt;margin:0pt 0pt 6pt 0pt;">Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors that management believes to be reasonable under the circumstances, including the current economic environment. We adjust such estimates and assumptions when facts and circumstances dictate. Volatility in the credit and equity markets can increase the uncertainty inherent in such estimates and assumptions. </p>
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
51300000
CY2023Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-100000
CY2023Q3 bgs Reclassification Of Inventories To Assets Held For Sale
ReclassificationOfInventoriesToAssetsHeldForSale
82300000
CY2023Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
107226000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
126947000
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
148440000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
208183000
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
388394000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
391338000
CY2023Q3 us-gaap Inventory Net
InventoryNet
644060000
CY2022Q4 us-gaap Inventory Net
InventoryNet
726468000
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
392972000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
198721000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
194251000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
403365000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
189348000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
214017000
CY2023Q3 us-gaap Goodwill
Goodwill
619221000
CY2022Q4 us-gaap Goodwill
Goodwill
619241000
CY2023Q3 bgs Indefinite Lived Intangible Assets Net Including Goodwill
IndefiniteLivedIntangibleAssetsNetIncludingGoodwill
2077978000
CY2022Q4 bgs Indefinite Lived Intangible Assets Net Including Goodwill
IndefiniteLivedIntangibleAssetsNetIncludingGoodwill
2193381000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
21700000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2023Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2272229000
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2407398000
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15600000
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000000.0
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5200000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
20400000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
19700000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14800000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12900000
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
17946000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13196000
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
3535000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
1880000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2484583000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2389049000
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
555439000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
50000000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1929144000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2339049000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
555439000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
300000000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
550625000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
550000000
CY2023Q3 bgs Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
550000000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2506064000
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
24600000
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2023Q3 bgs Number Of Company Sponsored Defined Benefit Pension Plans
NumberOfCompanySponsoredDefinedBenefitPensionPlans
4
bgs Percentage Of Employees Covered By Defined Benefit Pension Plans
PercentageOfEmployeesCoveredByDefinedBenefitPensionPlans
0.23
bgs Number Of Defined Benefit Pension Plans Sponsored By Company For Union Employees
NumberOfDefinedBenefitPensionPlansSponsoredByCompanyForUnionEmployees
3
bgs Number Of Defined Benefit Pension Plans Sponsored By Company For Salaried And Certain Hourly Employees
NumberOfDefinedBenefitPensionPlansSponsoredByCompanyForSalariedAndCertainHourlyEmployees
1
CY2023Q3 bgs Number Of Company Sponsored Defined Benefit Pension Plans
NumberOfCompanySponsoredDefinedBenefitPensionPlans
4
CY2023Q3 bgs Number Of Company Sponsored Defined Benefit Pension Plans
NumberOfCompanySponsoredDefinedBenefitPensionPlans
4
CY2023Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1305000
CY2022Q4 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2191000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3898000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
6679000
CY2023Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1858000
CY2022Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1364000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5576000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4100000
CY2023Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2809000
CY2022Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3236000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
8372000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
9709000
CY2023Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
12000
CY2022Q4 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-27000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
23000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-81000
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
342000
CY2022Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
346000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1079000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1151000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
2500000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
bgs Defined Benefit Plan Expected Withdrawal Liability Payout Period
DefinedBenefitPlanExpectedWithdrawalLiabilityPayoutPeriod
P20Y
bgs Defined Benefit Plan Withdrawal Liability Annual Installments
DefinedBenefitPlanWithdrawalLiabilityAnnualInstallments
900000
CY2023Q3 bgs Defined Benefit Plan Expected Withdrawal Liability Amount
DefinedBenefitPlanExpectedWithdrawalLiabilityAmount
13000000.0
us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
true
bgs Lessee Operating Lease Terminate Term
LesseeOperatingLeaseTerminateTerm
P1Y
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
68688000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
65809000
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2097000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2891000
CY2023Q3 bgs Right Of Use Asset
RightOfUseAsset
70785000
CY2022Q4 bgs Right Of Use Asset
RightOfUseAsset
68700000
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15213000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14616000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
53785000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
51727000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
68998000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
66343000
CY2023Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1063000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1046000
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
996000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1795000
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2059000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2841000
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
4467000
CY2022Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
4311000
us-gaap Operating Lease Payments
OperatingLeasePayments
13549000
us-gaap Operating Lease Payments
OperatingLeasePayments
12505000
CY2023Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
275000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
824000
CY2023Q3 bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
2682000
CY2022Q4 bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
2720000
bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
8146000
bgs Operating Lease Cost Cost Of Goods Sold
OperatingLeaseCostCostOfGoodsSold
7569000
CY2023Q3 bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
1738000
CY2022Q4 bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
1646000
bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
5179000
bgs Operating Lease Cost Selling General And Administrative Expenses
OperatingLeaseCostSellingGeneralAndAdministrativeExpenses
4970000
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4420000
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
4366000
us-gaap Operating Lease Cost
OperatingLeaseCost
13325000
us-gaap Operating Lease Cost
OperatingLeaseCost
12539000
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
264000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
264000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
794000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
373000
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
12000
CY2022Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
19000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
42000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
27000
CY2023Q3 bgs Finance Lease Cost
FinanceLeaseCost
276000
CY2022Q4 bgs Finance Lease Cost
FinanceLeaseCost
283000
bgs Finance Lease Cost
FinanceLeaseCost
836000
bgs Finance Lease Cost
FinanceLeaseCost
400000
CY2023Q3 us-gaap Lease Cost
LeaseCost
4696000
CY2022Q4 us-gaap Lease Cost
LeaseCost
4649000
us-gaap Lease Cost
LeaseCost
14161000
us-gaap Lease Cost
LeaseCost
12939000
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
5000000.0
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4400000
us-gaap Operating Lease Expense
OperatingLeaseExpense
15100000
us-gaap Operating Lease Cost
OperatingLeaseCost
13300000
CY2022Q4 us-gaap Operating Lease Expense
OperatingLeaseExpense
4900000
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
4400000
us-gaap Operating Lease Expense
OperatingLeaseExpense
14000000.0
us-gaap Operating Lease Cost
OperatingLeaseCost
12500000
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0357
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0272
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0230
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0230
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4276000
CY2023Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
275000
CY2023Q3 bgs Operating And Finance Lease Liability To Be Paid Remainder Of Fiscal Year
OperatingAndFinanceLeaseLiabilityToBePaidRemainderOfFiscalYear
4551000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17435000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1099000
CY2023Q3 bgs Operating Lease And Finance Lease Liability To Be Paid Year One
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearOne
18534000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17241000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
732000
CY2023Q3 bgs Operating Lease And Finance Lease Liability To Be Paid Year Two
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearTwo
17973000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12691000
CY2023Q3 bgs Operating Lease And Finance Lease Liability To Be Paid Year Three
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearThree
12691000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8892000
CY2023Q3 bgs Operating Lease And Finance Lease Liability To Be Paid Year Four
OperatingLeaseAndFinanceLeaseLiabilityToBePaidYearFour
8892000
CY2023Q3 bgs Lessee Operating Lease Liability Payments Due Year Four Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearFourThereafter
15192000
CY2023Q3 bgs Operating Lease And Finance Lease Liability To Be Paid After Year Four
OperatingLeaseAndFinanceLeaseLiabilityToBePaidAfterYearFour
15192000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
75727000
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2106000
CY2023Q3 bgs Operating Lease And Finance Lease Liability To Be Paid
OperatingLeaseAndFinanceLeaseLiabilityToBePaid
77833000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6729000
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
47000
CY2023Q3 bgs Operating And Finance Lease Liability Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
6776000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
68998000
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2059000
CY2023Q3 bgs Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
71057000
CY2023Q3 bgs Number Of Employee
NumberOfEmployee
2883
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
827730
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74427869
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71670121
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72814702
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70068018
CY2022Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
347970
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
372415
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74427869
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72018091
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72814702
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70440433
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2151000
CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
736000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5452000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2984000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
502734000
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
528396000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1484185000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1539768000
bgs Percentage Of Specific Brand Sale To Total Sales
PercentageOfSpecificBrandSaleToTotalSales
0.03
bgs Percentage Of Specific Brand Sale To Total Sales
PercentageOfSpecificBrandSaleToTotalSales
0.03
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

Files In Submission

Name View Source Status
bgs-20230930_cal.xml Edgar Link unprocessable
0001558370-23-018441-index-headers.html Edgar Link pending
0001558370-23-018441-index.html Edgar Link pending
0001558370-23-018441.txt Edgar Link pending
0001558370-23-018441-xbrl.zip Edgar Link pending
bgs-20230930.xsd Edgar Link pending
bgs-20230930x10q.htm Edgar Link pending
bgs-20230930xex22d1.htm Edgar Link pending
bgs-20230930xex31d1.htm Edgar Link pending
bgs-20230930xex31d2.htm Edgar Link pending
bgs-20230930xex32d1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
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