Filing Flows › B&G Foods (BGS) › Q4 2024
B&G Foods (BGS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
B&G Foods (BGS) reported revenue of $552M for the fourth quarter 2024 (Q4 2024), -5% from a year earlier and +20% from the quarter before. Operating margin was -46.6%, net loss $222M (40.3% of revenue).
B&G Foods, Q4 2024: revenue $552M (-5% year over year), operating margin -46.6%, net loss $222M, operating cash flow $80.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $552M | +20% | -5% |
| Operating profit | −$257M | — | — |
| Net earnings | −$222M | — | — |
| Operating cash flow | $80.3M | 19× | -13% |
| Free cash flow | $71.7M | — | -14% |
What changed
Revenue was $551.6M in Q4 2024, down 5% year over year and up 20% from the previous quarter.
Gross margin was 21.5%, down 0.1 points from a year earlier. Operating costs exceeded revenue by $256.8M, an operating margin of -46.6%. Operating expenses grew 349% against a revenue fall of 5%. The fastest-growing cost line was Other operating costs (+970%). The quarter ended with a net loss of $222.4M, after a profit of $7.5M the previous quarter.
Operating cash flow was $80.3M (down 13% year over year). Non-cash charges added back $16.9M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $284.0M. Capital expenditures of $8.7M left free cash flow of $71.7M.
Questions
What was B&G Foods' revenue in the fourth quarter 2024?
B&G Foods (BGS) reported revenue of $552M for the fourth quarter 2024 (Q4 2024), -5% from a year earlier and +20% from the quarter before.
Was B&G Foods profitable in the fourth quarter 2024?
Operating loss was $257M (-46.6% of revenue) and net loss $222M.
Source: B&G Foods 10-K on SEC EDGAR.