B&G Foods misses by $0.02, reports revs in-line; guides FY22 EPS below consensus, | BGS Message Board Posts


B&G Foods Inc.

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Msg  896 of 900  at  11/10/2022 1:05:53 PM  by

RJCogburn64


 In response to msg 895 by  jerrykrause
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Re: B&G Foods misses by $0.02, reports revs in-line; guides FY22 EPS below consensus,

 A few comments from the cc....
 
 

the debt level at $2.4 billion is too high in a rising interest rate environment, with interest expenses on short-term debt increasing significantly.

revising our dividend payout rate to return a substantial portion of free cash flow to shareholders, but directing a significant remainder to reduce debt obligations. Completing divestitures of non-core businesses to generate proceeds to pay down debt and reduce leverage, we are actively seeking to sell the Back to Nature brand and have initiated a strategic review to identify other potential divestitures that will shape the B&G Foods portfolio for future focus and strength.



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Msg # Subject Author Recs Date Posted
897 Re: B&G Foods misses by $0.02, reports revs in-line; guides FY22 EPS below consensus, champchange 1 11/10/2022 3:13:36 PM




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