B&G Foods, Inc. (BGS) Q3 2024 Earnings Call Transcript Summary
B&G Foods, Inc. (BGS) Q3 2024 Earnings Call Transcript Summary
Adjusted EBITDA as a percentage of net sales has declined to 15.3%, down from the prior year.The following is a summary of the B&G Foods, Inc. (BGS) Q3 2024 Earnings Call Transcript:
以下是B&G Foods, Inc. (BGS) 2024年第三季度業績會議呼叫實錄摘要：
Financial Performance:
財務表現:
B&G Foods reported Q3 2024 net sales of $461.1 million, down approximately 3% year-over-year, excluding the divestiture of the Green Giant U.S. shelf stable product line.
Adjusted EBITDA for Q3 2024 was $70.4 million, marking a decrease of $10 million from Q3 2023.
Adjusted EBITDA as a percentage of net sales has declined to 15.3%, down from the prior year.
Gross profit was recorded at $102.3 million or 22.2% of net sales, with a slight decrease compared to last year's figure of 22.6%.
Interest expenses increased due to higher interest rates on long-term debt, contributing to financial pressure.
B&G Foods報告2024年第三季度淨銷售額爲46110萬美元，同比下降約3%，不包括綠巨人（Green Giant）美國貨架穩定產品線的剝離。
2024年第三季度調整後的息稅折舊及攤銷前利潤（EBITDA）爲7040萬美元，較2013年第三季度減少1000萬美元。
調整後的息稅折舊及攤銷前利潤佔淨銷售額的比例下降至15.3%，較去年同期有所下降。
毛利潤記錄爲10230萬美元，佔淨銷售額的22.2%，與去年的22.6%相比略有下降。
利息費用增加，主要是由於長期債務利率上升，加劇了財務壓力。
Business Progress:
業務進展:
Continued investment in the Spices and Flavor Solutions segment, which saw a net sales increase of 2.6% versus Q3 2023.
Introduction of new licensed seasoning and grilling blends under the 46s brand.
Active restructuring of the product portfolio with divestitures like the Green Giant U.S. canned vegetable business and reevaluation of non-core assets.
Special focus on cost reduction and productivity efforts across the business.
持續投資於香料和調味解決方案板塊，與2023年第三季度相比，淨銷售額增長了2.6%。
推出了46s品牌下的新授權調味料和烤料混合物。
積極重組產品組合，包括出售Green Giant美國罐頭蔬菜業務，重新評估非核心資產。
專注於業務的成本削減和生產力提升工作。
Opportunities:
機會：
Focused efforts on strengthening the Spices and Flavor Solutions sector due to positive sales trends.
Expansion and innovations in categories like frozen vegetables and seasoning blends to align with consumer health and dietary trends.
Planned divestitures and restructuring efforts aimed at refining the product portfolio for better focus and higher margins.
專注於加強香料和調味解決方案板塊，因銷售趨勢向好而採取的努力。
在冷凍蔬菜和調味混合物等類別上擴展和創新，以適應消費者健康和飲食趨勢。
計劃的出售和重組措施旨在優化產品組合，實現更好的專注和更高的利潤率。
Risks:
風險：
Increased competitive activity particularly in the vegetable oil and Mexican categories affecting brands like Crisco and Ortega due to aggressive pricing and promotional strategies by competitors like Wesson and Taco Bell brand.
Continued consumer adjustments in purchasing patterns due to high food inflation impacting sales performance.
由於競爭對手如Wesson和Taco Bell品牌採取了激進的定價和促銷策略，尤其是在植物油和墨西哥類別方面，影響了Crisco和Ortega等品牌的競爭活動增加。
由於高食品通貨膨脹影響銷售表現，消費者繼續調整購買模式。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由人工智能生成。內容準確性無法完全保證。如需更全面詳情，請參閱IR網站。本文僅供投資者參考，不具有任何指導或推薦建議。
