GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » B&G Foods Inc (NYSE:BGS) » Definitions » Net Income

B&G Foods (B&G Foods) Net Income : $-66 Mil (TTM As of Dec. 2023)


View and export this data going back to 2007. Start your Free Trial

What is B&G Foods Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. B&G Foods's Net Income for the three months ended in Dec. 2023 was $3 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-66 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. B&G Foods's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.03.


B&G Foods Net Income Historical Data

The historical data trend for B&G Foods's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

B&G Foods Net Income Chart

B&G Foods Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.39 131.99 67.36 -11.37 -66.20

B&G Foods Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.30 3.42 10.55 -82.74 2.58

B&G Foods Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

B&G Foods's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-67.133+0.935+0+0
=-66

B&G Foods's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=2.287+0.288+0+4.4408920985006E-16
=3

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-66 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


B&G Foods  (NYSE:BGS) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

B&G Foods's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


B&G Foods Net Income Related Terms

Thank you for viewing the detailed overview of B&G Foods's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


B&G Foods (B&G Foods) Business Description

Traded in Other Exchanges
Address
Four Gatehall Drive, Parsippany, NJ, USA, 07054
B&G Foods Inc is an American packaged-food manufacturer. The company sells its products in the United States, Canada, and Puerto Rico. The company's main brands are Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, MacDonald's, Mama Mary's, Maple Grove Farms, Regina, Sa-son, Sclafani, Smart Puffs, Spice Islands, Spring Tree, and Wright's. The company distributes its products through multiple channels to supermarkets, wholesalers, mass merchants, warehouse clubs, and food service distributors, among others.
Executives
Jordan E Greenberg officer: EVP & Chief Commercial Officer C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Bruce C Wacha officer: EVP of Corp Strategy & Bus Dev C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
David L Wenner director, officer: President & CEO C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Andrew D Vogel officer: EVP, PRESIDENT OF MEALS C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Alfred Poe director C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Kristen A. Thompson officer: SVP, President of Frozen & Veg C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Keller Kenneth C Jr director, officer: President & CEO C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Debra M Chase director C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Deann L Brunts director C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Ellen M Schum officer: EVP & Chief Customer Officer C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Erich A Fritz officer: EVP-Chief Supply Chain Officer C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Kenneth G. Romanzi officer: EVP & Chief Operating Officer C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Cheryl M Palmer director C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Michael Adasczik officer: VP, Chief Accounting Officer C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Robert D Mills director TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027

B&G Foods (B&G Foods) Headlines