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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (72382)2/28/2023 4:16:24 PM
From: E_K_S  Read Replies (2) of 78715
 
BGS earnings

Guidance for Full Year Fiscal 2023 (which does not include the recently divested Back to Nature business)


Net sales range of $2.13 billion to $2.17 billion.

Adjusted EBITDA range of $310 million to $330 million.

Adjusted diluted earnings per share range of $0.95 to $1.15

Financial Results for the Fourth Quarter of 2022

Net sales for the fourth quarter of 2022 increased $51.4 million, or 9.0%, to $623.2 million from $571.8 million for the fourth quarter of 2021. The increase was primarily due to increases in net pricing and the impact of product mix, partially offset by volume declines primarily due to price elasticity.

Base business net sales for the fourth quarter of 2022 increased $51.2 million, or 8.9%, to $622.8 million from $571.6 million for the fourth quarter of 2021. The increase in base business net sales for the fourth quarter of 2022 was driven by an increase in net pricing and the impact of product mix of $99.2 million, or 17.4% of base business net sales, partially offset by a decrease in unit volume of $45.4 million and the negative impact of foreign currency of $2.6 million.

Looks like the price increases helped their bottom line. BGS +6.55% on the report AH
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