B&G Foods Announces Date of Third Quarter 2020 Earnings Conference Call
27 October 2020 - 7:07AM
Business Wire
— Clarifies Number of Weeks in Third and
Fourth Quarters —
B&G Foods, Inc. (NYSE: BGS) announced today that it intends
to issue a press release with third quarter 2020 financial results
after the market close on Thursday, November 5, 2020. B&G Foods
has scheduled a conference call at 4:30 p.m. ET that same day to
discuss the results. Hosting the call will be Kenneth G. Romanzi,
President and Chief Executive Officer and Bruce C. Wacha, Executive
Vice President of Finance and Chief Financial Officer.
The earnings press release and live audio webcast of the
conference call can be accessed at
www.bgfoods.com/investor-relations. A replay of the webcast will be
available following the conference call through the same link.
Fiscal Quarter Calendar Clarification
Typically, the Company’s fiscal quarters and fiscal year consist
of 13 and 52 weeks, respectively, ending on the Saturday closest to
December 31 in the case of the Company’s fiscal year and fourth
fiscal quarter, and on the Saturday closest to the end of the
corresponding calendar quarter in the case of the Company’s fiscal
quarters. As a result, a 53rd week is added to the Company’s fiscal
year every five or six years. As previously disclosed, the
Company’s fiscal year ending January 2, 2021 (fiscal 2020) contains
53 weeks. Generally when this occurs, the Company’s fourth fiscal
quarter contains 14 weeks. However, based upon a third quarter end
date of October 3, 2020 (the Saturday closest to September 30) and
a fourth quarter end date of January 2, 2021 (the Saturday closest
to December 31), for fiscal 2020, the third quarter contained 14
weeks and the fourth quarter will contain 13 weeks. Fiscal 2019
contained 52 weeks and the third and fourth quarters of 2019 each
contained 13 weeks.
About B&G Foods, Inc.
Based in Parsippany, New Jersey, B&G Foods and its
subsidiaries manufacture, sell and distribute high-quality, branded
shelf-stable and frozen foods across the United States, Canada and
Puerto Rico. With B&G Foods’ diverse portfolio of more than 50
brands you know and love, including Back to Nature, B&G,
B&M, Cream of Wheat, Dash, Green Giant, Las Palmas, Le Sueur,
Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner,
Spice Islands and Victoria, there’s a little something for
everyone. For more information about B&G Foods and its brands,
please visit www.bgfoods.com.
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