B&G Foods, Inc. (NYSE:BGS) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET

Company Participants

Sarah Jarolem – Senior Director of Corporate Strategy and Business Development

Casey Keller – Chief Executive Officer

Bruce Wacha – Chief Financial Officer

Conference Call Participants

Andrew Lazar – Barclays

Karru Martinson – Jefferies

William Reuter – Bank of America

Carla Casella – JPMorgan

Robert Moskow – Credit Suisse

David Palmer – Evercore

Connor Rattigan – Consumer Edge

Operator

Good day and welcome to the B&G Foods Second Quarter 2022 Earnings Call. Today’s call, which is being recorded, is scheduled to last about one hour, including remarks by B&G Foods’ management and the question-and-answer session.

I would now like to turn the call over to Sarah Jarolem, Senior Director of Corporate Strategy and Business Development for B&G Foods. Sarah?

Sarah Jarolem

Good afternoon and thank you for joining us. With me today are Casey Keller, our Chief Executive Officer; and Bruce Wacha, our Chief Financial Officer. You can access detailed financial information on the quarter in the earnings release we issued today, which is available at the Investor Relations section of bgfoods.com.

Before we begin our formal remarks, I need to remind everyone that part of the discussion today includes forward-looking statements. These statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. We refer you to B&G Foods’ Annual Report on Form 10-K and subsequent SEC filings for a more detailed discussion of the risks that could impact our company’s future operating results and financial condition.

B&G Foods undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We will also be making references on today’s call to the non-GAAP financial measures, adjusted EBITDA, adjusted net income, adjusted diluted earnings per share, and base business net sales. Reconciliations of these financial measures to the most directly comparable GAAP financial measures are provided in today’s earnings release. Casey will begin the call with opening remarks and discuss various factors that affected our results, selected business highlights and his thoughts concerning the outlook for the remainder of fiscal 2022 and beyond. Bruce will then discuss our financial results for the second quarter of 2022 and our guidance for full year fiscal 2022.

I would now like to turn the call over to Casey.

Casey Keller