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  "documentTitle": "Prestige Consumer Healthcare Inc. (PBH)",
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      "text": "B&G Foods, another roll-up of stagnant consumer brands, received two Comment Letters from the SEC regarding its revenue disclosures, in 2013 and 2017. The SEC's interest in B&G's disclosures sets a precedent for PBH to increase the level of its revenue disclosures for individual key brands and new product innovations. We find similarities between the SEC comments for B&G and PBH's lacking financial disclosures. PBH's segment breakdown does not include per brand or product revenue which we believe is material due to the varying growth prospects of individual brands and products and the large number of acquisition PBH has completed to grow its offerings.",
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