It has been about a month since the last earnings report for B&G Foods (BGS) . Shares have added about 14.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is B&G Foods due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. B&G Foods Q1 Earnings & Sales Lag Estimates, Vol ...

Soft Performance B&G Foods, Inc. (BGS) appears in troubled shape, thanks to soft sales trends across its foodservice and industrial segments. The company is battling challenges stemming from persistently high selling, general and administrative (SG&A) expenses, which are exerting pressure on its profitability. Management's efforts to navigate these difficulties have led to a cautious outlook for the fiscal 2024, with anticipated lower net sales and adjusted earnings. The Zacks Consensus Estimate for the fis ...

B&G Foods will release the flavorful new "Ranch Tested, Cowboy Approved" products, with flavor profiles based on the ranch's historic recipes. Over a dozen Seasoning Blends & Packets, BBQ Sauces, and Hot Sauce varieties will be available this month for online shipping and at select grocery stores nationwide, with greater national retail rollout in June. "Four Sixes™ Spices, Seasonings, BBQ & Hot Sauces perfectly capture the Western essence of Four Sixes Ranch, tasting the line instantly transports your tast ...

B&G Foods, Inc. (BGS) came up with first-quarter 2024 results, wherein the top and bottom lines missed the Zacks Consensus Estimate. Both net sales and earnings experienced year-over-year declines.The sales decline was due to foodservice trends and increased promotion spending. Nonetheless, management stated that the company witnessed consistent margins, moderate inflation, stabilizing volumes and reduced leverage.Q1 DetailsB&G Foods posted adjusted earnings of 18 cents per share, which missed the Zacks Con ...

Thank you. Good afternoon. Just was curious how to think about Canada if hypothetically, you were to divest frozen vegetables. Is there an upscale excluding that piece of business? Is there some way that how you think about one gets tied to the other? Where does, sort of, Canada get left after a potential sale? We would probably not maintain the same infrastructure. Yes. Of the three remaining business units, if we were to sell off the frozen vegetable business unit, I think there's three different profiles ...

B&G Foods (BGS) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this food producer would post earnings of $0.28 per share when it actually produced earnings of $0.30, delivering a surprise of 7.14%.Over the last four quarters, the company has ...

Parsippany, N.J., May 8, 2024—B&G Foods, Inc. (NYSE: BGS) today announced financial results for the first quarter of 2024. Financial results for the first quarter of 2024 reflect the impact of the Green Giant U.S. shelf-stable divestiture during the fourth quarter of 2023. Summary Guidance for Full Year Fiscal 2024 ● Adjusted diluted earnings per share revised to a range of $0.75 to $0.95. Net sales for the first quarter of 2024 decreased $36.6 million, or 7.1%, to $475.2 million from $511.8 million for the ...

B&G Foods, Inc. (BGS) is likely to see a top and bottom-line decline when it reports first-quarter 2024 earnings on May 8 after the closing bell. The Zacks Consensus Estimate for revenues is pegged at $484.7 million, which suggests a drop of 5.3% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has remained unchanged in the past 30 days at 20 cents per share. This indicates a decrease of 25.9% from the year-ago quarter’s reported figure. However, BGS has a trailing fou ...

Wall Street Loves This 7.08% Dividend Stock and So Will Passive Income Investors  mezzotint / Shutterstock.com A by-product of both the development of urban cities and the expansion to the Pacific Coast during the 1800’s was the introduction of packaged foods. B&G Foods, Inc. (NYSE: BGS) is an American company that can trace its product history back to 1822, and its products have been a part of American culture and history through the Civil War, the inventions of cars, planes, and television, both World W ...

B&G Foods, Inc. (BGS) has enhanced its innovation pipeline by introducing the latest licensed seasoning and grilling blends under its well-known brands. The company has strategically advanced by reshaping its portfolio through divestitures, and concentrating on segments with higher margins and growth potential. These measures are crucial for aligning B&G Foods with prevailing market trends and consumer preferences, thus improving its competitive stance.The company has reinvigorated its innovation pipeline w ...