B&G Foods, Inc. (BGS) is navigating a turbulent operating environment due to broader macroeconomic headwinds, such as food inflation and shifts in consumer spending patterns. While the company has been focused on enhancing its portfolio through innovation and prudent acquisitions, recent performance metrics and guidance paint a concerning picture. The company’s shares have tumbled 16.5% in the past three months compared with the industry’s decline of 9.5%.Key Concerns Surrounding BGS StockB&G Foods’ Foodser ...

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B&G Foods, Inc. (BGS) posted third-quarter 2024 results, wherein the top and bottom lines missed the Zacks Consensus Estimate. Both net sales and earnings experienced year-over-year declines.Sales were impacted by the divestiture of the Green Giant U.S. shelf-stable product line (divested on Nov. 8, 2023), lower unit volumes and consumer purchasing patterns, influenced by high food inflation. However, the Spices and Flavor Solutions business showed positive trends, representing an offset to the overall sale ...

B&G Foods, Inc. (NYSE:BGS) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants AJ Schwab - Senior Associate, Corporate Strategy & Business Development Kenneth Keller - President, CEO & Director Bruce Wacha - EVP, Finance & CFO Conference Call Participants Andrew Lazar - Barclays Michael Lavery - Piper Sandler Robert Rigby - Bank of America Robert Moskow - TD Cowen Hale Holden - Barclays David Palmer - Evercore ISI Karru Martinson - Jefferies Carla Casella - JPMorgan Operator Go ...

B&G Foods (BGS) came out with quarterly earnings of $0.13 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 -35%. A quarter ago, it was expected that this food producer would post earnings of $0.08 per share when it actually produced earnings of $0.08, delivering no surprise.Over the last four quarters, the company has surpasse ...

Exhibit 99.1 B&G Foods Reports Financial Results for Third Quarter 2024 Parsippany, N.J., November 5, 2024—B&G Foods, Inc. (NYSE: BGS) today announced financial results for the third quarter and first three quarters of 2024. Financial results for the third quarter and first three quarters of 2024 reflect the impact of the Green Giant U.S. shelf-stable divestiture during the fourth quarter of 2023. Summary | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|--- ...

B&G Foods, Inc. (BGS) is likely to register a decline in its top and bottom lines when it reports third-quarter 2024 earnings on Nov. 5. The Zacks Consensus Estimate for revenues is pegged at $472.7 million, suggesting a fall of almost 6% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for quarterly earnings has remained unchanged in the past 30 days at 20 cents per share. The projection indicates a decline of 25.9% from the figure reported in the year-ago period quarter. B&G Foo ...

B&G Foods, Inc. (BGS) is currently trading at a notably low price-to-earnings (P/E) multiple, which is below the Zacks Food – Miscellaneous industry and broader Consumer Staples averages. With a forward 12-month P/E ratio of 10.69, BGS stands below the industry average of 16.21X and the sector's 17.94X. Image Source: Zacks Investment Research The stock is undervalued compared with its industry peers, offering compelling value to investors looking for exposure to the consumer staple sector. Furthermore, BGS' ...

B&G Foods, Inc. (BGS) posted second-quarter 2024 results, wherein both net sales and earnings experienced year-over-year declines. While the bottom line matched the Zacks Consensus Estimate, the top line surpassed the same. Management pulled down its guidance for 2024. B&G Foods is steadfast in its pursuit of enhancing organic growth and refining its portfolio, even amid shortterm challenges in the demand for consumer-packaged foods. The second-quarter results met expectations, with the base business net sa ...

B&G Foods, Inc. (NYSE:BGS) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants AJ Schwab - Senior Associate, Corporate Strategy and Business Development Kenneth Keller - President, Chief Executive Officer and Director Bruce Wacha - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays William Reuter - Bank of America Rob Dickerson - Jefferies Karru Martinson - Jefferies Michael Lavery - Piper Sandler Carla Casella - J ...