B&G Foods (BGS) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this food producer would post earnings of $0.20 per share when it actually produced earnings of $0.18, delivering a surprise of -10%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. B&G Foods, which belongs to the ...

Exhibit 99.1 B&G Foods Reports Financial Results for Second Quarter 2024 Parsippany, N.J., August 6, 2024—B&G Foods, Inc. (NYSE: BGS) today announced financial results for the second quarter and first two quarters of 2024. Financial results for the second quarter and first two 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) has not been in the best shape lately, with its shares down 19.5% in the past three months compared with the industry's decline of 3.9%. The snack food and beverage products stock also trailed the Zacks Consumer Staples and the S&P 500's respective increase of 2.3% and 12.9% in the same time frame. Image Source: Zacks Investment Research Finishing the last trading session at $8.63, the stock stands 75.6% below its 52-week high of $15.15. This Parsippany, New Jersey-based company's stoc ...

Either there's a persistent issue with the underlying business, impacting future prospects, or there's something really weighing on the company, that cannot be immediately deduced from metrics like price-to-earnings (P/E) or price-to-book (P/B). While seemingly cheap today, these hopeless equities stand a strong chance of becoming even cheaper, due to worsening fundamentals. One can place these stocks into one of two categories. First, value traps are stocks that may seem like deep value on a screener, but ...

There are many dividend stocks that make for great long-term investments, but conversely, there are many dividend stocks to sell before they wreak havoc on your portfolio. The prospect of steady, cash-based returns is one of the main areas of appeal with dividend stocks, particularly high-yield dividend stocks. However, these payouts can be outweighed by the poor performance of the underlying stock. Poor fiscal performance and/or insurmountable headwinds can lead to price declines for shares, which even whe ...

These factors impacted BGS' first-quarter 2024 results, wherein the top and bottom lines missed the Zacks Consensus Estimate and declined year over year. Management is cautious about fiscal 2024, forecasting declines in net sales and adjusted earnings. Let's discuss this in detail. The food industry has been facing widespread challenges, and B&G Foods is no exception. The company saw sluggish sales in recent quarters and the trend continued into the fiscal first quarter. The decline can be attributed to cha ...

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 ...