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 ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

B&G Foods, Inc. (BGS) has strengthened its innovation pipeline, launching licensing seasoning and grilling blends under well-recognized brands. The company has made significant strides in reshaping its portfolio through divestitures, focusing on segments with high margins and growth potential. These steps are pivotal in aligning B&G Foods with current market trends and consumer preferences, thereby enhancing its competitive position.Shares of this Zacks Rank #3 (Hold) company have gained 5.8% in the past si ...

Shares of B&G Foods (BGS 1.32%) were moving higher today after the diversified packaged food company and dividend stock delivered solid results in its fourth-quarter earnings report.B&G also continued to reorient its portfolio around growth brands.According to data from S&P Global Market Intelligence, the stock was up 22.5% for the week as of Thursday's close. B&G makes the right movesB&G, which owns brands such as Green Giant, Ortega, Crisco, and other supermarket staples said that revenue in the fourth qu ...

B&G Foods, Inc. (BGS) posted fourth-quarter 2023 results, wherein the top and bottom lines declined year over year, while both metrics beat the Zacks Consensus Estimate.Nonetheless, management stated that results reflected solid progress, including better margins, stabilizing volumes, greater cash flows and reduced leverage. Further, the company concluded the sale of Green Giant U.S. canned vegetables during the quarter to strengthen its future portfolio.Shares of BGS rallied 5.3% in the after-market tradin ...