B&G Foods (BGS) Q2 Earnings Match Estimates

Financial Performance - B&G Foods reported quarterly earnings of $0.08 per share, matching the Zacks Consensus Estimate, but down from $0.15 per share a year ago [1] - The company posted revenues of $444.59 million for the quarter, exceeding the Zacks Consensus Estimate by 2.54%, but down from $469.64 million year-over-year [2] - Over the last four quarters, B&G Foods has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - B&G Foods shares have declined approximately 20.3% since the beginning of the year, contrasting with the S&P 500's gain of 8.7% [3] - The current Zacks Rank for B&G Foods is 4 (Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $476.45 million, and for the current fiscal year, it is $0.77 on revenues of $1.95 billion [7] - The outlook for the food industry, particularly the Food - Miscellaneous sector, is currently in the bottom 41% of Zacks industries, which may impact B&G Foods' stock performance [8]