B&G Foods (BGS) Q1 Earnings and Revenues Miss Estimates

Company Performance - B&G Foods reported quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.14 per share, and down from $0.18 per share a year ago, representing an earnings surprise of -71.43% [1] - The company posted revenues of $425.4 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 7.72%, and down from $475.22 million year-over-year [2] - Over the last four quarters, B&G Foods has not surpassed consensus EPS estimates and has topped consensus revenue estimates only twice [2] Stock Performance - B&G Foods shares have declined approximately 8.4% since the beginning of the year, compared to a -4.7% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $435.7 million, and for the current fiscal year, it is $0.69 on revenues of $1.92 billion [7] Industry Outlook - The Zacks Industry Rank for Food - Miscellaneous is currently in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can significantly impact stock performance [5][8]