B&G Foods (BGS) Q4 Earnings Top Estimates, Sales Decline Y/Y

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 ...