B&G Foods (BGS) Q1 Earnings & Sales Lag Estimates, Volumes Soft

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 ...