B&G Foods (BGS) Hurt by Soft Foodservice Sales & High Costs

Soft Performance B&G Foods, Inc. (BGS) appears in troubled shape, thanks to soft sales trends across its foodservice and industrial segments. The company is battling challenges stemming from persistently high selling, general and administrative (SG&A) expenses, which are exerting pressure on its profitability. Management's efforts to navigate these difficulties have led to a cautious outlook for the fiscal 2024, with anticipated lower net sales and adjusted earnings. The Zacks Consensus Estimate for the fis ...