B&G Foods (BGS) Falls More Than 15% in 3 Months: Here's Why

These factors impacted BGS' first-quarter 2024 results, wherein the top and bottom lines missed the Zacks Consensus Estimate and declined year over year. Management is cautious about fiscal 2024, forecasting declines in net sales and adjusted earnings. Let's discuss this in detail. The food industry has been facing widespread challenges, and B&G Foods is no exception. The company saw sluggish sales in recent quarters and the trend continued into the fiscal first quarter. The decline can be attributed to cha ...