US05508R1068 - Common Stock
Shares of packaged foods company B&G Foods (NYSE:BGS) fell 19.4% in the afternoon session after the company reported underwhelming third-quarter earnings. Its sales and earnings missed Wall Street's estimates. Given the poor results, it lowered its full-year revenue and EPS guidance, suggesting the weaknesses recorded during the quarter might persist as management called out a slower-than-expected recovery in sales trends. While the weak trends partly explain the declining volumes during the quarter, the sale of the Green Giant U.S. shelf-stable product line also had a negative impact. Overall, this was a weaker quarter.
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Packaged foods company B&G Foods (NYSE:BGS) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 8.3% year on year to $461.1 million. The company’s full-year revenue guidance of $1.94 billion at the midpoint came in slightly below analysts’ estimates. Its non-GAAP profit of $0.13 per share was also 34.5% below analysts’ consensus estimates.
Packaged foods company B&G Foods (NYSE:BGS) will be announcing earnings results tomorrow after market hours. Here’s what you need to know.
BGS stock results show that B&G Foods missed analyst estimates for earnings per share but beat on revenue for the second quarter of 2024.
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/PRNewswire/ -- B&G Foods announced today a partnership with Four Sixes (6666) Ranch to introduce Four Sixes™ Seasonings, BBQ & Hot Sauces. The line is crafted...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips B&G Foods (NYSE:BGS) just reported results for the first quarter of 2024.B&...