B&G Foods: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 05:24 PM ET
Last Updated - Jun 21, 2023, 10:37 PM EDT
PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — B&G Foods Inc. (BGS) on Thursday reported first-quarter earnings of $3.4 million.
The Parsippany, New Jersey-based company said it had net income of 5 cents per share. Earnings, adjusted for pretax expenses and costs related to mergers and acquisitions, came to 27 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The food producer posted revenue of $511.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $528.2 million.
