B&G Foods, Inc. Reports Earnings Results for the First Quarter Ended March 30, 2024
May 08, 2024 at 04:05 pm
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B&G Foods, Inc. reported earnings results for the first quarter ended March 30, 2024. For the first quarter, the company reported sales was USD 475.22 million compared to USD 511.81 million a year ago. Net loss was USD 40.24 million compared to net income of USD 3.42 million a year ago.
Basic loss per share from continuing operations was USD 0.51 compared to basic earnings per share from continuing operations of USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.51 compared to diluted earnings per share from continuing operations of USD 0.05 a year ago.
B&G Foods, Inc. manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, and other specialty products. It operates in four segments: Specialty, Meals, Frozen & Vegetables and Spices & Flavor Solutions. Its products are marketed under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Polaner, and Wright's.
B&G FOODS, INC. 
