B&G Foods (BGS) delivered earnings and revenue surprises of -10% and 1.55%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
PARSIPPANY, N.J., May 08, 2024--B&G Foods, Inc. (NYSE: BGS) today announced financial results for the first quarter of 2024. Financial results for the first quarter of 2024 reflect the impact of the Green Giant U.S. shelf‑stable divestiture during the fourth quarter of 2023.
B&G Foods' (BGS) first-quarter results are likely to reflect challenges associated with a volatile operational landscape, while gains from innovation are an upside.