B&G Foods Q2 EPS $0.15 Beats $0.09 Estimate, Sales $469.64M Beat $465.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
B&G Foods (NYSE:BGS) reported Q2 earnings of $0.15 per share, beating the analyst consensus estimate of $0.09 by 66.67%. This is a 114.29% increase from the same period last year. The company also reported quarterly sales of $469.64 million, beating the analyst consensus estimate of $465.64 million by 0.86%. However, this is a 1.95% decrease from the same period last year.
August 04, 2023 | 2:19 pm
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POSITIVE IMPACT
B&G Foods reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term. However, the YoY decrease in sales might temper this impact.
B&G Foods reported a significant increase in Q2 earnings and also beat sales estimates, which is generally positive news for the stock. However, the YoY decrease in sales indicates a potential slowdown in growth, which could temper the positive impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100