B&G Foods Revises FY23 Revenue To $2.11B-$2.13B Vs $2.11B Est.; Reaffirms EPS Of $0.95-$1.15 Vs $1.01 Est.
Portfolio Pulse from Benzinga Newsdesk
B&G Foods has revised its net sales guidance for fiscal 2023 to a range of $2.110 billion to $2.130 billion, reaffirming its adjusted EBITDA guidance at a range of $310 million to $330 million, and its adjusted diluted earnings per share guidance at a range of $0.95 to $1.15. The company provides earnings guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking adjusted EBITDA and adjusted diluted earnings per share guidance to the most directly comparable GAAP financial measures.

August 04, 2023 | 2:26 pm
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NEUTRAL IMPACT
B&G Foods has revised its FY23 revenue guidance, which could potentially impact investor sentiment and the company's stock price.
The revision of B&G Foods' FY23 revenue guidance could potentially impact the company's stock price. However, the company has reaffirmed its EPS, which might balance out any potential negative impact. The overall impact is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100