B&G Foods Sees FY24 Adj. EPS $0.75-$0.95 vs $0.86 Est., Net Sales $1.955B-$1.985B vs $1.98B Est.
Portfolio Pulse from Benzinga Newsdesk
B&G Foods projects its FY24 adjusted EPS to be between $0.75 and $0.95, compared to the estimated $0.86, with net sales expected to range from $1.955 billion to $1.985 billion, slightly below the $1.98 billion estimate.
May 08, 2024 | 8:42 pm
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B&G Foods anticipates its FY24 adjusted EPS to be in the range of $0.75 to $0.95, versus the consensus estimate of $0.86, and expects net sales to be between $1.955 billion and $1.985 billion, marginally below the estimated $1.98 billion.
The projected EPS and net sales for FY24 are close to analyst estimates, indicating a neutral to slightly negative short-term impact on B&G Foods' stock price. The guidance suggests management's cautious optimism but also acknowledges potential challenges that might prevent significant outperformance.
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