B&G Foods Q2 2024 Adj. EPS $0.08 Misses $0.09 Estimate, Sales $444.590M Beat $435.830M Estimate
Portfolio Pulse from Benzinga Newsdesk
B&G Foods (NYSE:BGS) reported Q2 2024 earnings per share (EPS) of $0.08, missing the analyst consensus estimate of $0.09 by 11.11%. This represents a 46.67% decrease from the same period last year. However, the company reported quarterly sales of $444.590 million, beating the analyst consensus estimate of $435.830 million by 2.01%, though this is a 5.33% decrease from the same period last year.
August 06, 2024 | 8:24 pm
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B&G Foods reported Q2 2024 EPS of $0.08, missing estimates by 11.11% and showing a 46.67% YoY decrease. Sales beat estimates at $444.590M but were down 5.33% YoY.
The miss on EPS and significant YoY decrease in earnings are likely to negatively impact investor sentiment in the short term, despite the sales beat. The overall financial performance indicates challenges in profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100