B&G Foods (BGS) Misses Q1 EPS by 6c, Offers Guidance

B&G Foods (NYSE: BGS) reported Q1 EPS of $0.33, $0.06 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $198.1 million versus the consensus estimate of $204.92 million.

B&G Foods sees FY2014 EPS of $1.59-$1.65, versus the consensus of $1.58.

Guidance

B&G Foods increased its adjusted EBITDA guidance for fiscal 2014 to a range of approximately $209.0 million to $214.0 million. B&G Foods also set its adjusted diluted earnings per share guidance for fiscal 2014 at a range of $1.59 to $1.65. In each case, this guidance assumes, among other things, that the Specialty Brands acquisition closes in April 2014.

For earnings history and earnings-related data on B&G Foods (BGS) click here.

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