Buckingham Research Upgrades B&G Foods (BGS) to Buy

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Go back to Buckingham Research Upgrades B&G Foods (BGS) to Buy

B&G Foods Reports Financial Results for First Quarter 2016

April 28, 2016 4:06 PM EDT

Delivers Strong Growth in Sales and Earnings

Increases Full Year Guidance

PARSIPPANY, N.J.--(BUSINESS WIRE)-- B&G Foods, Inc. (NYSE: BGS) today announced financial results for the first quarter of 2016.

Highlights (vs. year-ago quarter where applicable):

Net sales increased 62.6% to $353.0 million Base business net sales* decreased 2.2% or $4.8 million Net income increased 69.7% to $33.2 million Adjusted net income* increased 88.0% to $38.6 million Diluted earnings per share increased 55.6% to $0.56 Adjusted diluted earnings per share* increased 71.1% to $0.65... More