RBC Capital Raises Price Target on B&G Foods (BGS) Following 2Q Earnings Beat
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B&G Foods Reports Financial Results for Second Quarter 2016
July 28, 2016 4:06 PM EDTDelivers 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 second quarter and first two quarters of 2016.
Highlights (vs. year-ago quarter where applicable):
Net sales increased 58.2% to $306.4 million Net income increased 61.4% to $30.3 million Adjusted net income* increased 89.7% to $36.1 million Diluted earnings per share increased 45.5% to $0.48 Adjusted diluted earnings per share* increased 67.6%... More