B&G Foods (BGS) Tops Q1 EPS by 3c

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Go back to B&G Foods (BGS) Tops Q1 EPS by 3c

B&G Foods Reports Strong Net Sales and Earnings Growth for First Quarter 2020

May 5, 2020 4:05 PM EDT

Provides Update Regarding Impact and Expected Future Impact of COVID-19 on the Company

PARSIPPANY, N.J.--(BUSINESS WIRE)-- B&G Foods, Inc. (NYSE: BGS) today announced financial results for the first quarter of 2020 and provided an update as to how the COVID-19 pandemic is impacting the Company.

First Quarter 2020 Financial Summary (vs. First Quarter 2019 where applicable):

Net sales increased 8.9% to $449.4 million Base business net sales1 increased 4.3% to $430.5 million Diluted earnings per share increased 69.2% to $0.44 Adjusted diluted earnings per share1 increased 4.5% to $0.46 Net... More