Previous close | 5.40 |
Open | 5.40 |
Bid | 8.00 |
Ask | 8.50 |
Strike | 16.00 |
Expiry date | 2024-05-17 |
Day's range | 5.40 - 5.40 |
Contract range | N/A |
Volume | |
Open interest | 1 |
Packaged foods company B&G Foods (NYSE:BGS) fell short of analysts' expectations in Q1 CY2024, with revenue down 7.1% year on year to $475.2 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $1.97 billion at the midpoint. It made a non-GAAP profit of $0.18 per share, down from its profit of $0.27 per share in the same quarter last year.
PARSIPPANY, N.J., May 08, 2024--B&G Foods, Inc. (NYSE: BGS) today announced financial results for the first quarter of 2024. Financial results for the first quarter of 2024 reflect the impact of the Green Giant U.S. shelf‑stable divestiture during the fourth quarter of 2023.
B&G Foods' (BGS) first-quarter results are likely to reflect challenges associated with a volatile operational landscape, while gains from innovation are an upside.