B&G Foods, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:05 pm EST
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B&G Foods, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 502.73 million compared to USD 528.4 million a year ago. Net loss was USD 82.74 million compared to USD 59.58 million a year ago. Basic loss per share from continuing operations was USD 1.11 compared to USD 0.83 a year ago. Diluted loss per share from continuing operations was USD 1.11 compared to USD 0.83 a year ago.
For the nine months, sales was USD 1,484.19 million compared to USD 1,539.77 million a year ago. Net loss was USD 68.77 million compared to USD 35.67 million a year ago. Basic loss per share from continuing operations was USD 0.94 compared to USD 0.51 a year ago. Diluted loss per share from continuing operations was USD 0.94 compared to USD 0.51 a year ago.
B&G Foods, Inc. manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, and other specialty products. It operates in four segments: Specialty, Meals, Frozen & Vegetables and Spices & Flavor Solutions. Its products are marketed under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Polaner, and Wright's.