B&G Foods, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 02, 2022
August 04, 2022 at 04:05 pm EDT
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B&G Foods, Inc. reported earnings results for the second quarter and six months ended July 02, 2022. For the second quarter, the company reported sales was USD 478.97 million compared to USD 464.38 million a year ago. Net income was USD 0.256 million compared to USD 24.55 million a year ago.
For the six months, sales was USD 1,011.37 million compared to USD 969.51 million a year ago. Net income was USD 23.91 million compared to USD 51.43 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.79 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. The Company complements its branded product retail sales with institutional and foodservice sales and private label sales. Its products include frozen and canned vegetables, crackers, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, bagel chips, spices, hot sauces, baking soda, corn starch, nut clusters and other specialty products. The Company has more than 50 brands, including B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Maryâs, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria. The Company sells, markets and distributes its products through a multiple-channel sales, marketing and distribution system to various United States food channels, including sales and shipments to supermarkets and mass merchants.
B&G FOODS, INC. 
