tiprankstipranks
B&G Foods Reports Q3 2024 Sales Decline
Company Announcements

B&G Foods Reports Q3 2024 Sales Decline

Don't Miss our Black Friday Offers:

B&G Foods ( (BGS) ) just unveiled an update.

B&G Foods, Inc. reported a decrease in net sales for the third quarter of 2024, down 8.3% to $461.1 million, primarily due to divesting the Green Giant U.S. shelf-stable line and reduced unit volume. Despite improved net pricing, the company faced challenges from foreign currency impacts and higher interest expenses, resulting in a net income of $7.5 million compared to a loss in the previous year. Adjusted EBITDA fell by 12.5%, highlighting ongoing recovery challenges in the packaged food industry.

For a thorough assessment of BGS stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyB&G Foods price target lowered to $7 from $8 at Barclays
TheFlyB&G Foods price target lowered to $7.50 from $8 at TD Cowen
TipRanks Auto-Generated NewsdeskB&G Foods Reports Q3 2024 Financial Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App