earnings
confidence high
sentiment negative
materiality 0.70
B&G Foods Q3 net sales up 3.9% to $515M; adjusted EPS down 25.7% to $0.55
B&G Foods, Inc.
2021-Q3 EPS reported
$1.10
revenue$1,484,474,000
- Net sales $515.0M (+3.9% YoY); diluted EPS $0.32 (-55.6%); adjusted EPS $0.55 (-25.7%).
- Net income $20.7M (-55.7%); adjusted EBITDA $96.2M (-8.1% YoY).
- Reaffirms FY21 net sales guidance $2.05B-$2.10B; sets adjusted EBITDA guidance $358M-$365M.
- CEO Casey Keller cites pricing actions to offset inflation and supply chain disruptions.
- Two-year CAGR vs 2019 pre-pandemic: net sales +12.6%, base biz net sales +4.5%.