NYSE:BGSFood
B&G Foods (BGS) Stock Climbs On Margin Gains As Debt Risk Lingers
B&G Foods stock inched up 2.8% to US$3.68 into the close, a modest bounce for a company that has been under pressure over the past quarter. The move came as investors weighed a small quarterly net loss of US$4.0 million against a clear improvement in margins.
The market seemed to latch onto one thing above all: adjusted earnings before interest, taxes, depreciation and amortization margin widened to 15.8% of sales while revenue reflected portfolio reshaping rather than simple demand erosion...