B&G Foods Full Year 2024 Earnings: EPS Misses Expectations

B&G Foods (NYSE:BGS) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.93b (down 6.3% from FY 2023).
• Net loss: US$251.3m (loss widened by 280% from FY 2023).
• US$3.18 loss per share (further deteriorated from US$0.89 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

B&G Foods EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 2.2% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's shares are up 12% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with B&G Foods (at least 1 which is a bit unpleasant), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.