Packaged foods company B&G Foods (NYSE: BGS) will be reporting results this Monday afternoon. Here’s what you need to know.
B&G Foods missed analysts’ revenue expectations by 6.8% last quarter, reporting revenues of $425.4 million, down 10.5% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.
Is B&G Foods a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting B&G Foods’s revenue to decline 3.4% year on year to $429.6 million, improving from the 5.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. B&G Foods has missed Wall Street’s revenue estimates four times over the last two years.
Looking at B&G Foods’s peers in the shelf-stable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Hershey delivered year-on-year revenue growth of 26%, beating analysts’ expectations by 3.1%, and Lamb Weston reported revenues up 4%, topping estimates by 5.7%. Hershey’s stock price was unchanged after the resultswhile Lamb Weston was up 19.3%.
Read our full analysis of Hershey’s results here and Lamb Weston’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the shelf-stable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.4% on average over the last month. B&G Foods’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $5.42 (compared to the current share price of $4.19).
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