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B&G Foods, Inc. (BGS) manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. 
The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, baking powder and soda, corn starch, cookies and crackers, nut clusters, and other specialty products. It markets its products under various brands, including Ac'cent, B&G, B&M, Back to Nature, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Rumford, Sa-són, Sclafani, Spice Islands, Spring Tree, Sugar Twin, Tone's, Trappey's, TrueNorth, Underwood, Vermont Maid, Victoria, and Weber and Wright's.
Shares are heading lower after it reported its quarterly report. On November 9th, BGS reported 3rd Quarter September 2022 earnings of $0.31 per share on revenue of $528.4 million. The consensus earnings estimate was $0.31 per share on revenue of $533.2 million. The Earnings Whisper number was $0.31 per share. Revenue grew 2.6% on a year-over-year basis.
The company said it now expects 2022 earnings of $0.90 to $1.00 per share and continues to expect revenue of $2.10 billion to $2.14 billion. The company's previous guidance was earnings of $1.08 to $1.28 per share and the current consensus earnings estimate is $1.10 per share on revenue of $2.14 billion for the year ending December 31, 2022.
Lower share prices are expected.
Entry Point: $14.65
Trading Range: $12.29 to $34.27
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Profit/Loss Analysis
Closing Summary
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