B&G Foods (NYSE:BGS) reported its Q3 results on Wednesday, with EPS of $0.31 coming in worse than the Street estimate of $0.34. Revenue was $528.4 million, missing the Street estimate of $536.57 million.
Price elasticities for some of the company’s largest brands and interaction with Private Label remain a key risk factor for the remainder of the year.
The company provided its fiscal 2022 outlook, expecting EPS in the range of $0.90-$1.00, compared to the Street estimate of $1.06. Full-year revenue is expected in the range of $2.1-2.14 billion, compared to the Street estimate of $2.14 billion.
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