B&G Foods reports Q1 adjusted EPS 4c, consensus 16c

Reports Q1 revenue $425.4M, consensus $459.33M. Commenting on the results, Casey Keller, President and Chief Executive Officer of B&G Foods, stated, “Our first quarter results reflect the challenging environment in the packaged foods industry at the start of 2025, including the impact of retailer inventory reductions and a shift in Easter timing into the second quarter. While January and February were especially difficult, recent net sales in March, April and early May have begun to show stabilizing trends versus last year. We remain laser focused on our critical priorities: improving our core business net sales trends, reshaping our portfolio for future growth and higher margins, and reducing leverage through divestitures and excess cash flow to facilitate strategic acquisitions. We have also accelerated our cost reduction efforts and expect to achieve significant cost savings during the remainder of the year.”