Parsippany / NJ. (bgs) B+G Foods Inc. announced financial results for the second quarter and first half of 2023. Net sales for H1-2023 decreased USD 29.9 million or 3.0 percent to USD 981.5 million (H1-2022: 1,011.4 million). The decrease was primarily attributable to the «Back to Nature» divestiture, partially offset by the Yuma acquisition. Commenting on the results, President and Chief Executive Officer Casey Keller stated: «Second quarter results demonstrated strong profit and margin recovery, with gross profit as a percentage of net sales increasing by more than 500 basis points over the second quarter of last year. Further, we continued to drive stronger cash flow and improve the balance sheet with steady reduction in our net leverage.» For additional information please read the Company’s PDF file below (89 KB):
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