Parsippany / NJ. (bgs) B+G Foods Inc. announced financial results for the first quarter of 2024. Financial results for the first quarter of 2024 reflect the impact of the Green Giant U.S. shelf‑stable divestiture during the fourth quarter of 2023. President and Chief Executive Officer Casey Keller: «B+G Foods’ first quarter results demonstrated consistent margins and moderating inflation, with declines in net sales driven by foodservice trends and increased promotion spending. Volumes to retail customers were relatively flat. Going forward, we remain committed to driving low single digit growth and continuing to reduce leverage. Further, we are accelerating efforts to reshape and clarify the portfolio for sharper focus and fit.»
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20240510-BG-FOODS-Q12024.OTHER TOPICS FROM THIS SECTION FOR YOU:
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