B&G Foods reports Q2 adjusted EPS 15c, consensus 9c

Reports Q2 revenue $469.6M, consensus $465.64M. Commenting on the results, Casey Keller, President and Chief Executive Officer of B&G Foods, 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.”