B&G Foods reports Q4 adjusted EPS 40c, consensus 22c

Reports Q4 revenue $623.3M, consensus $583.9M. Commenting on the results, Casey Keller, President and Chief Executive Officer of B&G Foods, stated, "B&G Foods’ fourth quarter results and performance demonstrated strong recovery, reflecting the catch up of cumulative pricing actions against inflationary cost, a moderating inflationary environment, and the recovery of our higher margin spices & seasonings business. Net sales grew 9% in the fourth quarter behind pricing implementation and supply recovery, with margins improving versus the fourth quarter of last year. We expect to continue year over year margin recovery into fiscal 2023."