B+G Foods: Reports Q1-2022 Financial Results

Parsippany / NJ. (bgs) B+G Foods Inc. announced financial results for the first quarter of 2022. Commenting on the results, Casey Keller, President and Chief Executive Officer of B+G Foods, stated, «First quarter results delivered strong sales growth behind pricing and elevated demand. However, inflation on key input costs was higher than expected primarily resulting from the war in Ukraine and continued supply disruptions, and had a significant impact on gross margins. Recent pricing actions are expected to recover higher costs in the second half of 2022.»

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