B+G Foods: Reports Q2-2022 Financial Results

Parsippany / NJ. (bgs) B+G Foods Inc. announced financial results for the second quarter and first two quarters of 2022. Commenting on the results, Casey Keller, President and CEO, stated, «During the second quarter, B+G Foods experienced continued pressure from inflation ahead of recovering pricing actions. Within the quarter, we saw improvement in June results from early pricing realization behind June list price increases. Looking forward, we expect to return to prior year adjusted Ebitda performance in the back half of the year as pricing actions catch up to and recover cost increases. Although we expect some inflation into 2023, we are cautiously optimistic that the spikes in major commodity and input costs have peaked or moderated.» For additional information please read the Company’s PDF file below (83 KB):