B&G Foods, Inc. (BGS) Misses Q4 EPS by 10c; Guides FY15 Below the Street

B&G Foods, Inc. (NYSE: BGS) reported Q4 EPS of $0.39, $0.10 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $238 million versus the consensus estimate of $237.65 million.

B&G Foods, Inc. sees FY2015 EPS of $1.48-$1.55, versus the consensus of $1.69. B&G Foods, Inc. sees FY2015 revenue of $860-880 million, versus the consensus of $887.24 million.

“2014 was a challenging year for the Company that included a major recall on Ortega, our largest brand, a sizable non-cash impairment of intangible assets due to the underperforming Rickland Orchards brand and continued warehouse distribution issues,” stated Robert C. Cantwell, President, Chief Executive Officer and Interim Chief Financial Officer of B&G Foods. “On the bright side, we were able to achieve positive volume growth on the base business and stabilize pricing in the second half of 2014. We are moving in the right direction as we enter 2015, and we expect that the current year will produce results more consistent with our track record and future expectations.”

For earnings history and earnings-related data on B&G Foods, Inc. (BGS) click here.

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