B&G Foods earnings, Revenue miss in Q3

  • Investing.com
B&G Foods earnings, Revenue miss in Q3
Credit: © Reuters.

Investing.com - B&G Foods reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

B&G Foods announced earnings per share of $0.31 on revenue of $528.4M. Analysts polled by Investing.com anticipated EPS of $0.34 on revenue of $536.57M.

B&G Foods shares are down 19% from the beginning of the year and are trading at $13.48 , down-from-52-week-high.

B&G Foods shares lost 7.99% in after-hours trade the report.

B&G Foods follows other major Consumer Staples sector earnings this month

B&G Foods's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.

Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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