The 10-second takeaway
For the quarter ended Dec. 31 (Q4), B&G Foods met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped significantly.
Gross margins dropped, operating margins expanded, net margins shrank.
B&G Foods logged revenue of $150.0 million. The four analysts polled by S&P Capital IQ predicted a top line of $150.2 million on the same basis. GAAP reported sales were 5.7% higher than the prior-year quarter's $141.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.30. The five earnings estimates compiled by S&P Capital IQ predicted $0.30 per share on the same basis. GAAP EPS of $0.25 for Q4 were 17% lower than the prior-year quarter's $0.30 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.9%, 30 basis points worse than the prior-year quarter. Operating margin was 20.7%, 30 basis points better than the prior-year quarter. Net margin was 8.2%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $159.3 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $648.7 million. The average EPS estimate is $1.34.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on B&G Foods is hold, with an average price target of $22.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.