B&G Foods (NYSE: BGS) reported earnings on April 18. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 30 (Q1), B&G Foods met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. GAAP earnings per share increased.

Gross margins shrank, operating margins dropped, net margins increased.

Revenue details
 B&G Foods recorded revenue of $171.2 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $169.5 million on the same basis. GAAP reported sales were 8.8% higher than the prior-year quarter's $157.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.37. The five earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. GAAP EPS of $0.37 for Q1 were 5.7% higher than the prior-year quarter's $0.35 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 34.4%, 170 basis points worse than the prior-year quarter. Operating margin was 23.5%, 80 basis points worse than the prior-year quarter. Net margin was 11.5%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $163.3 million. On the bottom line, the average EPS estimate is $0.35.

Next year's average estimate for revenue is $687.7 million. The average EPS estimate is $1.50.

Investor sentiment

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 $31.40.

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