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

The 10-second takeaway
 For the quarter ended June 29 (Q2), B&G Foods met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share didn't change. GAAP earnings per share contracted to a loss.

Margins dropped across the board.

Revenue details
 B&G Foods reported revenue of $160.9 million. The one analyst polled by S&P Capital IQ looked for a top line of $162.3 million on the same basis. GAAP reported sales were 8.3% higher than the prior-year quarter's $148.6 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 $0.33. The two earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. Non-GAAP EPS of $0.33 were the same as the prior-year quarter. GAAP EPS were -$0.03 for Q2 versus $0.33 per share for the prior-year quarter.

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 34.6%, 20 basis points worse than the prior-year quarter. Operating margin was 22.5%, 110 basis points worse than the prior-year quarter. Net margin was -0.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $183.3 million. On the bottom line, the average EPS estimate is $0.41.

Next year's average estimate for revenue is $722.7 million. The average EPS estimate is $1.56.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on B&G Foods is outperform, with an average price target of $34.50.

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