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B&G Foods Q1 Profit Rises

B&G Foods, Inc. (BGS: Quote) reported first-quarter net income of $16.78 million or $0.35 per share, compared to $13.31 million or $0.27 per share in the year-ago quarter.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.35 per share. Analysts' estimates typically exclude special items.

Net sales for the first quarter increased to $157.34 million from $131.41 million in the comparable quarter last year, while three analysts expected revenue of $159.30 million for the quarter.

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by RTT Staff Writer

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