B&G Foods Q3 Profit Declines

(RTTNews) - B&G Foods Inc. (BGS) reported a third-quarter net income of $15.4 million or $0.29 per share, compared to $16.9 million or $0.35 per share, in the comparable quarter last year.

Adjusted net income increased to $18.8 million, or $0.35 per share, from $16.9 million or $0.35 per share last year. Analysts polled by Thomson Reuters expected the company to report profit of $0.40 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales rose 17.6% to $181.35 million from $154.16 million last year, while two analysts expected revenue of $184.83 million for the quarter.