B&G Foods faces rising freight, commodity costs as growth recovers in Q1 — Panjiva
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B&G Foods faces rising freight, commodity costs as growth recovers in Q1

Ags - Fruit/Veg 151 Ags - Grains/Beans 324 Ags - Meat/Dairy 274 Ags - Softs 148 Consumer Staples 818 Earnings 761 Quote Watch 452 U.S. 5418

B&G Foods, owner of the Green Giant and other food brands, reported FQ4 revenues (to Jan. 2 2021) which rose by 8.5% year over year, missing analysts’ estimates by 4.4 percentage points. U.S. seaborne imports linked to the firm also only expanded slowly with growth of 2.9% in calendar Q4. The firm also had to deal with cost inflation “particularly for freight costs, certain agricultural products and other ingredient costs and packaging” according to CFO Bruce Wacha. More recently there has been a turnaround with U.S. seaborne imports up by 56.1% year over year i...

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