During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
B&G Foods' (BGS) second-quarter 2024 results reflect lower earnings and sales amid demand challenges in the consumer-packaged food space.
B&G Foods, Inc. (NYSE:BGS ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants AJ Schwab - Senior Associate, Corporate Strategy and Business Development Kenneth Keller - President, Chief Executive Officer and Director Bruce Wacha - Executive Vice President of Finance and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays William Reuter - Bank of America Rob Dickerson - Jefferies Karru Martinson - Jefferies Michael Lavery - Piper Sandler Carla Casella - JPMorgan David Palmer - Evercore ISI Robert Moskow - TD Cowen Operator Good day, and welcome to the B&G Foods, Inc. Second Quarter 2024 Financial Results Conference Call. Today's call, which is being recorded is scheduled to last about one hour, including remarks by B&G Foods Management and the question-and-answer session.
B&G Foods (BGS) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a year ago.
B&G Foods' (BGS) Q2 results are likely to reflect the impacts of category-wide challenges across the food industry and high SG&A costs.
B&G Foods (BGS) faces challenges in foodservice and slower recovery in net sales from retail customers, highlighting uncertain prospects in the near term.
Many penny stocks have potential to break through the “penny stock ceiling” of $5 per share. Conversely, a great deal of stocks are trading above “penny stock territory,” which could be best described as doomed penny stocks.
BGS, CNH and FIVE have been added to the Zacks Rank #5 (Strong Sell) List on July 8, 2024.
There are many dividend stocks that make for great long-term investments, but conversely, there are many dividend stocks to sell before they wreak havoc on your portfolio. The prospect of steady, cash-based returns is one of the main areas of appeal with dividend stocks, particularly high-yield dividend stocks.
B&G Foods (BGS) is battling emerging challenges in its foodservice division and a slower rebound in net sales to retail customers. The challenges stem from persistently rising expenses.
B&G Foods (BGS) reported earnings 30 days ago. What's next for the stock?
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