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 133 Ags - Grains/Beans 299 Ags - Meat/Dairy 250 Ags - Softs 134 Consumer Staples 758 Earnings 724 Quote Watch 452 U.S. 5314

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 in January and February com...

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