PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — B&G Foods Inc. (BGS) on Wednesday reported first-quarter net income of $835,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Parsippany, New Jersey-based company said it had profit of 1 cent. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.
The food producer posted revenue of $425.4 million in the period.
B&G Foods shares have dropped slightly more than 8% since the beginning of the year. The stock has fallen 43% in the last 12 months.
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