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B&G Foods lower after Q4 expenses cut into profits

  • B&G Foods (BGS -7.2%) trades lower after missing profit estimates with its Q4 report.
  • The company saw higher expenses during the period. As a percentage of revenues, expenses rose to 81.1% from 78.5% a year ago.
  • Piper Jaffray lost a little faith in the stock after sizing up the quarter, downgrading it to Neutral from Overweight.
Comments (3)
  • jzut
    , contributor
    Comments (43) | Send Message
     
    I think this was one of Cramer's favorites. Look at a chart of about a year and a half. Bottom feed?
    13 Feb, 01:37 PM Reply Like
  • jumpnjoey77
    , contributor
    Comments (468) | Send Message
     
    He liked it this time in 2012. He has been pumping industrial stocks lately.
    13 Feb, 02:13 PM Reply Like
  • tallman507
    , contributor
    Comment (1) | Send Message
     
    During the conference call, they appear a little perplexed and blame rapidly declining base revenue on "changes in American's eating habits." It seems a Hail Mary to hope for future growth just based on the snack business they purchased (too competitive). Good company but the growth is gone.
    13 Feb, 03:09 PM Reply Like
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