B&G Foods (BGS +6.2%) posts strong gains after the company raises its FY13 EBITDA guidance....

|By:, SA News Editor

B&G Foods (BGS +6.2%) posts strong gains after the company raises its FY13 EBITDA guidance. When asked about the company's upbeat outlook on the earnings call, CEO David Wenner noted that "the return to some volume growth makes us more confident." Wenner also said (in response to a Wells Fargo analyst) that the decline in gross margins for its Mrs. Dash brand was likely temporary. Overall, gross margins fell to 34.4% from 36.1%. (transcript)