NYSE$BGS
B&G Foods Inc. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported strong growth in net sales and earnings, driven by increased demand due to the COVID-19 pandemic.
B&G Foods reported a significant increase in net sales and earnings for the second quarter of 2020, primarily driven by increased demand for its products due to the COVID-19 pandemic. Net sales increased by 38.1% to $512.5 million, and net income increased by 146.1% to $44.9 million.
- Net sales increased 38.1% to $512.5 million.
- Base business net sales increased 33.9% to $496.9 million.
- Diluted earnings per share increased 150.0% to $0.70.
- Net income increased 146.1% to $44.9 million.
Headline financials
Revenue & EPS history
B&G Foods · Revenue · Quarterly
$513M
Forward guidance
B&G Foods' management believes that net sales and adjusted EBITDA for full year fiscal 2020 will materially exceed the full year fiscal 2020 net sales and adjusted EBITDA guidance provided by management when the Company reported fiscal 2019 results in February 2020. The Company’s management is unable to fully estimate the impact the COVID-19 pandemic will have on the Company’s third quarter and full year fiscal 2020 results and therefore is unable at this time to provide guidance for the remainder of 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2020
+0.1%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.4%
Avg return
30 days after
43%
27 / 63 earnings
Positive
+29.2%
Q4 2022
Best reaction
-27.0%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -13.1% | -18.8% | -20.0% | |
| Q4 2026 | +16.4% | +10.5% | -1.6% | |
| Q3 2026 | +0.8% | +16.8% | +15.3% | |
| Q1 2025 | -5.5% | -8.9% | -7.8% | |
| Q4 2024 | +2.9% | -2.8% | -2.9% | |
| Q3 2024 | -18.4% | -25.1% | -23.6% | |
| Q2 2024 | +0.7% | -1.6% | +4.3% | |
| Q1 2024 | -27.0% | -24.4% | -17.5% | |
| Q4 2023 | +21.7% | +27.1% | +22.1% | |
| Q3 2023 | -1.9% | -9.4% | +14.3% | |
| Q2 2023 | +11.2% | +0.4% | -3.6% | |
| Q1 2023 | -3.7% | -4.9% | -15.8% | |
| Q4 2022 | +29.2% | +26.0% | +21.5% | |
| Q3 2022 | -0.6% | -10.9% | -17.8% | |
| Q2 2022 | -7.4% | -10.3% | -19.0% | |
| Q1 2022 | -12.7% | -14.6% | -20.2% | |
| Q4 2021 | -1.0% | -1.2% | -8.9% | |
| Q3 2021 | -0.1% | -0.6% | -9.4% | |
| Q2 2021 | +3.9% | +8.3% | +9.0% | |
| Q1 2021 | -1.5% | +3.2% | +12.6% | |
| Q3 2020 | +2.3% | -4.0% | -1.4% | |
| Q2 2020 | +4.4% | +6.6% | +13.3% | |
| Q1 2020 | +6.5% | +6.3% | +23.0% | |
| Q4 2019 | +20.3% | +13.1% | +27.9% | |
| Q3 2019 | +3.8% | +12.3% | +7.6% | |
| Q2 2019 | +9.2% | +9.2% | -7.4% | |
| Q1 2019 | -11.0% | -14.5% | -14.0% | |
| Q4 2018 | -0.9% | +2.0% | -0.6% | |
| Q3 2018 | -2.4% | +1.1% | +14.5% | |
| Q2 2018 | -1.6% | -1.9% | +0.9% | |
| Q1 2018 | +12.6% | +17.4% | +27.8% | |
| Q4 2017 | -13.4% | -7.8% | -25.9% | |
| Q3 2017 | +10.5% | +3.5% | +19.3% | |
| Q2 2017 | -8.9% | -10.8% | -11.8% | |
| Q1 2017 | -1.0% | +0.2% | -0.5% | |
| Q4 2016 | -8.2% | -10.6% | -14.5% | |
| Q3 2016 | -6.6% | -10.6% | -8.9% | |
| Q2 2016 | +13.7% | +11.7% | +3.8% | |
| Q1 2016 | +22.6% | — | — | |
| Q4 2015 | -7.6% | — | — | |
| Q3 2015 | -1.6% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | +7.0% | — | — | |
| Q4 2014 | -4.2% | — | — | |
| Q3 2014 | -6.2% | — | — | |
| Q2 2014 | -5.7% | — | — | |
| Q1 2014 | -3.5% | — | — | |
| Q4 2013 | -8.4% | — | — | |
| Q3 2013 | -3.8% | — | — | |
| Q2 2013 | -4.1% | — | — | |
| Q1 2013 | +7.6% | — | — | |
| Q4 2012 | -6.8% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | +2.9% | — | — | |
| Q1 2012 | +3.1% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | +1.4% | — | — | |
| Q1 2011 | -10.7% | — | — | |
| Q2 2011 | -10.7% | — | — | |
| Q3 2010 | +6.9% | — | — | |
| Q2 2010 | +2.4% | — | — | |
| Q1 2010 | +1.4% | — | — |
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