Why B&G Foods Stock Soared Today

Shares of B&G Foods (NYSE: BGS) popped 11.6% on Friday after the shelf-stable and frozen foods specialist announced better-than-expected second-quarter 2019 results. 

Quarterly net sales declined 4.4% year over year to $371.2 million, translating to a slight decline in adjusted earnings to $24.5 million. Adjusted earnings per share remained essentially flat at $0.38. Analysts, on average, were expecting earnings of $0.35 per share on slightly lower revenue.

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