What to Expect From B&G Food’s Upcoming Q3 Results?

RBC Capital analysts provided their outlook on B&G Foods, Inc (NYSE:BGS) ahead of the upcoming Q3 earnings announcement tomorrow.

The analysts expect net sales growth of 2% (vs, Street’s 3.5%) and EPS of $0.33 (vs. Street’s $0.32). The analysts expect moderate pricing-driven topline growth with continued margin pressure from raw materials, logistics and agricultural commodities.

According to the analysts, in tracked channels total sales are roughly flat in the September quarter and historical spreads would suggest approximate 1% topline growth. Read-throughs from packaged food peers this earnings season have been strong, suggesting continued at-home resiliency. While at-home demand remains strong, the company is still dealing with an underperforming supply chain.