B&G Foods Sales Soar 57% During Pandemic
Packaged foods specialist B&G Foods (NYSE: BGS) said second-quarter sales are soaring during the COVID-19 pandemic, rising 57.6% over the first eight weeks of the quarter compared to the same period last year and continuing the first quarter's strong performance.
Social distancing and stay-at-home orders have benefited the owner of brands such as Green Giant, Cream of Wheat, and Ortega, but the company isn't anticipating sales to maintain their torrid pace for the last month of the second quarter. B&G Foods says they'll be elevated, but at a more moderate level.
Image source: B&G Foods.
Source Fool.com
