PARSIPPANY, N.J. (AP) _ B&G Foods Inc. (BGS) on Thursday reported second-quarter profit of $18.3 million.
The Parsippany, New Jersey-based company said it had profit of 28 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 38 cents per share.
The food producer posted revenue of $371.2 million in the period.
B&G Foods expects full-year earnings in the range of $1.85 to $2 per share, with revenue in the range of $1.67 billion to $1.7 billion.
B&G Foods shares have declined 38% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.90, a fall of 43% in the last 12 months.