B&G Foods, Inc. BGS has been benefiting from burgeoning demand amid pandemic-led higher at-home consumption. Moreover, the company’s focus on strategic acquisitions and growth in e-commerce business are yielding. However, B&G Foods is troubled by escalated SG&A expenses. Additionally, high costs associated with COVID-19 as well as input cost inflation are concerns for the company. Let’s discuss further.
What’s Working in B&G Foods’ Favor?
B&G Foods’ retail business has been seeing continued momentum since last summer as more Americans are embracing cooking and seasoning meals at home amid the pandemic. Moreover, the foodservice business is showing signs of