Tag: Higher

Pandemic-Led Demand Aids B&G Foods (BGS), Higher Costs HurtPandemic-Led Demand Aids B&G Foods (BGS), Higher Costs Hurt

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.

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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

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Chicken Soup for the Soul Entertainment, Inc. (CSSE) Moves 6.6% Higher: Will This Strength Last?Chicken Soup for the Soul Entertainment, Inc. (CSSE) Moves 6.6% Higher: Will This Strength Last?

Chicken Soup for the Soul Entertainment, Inc. (CSSE) shares ended the last trading session 6.6% higher at $35.60. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock’s 1.7% loss over the past four weeks.

The upswing in share price came after the company announced the Screen Media acquisition of all North American rights to writer/director Anthony Hayes’ upcoming thriller GOLD, in which he co-stars with Zac Efron.

Screen Media purchased the film following a competitive bidding war among many contenders at last year’s AFM. GOLD

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