Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,117.81
    +38.95 (+0.48%)
     
  • Bitcoin USD

    64,180.15
    +457.99 (+0.72%)
     
  • CMC Crypto 200

    1,383.80
    -12.74 (-0.91%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • Dow

    38,085.80
    -375.12 (-0.98%)
     
  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     
  • Gold

    2,359.60
    +17.10 (+0.73%)
     
  • Crude Oil

    84.07
    +0.50 (+0.60%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

A Big Acquisition Is Hiding Big Risks at B&G Foods

A Big Acquisition Is Hiding Big Risks at B&G Foods

When packaged food maker B&G Foods (NYSE: BGS) reported earnings for the first quarter of 2021, it said sales were up by a hefty 12.4% year over year. B&G Foods' 12.4% year-over-year first-quarter sales advance was helped along by its acquisition of Crisco in December 2020. The company's specific wording in its earnings release back in May was "driven by the Crisco acquisition and continued strong base business net sales."