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

·5-min read
A Big Acquisition Is Hiding Big Risks at B&G Foods
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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."

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