B&G Foods, Inc. (NYSE:BGS) appears to be in not-so-great shape, with its shares down 15.3% in the past three months compared with the industry's decline of 8.7%. The company has been encountering severe cost headwinds, which, along with supply-chain disruptions, led management to lower its adjusted EBITDA and earnings per share (ETF:EPS) view for fiscal 2022 when it reported first-quarter results.
The company expects adjusted EBITDA for fiscal 2022 in the range of $348-$358 million compared with the $358-$368 million range forecast earlier and the $358 million recorded in fiscal 2021. The adjusted EPS in fiscal 2022 is envisioned to be nearly in the band of $1.65-$1.75 now, down from the $1.70-$1.85 band projected before. In fiscal 2021, the metric came in at $1.88.
Let's take a closer look at the downsides of this Zacks Rank #4 (Sell) company.
