US food group B&G Foods has booked a jump in third-quarter profits on the back of rising sales boosted by last year’s The Cream of Wheat acquisition.
Go deeper with GlobalData
B&G, the New Jersey-based cereals-to-salad dressings business, posted a 40.7 leap in net income to US$4.8m for the three months to the end of September.
Net sales rose almost 15% to $117m with the bulk of the increase coming from The Cream of Wheat, a cereals business that B&G bought in February.
Chief executive David Wenner said: “Cream of Wheat continues to perform well and has contributed meaningfully to our top and bottom line growth.
“Our base business has been stable in the face of a challenging cost environment and we continue to evaluate pricing actions to counter foreseeable cost increases as we review our product lines for the balance of 2007 and 2008.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
