date:Jul 23, 2012
Earnings at BG Foods, Inc. rose 27% in the second quarter while sales increased 15%, boosted in large part by the Culver Specialty Brands business acquired in November 2011. Net income in the quarter ended June 30 was $16,026,000, equal to 33c per share on the common stock, up from $12,599,000, or 26c per share, in the same period a year ago.
Net sales in the second quarter rose to $148,612,000 from $129,453,000. BG said Culver Specialty Brands contributed $19.5 million in sales during the quart