Shares of B&G Foods, Inc. BGS gained almost 6% during afterhours trading as the shelf-stable and frozen foods company crushed first quarter 2016 earnings estimates and raised its outlook for fiscal 2016.First quarter 2016 adjusted earnings per share of 65 cents per share surpassed the Zacks Consensus Estimate of 51 cents by 27.5%. Earnings per share increased 71.1% from the year-ago figure, owing to higher profit. B&G Foods Inc. (BGS) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Total revenue of $353.0 million however missed the Zacks Consensus Estimate of $360 million by 1.9%.While recent acquisitions pulled up sales, the base business reported weak sales due to lower volumes and currency headwindsHowever, revenues increased 62.6% year over year driven by strong sales of the Mama Mary’s brand, acquired in Jul 2015, and Green Giant acquired in Nov 2015. Net sales contribution of Mama Mary’s brand was $10.5 million and that of Green Giant was $130.2 million during the quarter. Net sales of the company’s comparable base business decreased 2.2% during the quarter, owing to weak sales of two brands, Ortega and TrueNorth. Net sales of the comparable base business were hurt by a 2.2% decline in volume and negative impact of foreign currency on sales, partially offset by an increase in net pricing. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 79.4% to $89.6 million during the quarter, driven by an increase in prices.OutlookB&G Foods raised its fiscal 2016 outlook for net sales, adjusted EBITDA and earnings per share. The Green Giant acquisition (acquired in Nov 2015 from General Mills, Inc. GIS) resulted in better-than-expected profitability in the first quarter of 2016, which led management to raise its expectation. The Green Giant integration is under process and on schedule. The company has a huge pipeline under the brand in the ongoing quarter.The company expects full year 2016 adjusted earnings per share in a range of $2.05 to $2.15, which is significantly higher than the prior expectation of $1.98 and $2.09. The guidance also marks a year-over-year increase over $1.53 per share reported in 2015. Moreover, the earnings per share guidance is way ahead of the current Zacks Consensus Estimate of $1.92.Net sales are expected between $1.39 billion to $1.42 billion compared with the prior expectation of $1.38 billion and $1.42 billion. This is higher than $966.4 million reported in 2015. The Zacks Consensus Estimate of $1.41 billion falls within the company guided range.Adjusted EBITDA is expected to range between $310.0 million to $320.0 million, significantly higher than prior expected range of $294.0 million to $304.0 million.The increase in the earnings outlook is especially encouraging, given that in Mar 2016 B&G Foods had lowered its fiscal 2016 earnings per share guidance. Initially issued at the fourth quarter conference call on Feb 25, the fiscal 2016 earnings per share guidance was lowered following the closure of the public offering of its common stock, which added 4.6 million shares of common stock outstanding.B&G Foods currently has a Zacks Rank #4 (Sell).Better-ranked stocks in the consumer staples space include Campbell Soup Company CPB and J&J Snack Foods Corp. JJSF. While Campbell Soup sports a Zacks Rank #1 (Strong Buy), J&J Snack Foods holds a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GENL MILLS (GIS): Free Stock Analysis Report CAMPBELL SOUP (CPB): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report J&J SNACK FOODS (JJSF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research