Premium Brands Holdings (TSE:PBH) has released an update.
Premium Brands Holdings Corporation reported a record annual revenue of $6.3 billion for 2023, a 3.8% increase over the previous year, alongside a 10.9% rise in adjusted EBITDA to $559.1 million despite a decrease in adjusted EPS due to higher interest costs. The company saw solid growth in its U.S. specialty food sector and announced a 10.4% dividend hike for the first quarter of 2024. Additionally, guidance for 2024 forecasts revenues between $6.65 and $6.85 billion and adjusted EBITDA from $630 million to $650 million.
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