An update from Premium Brands ( (TSE:PBH) ) is now available.
Premium Brands Holdings Corporation reported record fourth quarter sales and adjusted EBITDA for 2024, with revenue reaching $1.64 billion, a 5.4% increase from the previous year. The company also announced the acquisition of Denmark Sausage, LLC, and declared a first quarter dividend of $0.85 per share for 2025. The strong performance was driven by significant growth in the U.S. market, particularly in protein and baked goods, although challenges persisted in the foodservice channel. The company remains optimistic about overcoming these challenges and continuing its growth trajectory.
More about Premium Brands
Premium Brands Holdings Corporation is a leading producer, marketer, and distributor of branded specialty food products. The company focuses on growth initiatives in the U.S. market, particularly in protein and baked goods, and has a significant presence in the Canadian market through its Premium Food Distribution segment.
YTD Price Performance: -4.87%
Average Trading Volume: 70,944
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.42B
See more data about PBH stock on TipRanks’ Stock Analysis page.