Gross MarginGross margin came in lower than estimated due to higher tariff costs, raw material pricing, promotional activity, and a negative foreign exchange impact.
Market RecommendationThe recommendation for High Liner has been downgraded to Market Perform from Outperform due to near-term headwinds associated with tariff and inflation issues.
Quarterly ResultsHigh Liner reported 3Q results that were below expectations, leading to adjustments for a more conservative view on near-term results.