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High Liner Foods Inc (TSE:HLF)
TSX:HLF
Earnings Data
Report Date
May 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.72Last Year’s EPS
0.76Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but constructive picture: the company delivered solid top-line growth (+15% sales, +1.5% volume) and is making tangible progress on brand momentum, new product launches, integration synergies and cash flow. However, profitability was meaningfully pressured in Q4 by tariffs, raw material inflation, temporary acquisition accounting impacts and automation-related downtime (gross margin contracted ~330 bps; adjusted EBITDA fell ~18.9%; adjusted net income declined ~78%). Balance-sheet leverage increased materially (net debt +$89.2M; net debt/EBITDA 3.5x). Management expects margin recovery to progress through 2026 (return to EBITDA growth starting in Q1, gross margin guidance ~21–21.5% for the year) and emphasizes ongoing cost, pricing and automation actions to restore margins. Overall, positives around revenue, product/market momentum, financing and integration are offset by near-term margin and leverage headwinds.Company Guidance
Revenue and Volume Growth
Sales increased $35.2 million or 15% to $270.2 million in Q4 2025 (from $235.0 million). Sales volume increased by 900,000 pounds or 1.5% to 61.3 million pounds (from 60.4 million pounds), driven by targeted promotions, pricing actions and favorable product mix.
Reported Net Income and EPS Improvement (GAAP)
Reported net income increased $2.1 million or 35.6% to $8.0 million in Q4; diluted EPS rose to $0.27 from $0.20, reflecting a debt modification gain and lower tax expense.
Product Innovation and Brand Momentum
New product launches and innovation traction: fully cooked whitefish line launched into convenience and noncommercial channels; Sea Cuisine (including new GUINNESS battered fish strips and shrimp) showing strong growth; Tortilla Crusted Tilapia ranked #3 in the value-added seafood category. Fisher Boy and private label distribution expansion also noted.
Foodservice and Channel Wins
Top value-added seafood manufacturer in North America with QSR identified as the fastest-growing channel by volume in the quarter. Successful traction in casual dining, national convenience listings for fully cooked products and secured commitments for Norcod Snow Cod for Q1.
Cash Flow and Financial Flexibility
Net cash flows from operating activities increased by $9.4 million to an inflow of $30.0 million (vs. $20.6 million prior year). Completed an oversubscribed $60 million incremental Term Loan B and a 5-year extension of the asset-based revolving credit facility, signaling lender confidence and improving liquidity.
Integration and Synergy Progress
Conagra Brands retail brands (Mrs. Paul's and Van de Kamp's) integration completed ahead of schedule (November), procurement and distribution synergies already realized (e.g., pollock purchasing and distribution efficiencies), and management reports being on track/slightly ahead toward the targeted $11 million run-rate EBITDA synergies by 2027.
Operational Improvement Initiatives
Ongoing automation and continuous improvement programs are delivering labor savings and plant performance benefits; management expects these initiatives to support sustainable margin improvement through 2026.
TSE:HLF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:HLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | C$16.01 | C$15.91 | -0.62% |
Nov 05, 2025 | C$16.29 | C$14.12 | -13.31% |
Aug 07, 2025 | C$16.46 | C$16.42 | -0.24% |
May 13, 2025 | C$16.20 | C$16.75 | +3.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does High Liner Foods Inc (TSE:HLF) report earnings?
High Liner Foods Inc (TSE:HLF) is schdueled to report earning on May 19, 2026, Before Open (Confirmed).
What is High Liner Foods Inc (TSE:HLF) earnings time?
High Liner Foods Inc (TSE:HLF) earnings time is at May 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:HLF EPS forecast?
TSE:HLF EPS forecast for the fiscal quarter 2026 (Q1) is 0.72.