High Liner Foods faced challenges in Q1 2025 primarily due to the later timing of Lent, a slowdown in foodservice, and foreign exchange impacts. However, the company demonstrated resilience through strong retail performance, innovation, and operational efficiencies. The promising start to Q2 indicates potential for recovery and growth despite the headwinds.

Company Guidance -

Q3 2025

During the High Liner Foods Q1 2025 conference call, the company provided detailed guidance on its financial performance, highlighting several key metrics despite the challenging macroeconomic environment. Sales volume decreased by 1.5% to GBP66 million, and net sales fell by 3.1% to $268.4 million, mainly due to a later Lenten period and decreased foodservice traffic, although retail and contract manufacturing experienced growth. Gross profit decreased by 3.1% to $63.5 million, with gross profit as a percentage of sales increasing slightly to 23.7%. Adjusted EBITDA fell by 6.1% to $32.1 million, and net income decreased by 7.8% to $15.3 million. The company also noted an increase in net debt to $274.7 million from $233.2 million at the end of fiscal 2024, with a net debt to adjusted EBITDA ratio of 2.7x. Despite these declines, the company expressed optimism in its resilience and strategic initiatives, projecting strong performance for the first half of 2025 and aiming to maintain a net debt to adjusted EBITDA ratio below its long-term target of 3x by the end of fiscal 2025.

Retail Channel Success

Volumes and sales grew in the retail business during Q1 2025, supported by targeted promotional activities and new product innovations, such as the Sea Cuisine shrimp skewers. The U.S. retail market saw notable growth with brands like Fisher Boy and Sea Cuisine outperforming the category.

Innovation and Product Development

High Liner Foods increased focus on innovation, introducing new products such as Sea Cuisine shrimp skewers and Cheddar Biscuit Tilapia, which have been well-received in the market. The company is also leveraging alternative species to combat price and supply challenges.

Operational Performance and Strategic Initiatives

The company has implemented effective promotional strategies and operational improvements, maintaining a stable gross margin percentage despite various headwinds.

Strong Start to Q2 2025

Despite the challenges in Q1 due to the late timing of Lent, the company reported strong performance in April 2025, setting a positive tone for Q2.

High Liner Foods (TSE:HLF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:HLF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.41 / -	0.275	―	―	―
Aug 07, 2025	2025 (Q2)	0.57 / 0.52	0.481	8.57% (+0.04)	―	―
May 13, 2025	2025 (Q1)	0.65 / 0.76	0.756	0.00% (0.00)	―	―
Feb 26, 2025	2024 (Q4)	0.31 / 0.56	0.316	78.26% (+0.25)	―	―
Nov 08, 2024	2024 (Q3)	0.31 / 0.28	0.193	42.86% (+0.08)	―	―
Aug 07, 2024	2024 (Q2)	0.36 / 0.48	0.399	20.69% (+0.08)	―	―
May 14, 2024	2024 (Q1)	0.44 / 0.76	0.66	14.58% (+0.10)	―	―
Feb 21, 2024	2023 (Q4)	0.31 / 0.32	0.481	-34.29% (-0.17)	―	―
Nov 09, 2023	2023 (Q3)	0.31 / 0.19	0.564	-65.85% (-0.37)	―	―
Aug 10, 2023	2023 (Q2)	0.43 / 0.40	0.399	0.00% (0.00)	―	―

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
Aug 07, 2025	C$17.05	C$17.03	-0.12%
May 13, 2025	C$16.76	C$17.33	+3.40%
Feb 26, 2025	C$15.44	C$16.40	+6.22%
Nov 08, 2024	C$12.78	C$12.96	+1.41%

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 Nov 05, 2025, Before Open (Confirmed).

What is High Liner Foods Inc (TSE:HLF) earnings time?

High Liner Foods Inc (TSE:HLF) earnings time is at Nov 05, 2025, 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 2025 (Q3) is 0.41.

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