The earnings call presented a mix of positive and negative aspects. Highlights included strong sales growth, an increase in adjusted EBITDA, and a strategic acquisition from Conagra. However, there were challenges such as gross margin compression due to tariffs, a significant decrease in net income, and increased net debt. The company is taking steps to mitigate these challenges, but the impact of tariffs and rising costs remains a concern.

Company Guidance

During the second quarter of 2025, High Liner Foods reported a sales increase of 9.8% to $239.6 million, driven by a 6% rise in sales volume to 54.8 million pounds, partly due to the later timing of Lent. Adjusted EBITDA grew by 5.5% to $25.1 million, although the gross profit margin decreased by 170 basis points to 22.3%, impacted by higher raw material costs and tariffs. The company also reported a decrease in net income by 56% to $8.5 million, while adjusted net income rose by 2.7% to $11.5 million. Additionally, net debt increased to $275.9 million, with a net debt to adjusted EBITDA ratio of 2.7x. High Liner Foods successfully acquired two brands, Mrs. Paul's and Van de Kamp's, aiming to leverage cost synergies and expand its U.S. retail footprint.

Sales and Volume Growth

Sales volume increased by 3.1 million pounds or 6% to 54.8 million pounds. Sales increased by $21.3 million or 9.8% to $239.6 million, driven by increased demand across retail and foodservice and a favorable product mix.

Adjusted EBITDA Increase

Adjusted EBITDA increased by $1.3 million or 5.5% to $25.1 million, reflecting the increase in net sales and gross profit.

Acquisition of Conagra Brands

Acquired Mrs. Paul's and Van de Kamp's brands from Conagra, securing existing volume and benefiting from cost and margin synergies. This acquisition positions the company as the second largest producer of frozen seafood in the U.S. by pounds.

U.S. Retail Business Performance

The U.S. retail business outperformed the category, gaining market share with core brands delivering double-digit volume growth.

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

Daily Earnings Calendar >

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)	0.40 / -	0.278	―	―	―
Aug 07, 2025	2025 (Q2)	0.58 / 0.53	0.486	8.57% (+0.04)	―	―
May 13, 2025	2025 (Q1)	0.65 / 0.76	0.763	0.00% (0.00)	―	―
Feb 26, 2025	2024 (Q4)	0.31 / 0.57	0.319	78.26% (+0.25)	―	―
Nov 08, 2024	2024 (Q3)	0.31 / 0.28	0.194	42.86% (+0.08)	―	―
Aug 07, 2024	2024 (Q2)	0.36 / 0.49	0.402	20.69% (+0.08)	―	―
May 14, 2024	2024 (Q1)	0.45 / 0.76	0.666	14.58% (+0.10)	―	―
Feb 21, 2024	2023 (Q4)	0.31 / 0.32	0.486	-34.29% (-0.17)	―	―
Nov 09, 2023	2023 (Q3)	0.32 / 0.19	0.569	-65.85% (-0.37)	―	―
Aug 10, 2023	2023 (Q2)	0.43 / 0.40	0.402	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$16.85	C$16.81	-0.24%
May 13, 2025	C$16.58	C$17.15	+3.44%
Feb 26, 2025	C$15.27	C$16.22	+6.22%
Nov 08, 2024	C$12.65	C$12.82	+1.34%

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 0.4.

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