Strong Sales Growth
Sales increased 8.3% to $724 million, with a nearly 23% increase in operating profit, driven by strong execution on pricing and a better sales mix within private label offerings.
U.S. Beverage Market Position Maintained
Despite low single-digit declines in the overall category, Lassonde maintained its volume for U.S. brands and completed the installation of production assets in North Carolina.
Canadian Market Share Gains
Canadian beverage activities gained market share, outpacing the category with promotional support, new distribution gains, and a favorable shift in private label sales mix.
Double-Digit Growth in Food Service
Food service activities had a solid quarter with double-digit sales increases, driven by volume gains with U.S. distributors and improved penetration in Canadian national accounts.
Increased Adjusted EBITDA
Adjusted EBITDA increased by 25% to $86 million, or 11.9% of sales, up from $69 million, or 10.4% of sales last year.