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Premium Brands (TSE:PBH)
TSX:PBH
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.72Last Year’s EPS
0.54Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 21, 2025
|% Change Since: 4.73%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with record sales and EBITDA growth, driven by strategic acquisitions and strong U.S. market performance. Despite challenges from tariff uncertainty and temporary sales issues, the company maintains a strong liquidity position and forecasts record growth for 2025.Company Guidance
During the 2024 Year-End Conference Call, Premium Brands reported solid financial performance and strategic progress. Sales increased by $210 million or 3.3% to reach $6.5 billion, while adjusted EBITDA margins expanded by 30 basis points to 9.2%. The company's U.S.-focused initiatives, particularly in the Protein, Sandwich, and Bakery Groups, were key drivers, with U.S. sales rising by over 20% in some categories. Despite challenges like lower lobster sales and reduced sandwich volumes with a major customer, the company achieved quarterly sales of $1.64 billion, up 5.4% from the previous year. Adjusted EBITDA for the quarter rose 8.4% to $148.7 million, and adjusted earnings per share increased to $1.05 from $0.85. The company maintained a strong financial position with $583 million in unused credit capacity and plans to manage debt levels, which were slightly impacted by currency fluctuations. Looking forward, Premium Brands projects 2025 revenues between $7.2 billion and $7.4 billion and expects both adjusted earnings and earnings per share to reach record levels, driven by ongoing U.S. sales initiatives and market stabilization in Canada.Record Sales and EBITDA Growth
Sales for the year increased by $210 million or 3.3% to $6.5 billion, with adjusted EBITDA margins expanding by 30 basis points to 9.2%. This marks the third consecutive year of EBITDA margin expansion.
Strong Performance in U.S. Markets
Organic volume growth from U.S.-focused sales initiatives contributed $55 million, with U.S. sales initiatives in Protein, Sandwich, and Bakery Groups driving over 20% growth in organic volume.
Strategic Acquisitions
Recent acquisitions of Casa, NSP Quality Meats, Italia Salami Company, and Denmark Sausage expand capacity in high-growth categories benefiting from favorable consumer trends.
Projected Record Growth in 2025
Projected revenue growth to $7.2 billion - $7.4 billion and adjusted EBITDA to $680 million - $700 million for 2025, driven by U.S. sales initiatives and recent acquisitions.
Strong Liquidity Position
Company finished the quarter with $583 million in unused credit capacity, and an offering of convertible debentures resulted in net proceeds of $144 million.
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TSE:PBH 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
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TSE:PBH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 21, 2025 | C$75.25 | C$78.72 | +4.61% |
| Nov 06, 2024 | C$83.82 | C$77.37 | -7.70% |
| Aug 08, 2024 | C$85.71 | C$84.90 | -0.95% |
| May 13, 2024 | C$86.62 | C$89.74 | +3.60% |
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.
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FAQ
When does Premium Brands (TSE:PBH) report earnings?
Premium Brands (TSE:PBH) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Premium Brands (TSE:PBH) earnings time?
Premium Brands (TSE:PBH) earnings time is at May 19, 2025, TBA Not 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:PBH EPS forecast?
TSE:PBH EPS forecast for the fiscal quarter 2025 (Q1) is 0.72.
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