Premium Brands Holdings Corporation Reports Record First Quarter Sales And Adjusted Ebitda And Declares Second Quarter Dividend
VANCOUVER, B.C., May 7, 2025. Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, announced today its results for the first quarter of 2025.
QUARTER HIGHLIGHTS
⦁ Record first quarter revenue of $1.68 billion representing a 14.9%, or $217.4 million, increase as compared to the first quarter of 2024
⦁ Solid progress on Specialty Foods’ core U.S. growth initiatives in protein, sandwiches and baked goods, which for the quarter generated a combined organic volume growth rate of 9.9%. Including acquisitions, Specialty Foods’ total U.S. sales, which represented 68.6% of its first quarter sales, grew by $176.6 million to $804.4 million
⦁ Record first quarter adjusted EBITDA1 of $136.5 million representing a 12.8%, or $15.5 million, increase as compared to the first quarter of 2024
⦁ First quarter adjusted EPS1 of $0.68 per share representing a 25.9%, or $0.14 per share, increase as compared to the first quarter of 2024
⦁ 2025 sales and adjusted EBITDA1 guidance ranges of $7.2 billion to $7.4 billion, and $680 million to $700 million, reaffirmed
⦁ Declared a dividend of $0.85 per common share for the second quarter of 2025
⦁ Completed the acquisition of Denmark Sausage, LLC
⦁ Completed $172.5 million convertible debenture issuance⦁ The Company reports its financial results in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS Accounting Standards). Adjusted EBITDA and adjusted EPS are non-IFRS financial measures. Reconciliations and explanations for all non-IFRS measures are included in the Non-IFRS Financial Measures section of this press release.
QUESTIONS AND ANSWERS SESSION
The Company will hold a Q&A session on its first quarter 2025 results today at 10:30 a.m. Vancouver time (1:30 p.m. Toronto time). Management’s pre-recorded remarks and an investor presentation that will be referenced on the conference call are available here or by navigating through the Company’s website at www.premiumbrandsholdings.com.
Access to the Q&A session may be obtained by calling the operator at (289) 514-5100 or (800) 717-1738 (Conference ID: 07724) up to ten minutes prior to the scheduled start time. For those who are unable to participate, a recording of the conference call will be available through to 11:59 p.m. Toronto time on June 7, 2025 at (289) 819-1325 or (888) 660-6264 (passcode: 07724#). Alternatively, a recording of the conference call will be available on the Company’s website at www.premiumbrandsholdings.com.
NT4


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