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Premium Brands Holdings 4Q Profit, Revenue Fall as Costs Rise

Dow Jones03-19 19:16

By Adriano Marchese

Premium Brands Holdings logged a lower profit in the fourth quarter as higher costs and broader commodity inflation dragged on consumers and left sales below expectations.

The Canadian branded specialty food products company posted on Thursday a lower net income of 11.7 million Canadian dollars ($8.5 million), or C$0.26 a share, down from C$37.3 million, or C$0.84 a share, in the comparable quarter a year ago.

Adjusted earnings were C$1.29 a share. According to FactSet, analysts were expecting C$1.28 a share.

Revenue rose to C$1.9 billion from C$1.64 billion, but missed forecasts of a rise to C$1.92 billion.

The increase was led by its specialty foods segment which saw a 19.3% rise in revenue thanks to higher volumes of products sold, contributions from acquisitions and higher prices of its products to customers. Premium food distribution also saw a rise in revenue of 9%.

Chief Executive George Paleologou said the company faced a volatile environment with record-high beef costs, broader commodity inflation and a challenging consumer backdrop.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 19, 2026 07:16 ET (11:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Premium food distribution also saw a rise in revenue of 9%. \n\n\n  Chief Executive George Paleologou said the company faced a volatile environment with record-high beef costs, broader commodity inflation and a challenging consumer backdrop. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 19, 2026 07:16 ET (11:16 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}