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Premium Brands Holdings Corp T.PBH

Alternate Symbol(s):  T.PBH.DB.G | T.PBH.DB.H | T.PBH.DB.I | PRBZF

Consumer Defensive Packaged Foods
Premium Brands Holdings Corporation is a Canada-based company, which owns a range of specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States. The Company operates through two segments: Specialty Foods and Premium Food Distribution. The Specialty Foods segment consists of its specialty food manufacturing businesses. The Premium Food Distribution segment consists of its differentiated distribution and wholesale businesses as well as certain seafood processing businesses. It provides servicing to approximately 22,000 customers. The logo and its family of brands and businesses includes Harvest Meats, Hempler's, Piller's, Grimm's Fine Foods, Freybe, Isernio's, Expresco and SJ Fine Foods. The Company operates in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia and in Arizona, Minnesota, Mississippi, Nevada, Ohio and Washington.


TSX:PBH - Post by User

Premium Brands Holdings Corp
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Post by retiredcfon Aug 09, 2022 10:34am
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Post# 34881385

Another Assessment

Another Assessment

EPS of $1.38 beat estimates of $1.33 and revenues of $1.52B beat estimates of $1.46B. Revenue increased by 23.1% year-over-year and adjusted EBITDA increased to $130.8M, representing a 16.6% increase. Management increased revenue guidance to be between $5.75B and $6.0B for 2022. The company noted it is seeing signs of a return to more normal market conditions, and while there are headwinds in higher costs, labour issues, and consumer sentiment shifts, the company is already seeing improved growth in the third quarter and the company is expecting continued growth in its operations. Sales increased by 23.1%, however, its net income increased by 126% led by gains on the investments in associates and a reduction in the fair value of options. It increased its free cash flows, expanded its balance sheet, and management signaled for a positive remainder of the year. Overall, we feel investors should be quite pleased with these results. (5iResearch)


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