Premium Brands (TSE:PBH) Announces Quarterly Earnings Results

Premium Brands (TSE:PBH) posted its earnings results on Thursday. The company reported C$0.83 EPS for the quarter, FiscalAI reports. The company had revenue of C$2.05 billion for the quarter. Premium Brands had a net margin of 0.54% and a return on equity of 2.38%.

Here are the key takeaways from Premium Brands’ conference call:

• Record Q1 results with CAD 2.1 billion in sales and CAD 171.5 million adjusted EBITDA, reflecting strong multi-year growth (sales up ~40% vs two years ago) and a 24.6% increase vs Q1 2025.
• U.S. expansion drove performance — Specialty Foods U.S. delivered ~9.9% organic volume growth (US protein initiatives ~22.7% organic growth), U.S. sales reached CAD 1.5 billion, and the Kettle business is expected to exceed CAD 100 million this year with longer-term scaling potential.
• Startup and restructuring costs fell sharply as new production capacities hit base operating parameters, and management expects materially improved operating margins with substantially lower 2026 restructuring charges.
• Company reaffirmed 2026 guidance of CAD 9.25B–CAD 9.55B revenue and CAD 870M–CAD 910M adjusted EBITDA and remains on track to exceed its 5‑year targets of CAD 10B sales and CAD 1B EBITDA.
• The jerky category is contracting due to high beef costs and consumer price sensitivity, and higher depreciation/lease/interest from recent investments partially offset profitability improvements.

Premium Brands Price Performance

Premium Brands stock opened at C$89.85 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.23 and a debt-to-equity ratio of 206.42. Premium Brands has a 52-week low of C$78.53 and a 52-week high of C$106.79. The firm has a market cap of C$4.67 billion, a PE ratio of 99.83, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80. The company’s 50 day moving average is C$89.14 and its two-hundred day moving average is C$94.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Premium Brands from C$129.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets cut their target price on Premium Brands from C$125.00 to C$116.00 in a research report on Friday, March 20th. Ventum Capital upped their price target on Premium Brands from C$124.00 to C$128.00 and gave the stock a “buy” rating in a research note on Friday. Canadian Imperial Bank of Commerce raised their price target on Premium Brands from C$110.00 to C$115.00 in a research report on Friday. Finally, Scotia boosted their price objective on Premium Brands from C$100.00 to C$110.00 and gave the company a “sector outperform” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$118.62.

Key Headlines Impacting Premium Brands

Here are the key news stories impacting Premium Brands this week:

• Positive Sentiment: Scotia raised its price target on Premium Brands (PBH) to C$110 from C$100 and reiterated a “sector outperform” rating, signaling confidence in further upside. Scotia price target raise
• Positive Sentiment: Royal Bank of Canada increased its target to C$131 from C$129 and kept an “outperform” rating, one of the most bullish calls among the recent updates. RBC price target raise
• Positive Sentiment: Ventum Capital lifted its target to C$128 from C$124 and maintained a “buy” rating, adding to the positive analyst momentum around the stock. Ventum price target raise
• Positive Sentiment: Stifel Nicolaus raised its target to C$117 from C$112 and reiterated a “buy” rating, suggesting continued expectations for solid performance. Stifel price target raise
• Positive Sentiment: Canadian Imperial Bank of Commerce increased its target to C$115 from C$110, reflecting a more constructive outlook after the company’s earnings update. CIBC price target raise
• Neutral Sentiment: Premium Brands reported first-quarter EPS of C$0.83 on revenue of C$2.05 billion, alongside a press release describing record first-quarter sales, adjusted EBITDA and adjusted earnings, plus a declared second-quarter dividend. Q1 results and dividend

Premium Brands Company Profile

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.