Q1 2025 Premium Brands Holdings Corp Earnings Call Transcript

May 7, 2025 / 02:30 PM GMT

Release Date Price: $58.9 (+7.40%)

Transcript

Key Points

Positve

Premium Brands Holdings Corp (PRBZF) reported strong demand for protein products, benefiting from macro trends of consumers shifting from carbohydrates to protein.
The company has reiterated its annual guidance, expecting revenue growth of 11 to 14% for the year, with significant growth anticipated in the latter half of the year.
New initiatives and capacity expansions are expected to drive strong growth in Q3 and Q4, with a pipeline of opportunities contributing to this outlook.
The company is on track with its five-year target, leveraging new capacity to accelerate growth, particularly in the US market.
The US bakery segment reported over 30% growth in the quarter, with significant capacity added in San Leandro, California, and strong performance in the Canadian bakery.

Negative

There is some weakness observed in the convenience store channel in the US, although it is not a major component of the business.
The company faces ongoing challenges with raw material inflation, particularly in chicken and beef prices, which are expected to continue as a headwind in Q2.
The lobster segment is experiencing a drag due to higher prices and reduced demand at certain price levels, impacting food service and retail channels.
The beef jerky category, particularly in the US, is facing challenges due to record-high beef prices and softness in the convenience store channel.
Corporate costs have fluctuated significantly, with a run rate expected around $10 to $10.5 million, and interest income was temporarily elevated due to an advance to Clearwater.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PBH.TO - Premium Brands Holdings Corp
Q1 2025 Premium Brands Holdings Corp Earnings Call
May 07, 2025 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen, and welcome to the Premium Brands Holdings Corporation, first quarter 2025 earnings conference call, question and answer session.

At this time, all lines are in listen-only mode.

If at any time during this call, you require immediate assistance, please press 0 for the operator.

This call is being recorded on Wednesday, May 7, 2025.

Our speakers will be George Palilogo, CEO and President of Premium Brands, and Will Kaludi, CFO of Premium Brands.

I would now like to turn the conference over to George Palioloko. Please go ahead.

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Unidentified_2

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