Premium Brands Holdings Corporation Reports Record First Quarter Sales, Adjusted Ebitda And Adjusted Earnings And Declares Second Quarter Dividend
Press Release
VANCOUVER, B.C., May 7, 2026 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 2026.
QUARTER HIGHLIGHTS
⦁ Record first quarter revenue of $2.1 billion representing a 24.6%, or $405.1 million, increase as compared to the first quarter of 2025
⦁ Solid progress on Specialty Foods’ core U.S. growth initiatives in protein, sandwiches and artisan baked goods, which for the quarter generated a combined organic volume growth rate of 9.9% despite delays in the timing of certain customer promotional events and new product launches
⦁ Specialty Foods’ U.S. sales growth, including acquisitions, of $363.9 million bringing its first quarter U.S. sales to $1.50 billion or 73.0% of its total sales for the quarter
⦁ Record first quarter adjusted EBITDA1 from continuing operations of $171.2 million (or $171.5 million including discontinued operations) representing a 26.7%, or $36.1 million, increase as compared to the first quarter of 2025
⦁ First quarter adjusted EPS1 of $0.83 per share representing an 18.6% or $0.13 per share, increase as compared to the first quarter of 2025
⦁ Declared a dividend of $0.85 per common share for the second quarter of 2026
⦁ Completed the acquisition of Stampede Culinary Partners
⦁ Subsequent to the quarter, completed the sale of the Company’s 74% interest in Shaw Bakers for US$116.9 million (approximately CA$160 million) consisting of US$106.9 million and a US$10 million 3-year promissory note bearing interest at 7% per annum
⦁ Pro-forma total debt to EBITDA ratio decreased to 3.9 : 1 after reflecting the Shaw Bakers transaction
⦁ Maintained 2026 sales and adjusted EBITDA1 guidance ranges
⦁ Affirmed that the Company expects to exceed its 5-year plan of 2027 sales and adjusted EBITDA targets of $10.0 billion and $1.0 billion, respectively
1The Company reports its financial results in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. 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 2026 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: 81433) 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, 2026 at (289) 819-1325 or (888) 660-6264 (passcode: 81433#). Alternatively, a recording of the conference call will be available on the Company’s website at www.premiumbrandsholdings.com.
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