Premium Brands Holdings Corporation Reports Record Second Quarter Sales And Adjusted Ebitda, Declares Third Quarter Dividend And Announces Completion Of Tennessee Sandwich Plant Sale And Leaseback
Press Release
VANCOUVER, B.C., August 6, 2025. Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, announced today its results for the second quarter of 2025.
QUARTER HIGHLIGHTS
⦁ Record second quarter revenue of $1.9 billion representing a 12.5%, or $212.2 million, increase as compared to the second quarter of 2024
⦁ Solid progress on Specialty Foods’ core U.S. growth initiatives in protein and artisan baked goods, which for the quarter generated organic volume growth rates of 15.0% and 98.1%, respectively. Specialty Foods’ U.S. year-over-year growth rate for sandwich products was impacted by channel fill sales associated with a major new product launch in the second quarter of 2024
⦁ Including acquisitions, Specialty Foods’ total U.S. sales, which represented 64.3% of its second quarter sales, grew by $140.5 million to $843.7 million
⦁ Record second quarter adjusted EBITDA1 of $177.1 million representing a 7.6%, or $12.5 million, increase as compared to the second quarter of 2024, despite significant protein cost inflation challenges
⦁ Second quarter adjusted EPS1 of $1.33 per share representing a 3.9%, or $0.05 per share, increase as compared to the second quarter of 2024
⦁ Reaffirmed 2025 sales and adjusted EBITDA1 guidance ranges of $7.2 billion to $7.4 billion, and $680 million to $700 million, respectively
⦁ Declared a dividend of $0.85 per common share for the third quarter of 2025
⦁ Generated US$166.0 million from the sale and leaseback of the real estate associated with the Company’s recently completed 352,000 square foot sandwich plant in Cleveland, TN
⦁ Repaid a $172.5 million convertible debenture that matured on April 30, 2025
⦁ Progress on debt deleveraging with the Company’s total debt-to-EBITDA ratio declining to 4.2:1 from 4.6:1 in the first quarter of 2025
⦁ Posted the 2025 CEO Letter to Shareholders titled “The Future of Food is in the Past” at www.premiumbrandsholdings.com
⦁ The Company reports its financial results in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS Accounting Standards). 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 second quarter 2025 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: 07291) 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 September 6, 2025 at (289) 819-1325 or (888) 660-6264 (passcode: 07291#). Alternatively, a recording of the conference call will be available on the Company’s website at www.premiumbrandsholdings.com.
IBF4
