Highliner Foods' Q2 adjusted EPS misses estimates
Overview
Highliner Foods Q2 sales rise 9.8%, meeting analyst expectations
Adjusted EPS for Q2 misses estimates, coming in at $0.38
Net income declines 56% due to higher finance costs and acquisition expenses
Outlook
Highliner Foods expects tariffs to continue impacting operations in H2 2025
Company pursuing strategies to support volume growth and preserve margins
Highliner Foods anticipates long-term growth from Conagra Brands acquisition
Result Drivers
SALES VOLUME - Increased by 6.0% due to higher demand in retail and foodservice sectors, supported by later Lent
BRAND INTEGRATION - Integration of Mrs. Pauls and Van de Kamps brands expected to expand U.S. market presence
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | In-line | $239.61 mln | $239.60 mln (4 Analysts) |
Q2 Adjusted EPS | Miss | $0.38 | $0.41 (4 Analysts) |
Q2 EPS |
| $0.28 |
|
Q2 Adjusted Net Income |
| $11.50 mln |
|
Q2 Net Income |
| $8.47 mln |
|
Q2 Adjusted EBITDA |
| $25.08 mln |
|
Q2 Gross Profit |
| $53.32 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for High Liner Foods Inc is C$21.00, about 18.8% above its August 6 closing price of C$17.05
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nCNWXkXhka
