Canada Packers Q3 revenue falls 13%, slightly misses estimates

Canada Packers

28/10/2026 10:47

Overview
Canada pork producer's Q3 revenue fell 12.7% yr/yr, slightly missing analyst expectations
Adjusted EPS declined sharply yr/yr and missed analyst expectations
Company cites industry-wide margin compression and weaker pork prices as reasons for declines

Outlook
Company expects current challenging market conditions are temporary
Canada Packers anticipates earnings potential will improve as pork markets normalize

Result Drivers
LOWER PORK PRICES AND FX - Co said sales fell mainly due to lower pork cutout values, lack of seasonal price lift, and weaker Japanese yen
INDUSTRY PRESSURE - Co said industry-wide compression in packer and vertically integrated spreads, unfavourable foreign exchange rates and the removal of ham boning impacted gross profit
HIGHER PUBLIC COMPANY COSTS - SG&A expenses rose due to costs from operating as a standalone public entity

Company press release: ID:nCNW8qsrRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
C$420.70 mln
C$420.85 mln (4 Analysts)
Q3 Adjusted EPS
Miss
C$0.23
C$0.36 (4 Analysts)
Q3 Adjusted EBITDA
 
C$31.50 mln
 
Q3 Adjusted EBIT
 
C$17.60 mln
 
Q3 Gross Loss
 
C$7.10 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 Canada Packers Inc is C$17.50, about 22.3% above its October 27 closing price of C$14.31

Reuters Recommended Reads
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)