Canada Packers Q2 profit misses on lower pork cutout

Canada Packers

05/08/2026 11:48

Overview
Canada pork producer's Q2 revenue fell 8.8% yr/yr, missing analyst expectations
Adjusted EPS for Q2 missed analyst expectations
Revenue decline driven by lower pork cutout values, weaker yen, and loss of ham boning ops

Outlook
Company did not provide specific guidance for upcoming quarters or full-year results

Result Drivers
LOWER PORK CUTOUT - Co said lower pork cutout values were a primary driver of revenue and profit decline
WEAKER YEN - Unfavourable foreign exchange rates, mainly due to weaker Japanese yen, hurt sales and gross profit
HAM BONING REMOVAL - Loss of ham boning operations following spin-off reduced sales and profitability

Company press release: ID:nCNW7nrMma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
C$431.70 mln
C$449.80 mln (4 Analysts)
Q2 Adjusted EPS
Miss
C$0.34
C$0.45 (4 Analysts)
Q2 Adjusted EBITDA
 
C$34.90 mln
 
Q2 Adjusted EBIT
 
C$21.50 mln
 
Q2 Gross Loss
 
C$6.20 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 Canada Packers Inc is C$22.00, about 14.9% above its August 4 closing price of C$19.15

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Aug 4 - Food distributor Sysco forecasts strong annual results on resilient demand

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.)