Brief: High Liner Foods posts Q4 adj EPS of $0.26

High Liner Foods

17/02/2016 16:55

Feb 17 (Reuters) - High Liner Foods Inc  HLF.TO : 
 * Reports operating results for the fourth quarter and full-year of 2015 
 * Says it will cease value-added fish operations at its production facility in 
   new Bedford, Massachusetts 
 * Qtrly adjusted diluted EPS $0.26 
 * Qtrly sales as reported was $224.9 million compared to $266.9 million 
 * Qtrly diluted EPS $0.23 
 * Q4 earnings per share view C$0.28 -- Thomson Reuters I/B/E/S 
 * Do not expect to see volume growth on a year-over-year comparative basis 
   until after the first quarter 
 * Previous raw material cost increases, weaker Canadian dollar, continued to 
   have negative impact on YOY financial performance 
 * Do not expect to see volume growth until after Q1 due in part to shortened 
   promotional period associated with lent in 2016 versus 2015 
 
 * Source text for Eikon  ID:nCNWk42F2a  
 * Further company coverage  HLF.TO  
 
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