High Liner Foods Q3 adjusted EPS misses estimates hurt by macroeconomic factors

High Liner Foods

05/11/2025 22:15

Overview

High Liner Q3 sales rose 8.6%, slightly beating analyst expectations

Adjusted EPS for Q3 missed analyst expectations

Adjusted EBITDA fell 29.3% due to tariffs and reduced foodservice traffic

Outlook

Company no longer expects year-over-year Adjusted EBITDA growth for 2025

High Liner Foods confident in long-term success despite macro challenges

Company focuses on pricing, efficiencies, and innovation for future growth

Result Drivers

MACROECONOMIC PRESSURES - Tariffs and reduced foodservice traffic led to decreased margins and volumes, per CEO Paul Jewer

PRICING AND COST MANAGEMENT - Co is implementing pricing adjustments and disciplined cost management to offset short-term pressures

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
$248.62 mln
$247.2 mln (4 Analysts)
Q3 Adjusted EPS
Miss
$0.14
$0.29 (4 Analysts)
Q3 EPS
$0.16
Q3 Adjusted Net Income
$4.07 mln
Q3 Net Income
$4.77 mln
Q3 Adjusted EBITDA
$15.23 mln
Q3 Gross Profit
$46.28 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 4 "strong buy" or "buy", 1 "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$20.50, about 17.5% above its November 4 closing price of C$16.92

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nCNWPG1Pka

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)