Overview
Jamieson Wellness Q2 revenue rises 7.7%, beating analyst expectations, per LSEG data
Adjusted EPS for Q2 beats consensus
Co announces 9.5% increase in quarterly dividend, indicating confidence in future prospects
Outlook
Jamieson Wellness sees 2025 revenue between C$800 mln and C$840 mln
Company expects adjusted EBITDA to range from C$157 mln to C$163 mln
Jamieson Brands China revenue forecasted to grow 30% to 40%
Strategic Partners segment revenue expected between C$105 mln and C$116 mln
Result Drivers
BRANDED REVENUE GROWTH - Nearly 14% growth in branded revenue driven by global demand and strategic execution, per CEO Mike Pilato
CHINA PROMOTION - 6/18 campaign in China achieved 73% growth over prior year, fueled by brand awareness and influencer programs
INNOVATION AND PARTNERSHIPS - New product launches and e-commerce partnerships boosted youtheory and international market performance
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$199.11 mln
C$196.50 mln (5 Analysts)
Q2 Adjusted EPS
Beat
C$0.4
C$0.36 (3 Analysts)
Q2 Adjusted Net Income
C$17.27 mln
Q2 Adjusted EBITDA
C$35.10 mln
Q2 Gross Margin
40.6%
Q2 Gross Profit
C$80.81 mln
Q2 Operating Margin
11.7%
Q2 Pretax Profit
C$19.21 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "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 Jamieson Wellness Inc is C$42.00, about 17.3% above its August 6 closing price of C$34.73
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nBw7Sgp5wa
(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.)