Canada's Jamieson Wellness Q2 revenue beats; set to be acquired by Kirin Holdings

Jamieson Wellness

06/08/2026 22:20

Overview
Canada vitamins and supplements maker's Q2 revenue rose 17%, beating analyst expectations
Adjusted diluted EPS for Q2 beat analyst expectations
Company to be acquired by Kirin Holdings; withdraws 2026 guidance due to pending deal

Outlook
Jamieson Wellness withdraws fiscal 2026 financial guidance due to pending acquisition by Kirin Holdings
Company cites uncertainty around transaction timing and integration costs for guidance withdrawal

Result Drivers
CHINA PROMOTIONS - Co said successful 6/18 campaign and digital platform growth drove revenue gains in China
PRODUCT INNOVATION - Co cited new products, especially in sleep and stress categories, as supporting growth in Canada
DIGITAL COMMERCE - Co said digital commerce and flagship programs at key retailers fueled U.S. revenue growth

Company press release: ID:nCNWnldCwa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$233.84 mln
C$223.03 mln (4 Analysts)
Q2 Adjusted EPS
Beat
C$0.46
C$0.41 (4 Analysts)
Q2 Adjusted Net Income
 
C$19.92 mln
 
Q2 Adjusted EBITDA
 
C$39.43 mln
 
Q2 Gross Margin
 
41.6%
 
Q2 Gross Profit
 
C$97.39 mln
 
Q2 Operating Margin
 
12.7%
 
Q2 Pretax Profit
 
C$25.45 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$45.00, about 8.4% above its August 5 closing price of C$41.50
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

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(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.)