Canadian food company Lassonde's Q2 sales beat expectations, helped by price adjustments

Lassonde Industries

07/08/2025 22:18

Overview

Lassonde Q2 sales rise 19%, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 down 4.5% yr/yr, reflecting market dynamics

Co focuses on strategic initiatives for growth in North American market

Outlook

Lassonde expects 2025 sales growth slightly above 10%

Lassonde plans 2025 capital expenditures up to 7% of sales

Company expects 2025 effective tax rate of about 24.5%

Result Drivers

CANADIAN SALES - Increased sales volume in Canada driven by 'Buy Canadian' sentiment

PRICE ADJUSTMENTS - Favorable selling price adjustments contributed to sales growth

U.S. MARKET DYNAMICS - U.S. private label market shifts impacted momentum, but co focuses on volume build-back initiatives

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
C$742.40 mln
C$716.90 mln (3 Analysts)
Q2 Adjusted EPS
C$5.47
Q2 EPS
C$5.03
Q2 Adjusted EBITDA
C$84.40 mln
Q2 EBITDA
C$82.40 mln
Q2 Gross Profit
C$195.70 mln
Q2 Operating Income
C$54.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 Lassonde Industries Inc is C$252.50, about 13% above its August 6 closing price of C$219.80

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX7zC0Y8

(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.)