Overview
Canada packaged meats maker's Q1 revenue rose 6.2%, slightly beating analyst expectations
Adjusted EBITDA for Q1 rose 5.7% to C$122 mln
Company cites improved efficiency and favourable poultry mix as drivers of higher earnings
Outlook
Company reiterates it is on track for 2026 outlook of mid-single-digit revenue growth
Result Drivers
POULTRY SALES GROWTH - Co said poultry sales rose 11.7% on improved channel mix, higher retail and foodservice volumes, and pricing, partly offset by increased trade promotion spending
OPERATING EFFICIENCY - Improved operating efficiency, including benefits from the Fuel for Growth program, contributed to higher gross profit
COST MANAGEMENT - Disciplined cost management supported earnings growth, per CEO Curtis Frank
Company press release: ID:nPn4Z1G3Ra
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
C$963 mln
C$956.96 mln (7 Analysts)
Q1 Adjusted EBITDA
C$122 mln
Q1 Adjusted EBITDA Margin
12.70%
Q1 Revenue Growth
6.20%
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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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.)