Canada's Rogers Sugar Q3 revenue falls, misses estimates

Rogers Sugar

06/08/2026 12:24

Overview
Canada sugar and maple products maker's Q3 revenue declined and missed analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company advanced LEAP Project commissioning and secured new labour agreements in Montréal and Taber

Outlook
Rogers Sugar raises 2026 sugar sales volume forecast to 745,000 metric tonnes
Company expects Maple segment results to decrease in 2026 due to lower demand and higher costs
Rogers Sugar anticipates spending about C$103 mln on the LEAP Project in fiscal 2026

Result Drivers
LOWER SUGAR VOLUME AND PRICES - Co said Q3 sugar revenue declined due to lower average raw sugar prices and a 2% decrease in sales volume, mainly from reduced liquid segment demand and loss of a large customer
NON-RECURRING PENSION CHARGE AND HIGHER COSTS - Co said sugar segment adjusted EBITDA declined due to a C$2.9 mln non-recurring pension charge from the new Montréal labour agreement and higher production and distribution costs
MAPLE SEGMENT WEAKNESS - Co said maple segment revenue and gross margin fell due to lower global demand and higher production costs

Company press release: ID:nGNX2YLDk0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
C$293.70 mln
C$298.93 mln (3 Analysts)
Q3 Adjusted EPS
Beat
C$0.13
C$0.12 (4 Analysts)
Q3 Adjusted Net Income
 
C$16.32 mln
 
Q3 Net Income
 
C$12.06 mln
 
Q3 Adjusted EBITDA
 
C$35.57 mln
 
Q3 EBITDA
 
C$29.77 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "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 Rogers Sugar Inc is C$7.00, about 1.7% above its August 5 closing price of C$6.88
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 6 - Canada's Premium Brands Holdings Q2 revenue up 26%, slightly beats estimates
Aug 5 - Canada Packers Q2 profit misses on lower pork cutout
Aug 5 - India sugar prices hit record high on tight supplies, festival demand

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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.)