Premium Brands posts record Q3 revenue, lifts 2025 forecast
Beef cost inflation pressures margins despite strong sales
11 November 2025
1 minute read
By: Premium Brands Holdings Corp reported record third-quarter revenue of C$2 billion, surpassing analyst expectations of C$1.9 billion. However, adjusted earnings per share came in below forecasts at C$1.27. The company achieved a record adjusted EBITDA of C$179.1 million despite ongoing beef cost inflation.
The company raised its 2025 sales guidance to between C$7.4 billion and C$7.5 billion but lowered its adjusted EBITDA forecast to between C$670 million and C$680 million. Premium Brands said rising beef prices are expected to weigh on fourth-quarter margins.
The Specialty Foods segment delivered 24.3% organic volume growth in the US, led by protein, sandwiches, and artisan baked goods. The company also completed the largest new product launch in its history, which it expects will support future growth.
Despite cost pressures, CEO management noted that strong organic growth and diversified operations continue to underpin performance.
Analysts currently rate the stock as a “buy,” with nine buy recommendations, two holds, and one sell. The median 12-month price target is C$108.50, about 14% above the November 7 closing price of C$93.04. Premium Brands’ stock trades at 15 times expected earnings over the next 12 months, unchanged from three months ago.
