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On Monday, Raymond (NSE:RYMD) James reaffirmed its positive stance on Premium Brands Holdings Corp . (TSX:PBH:CN) (OTC: PRBZF), with analyst Michael Glen maintaining an Outperform rating and a Cdn$100.00 price target. The company’s fourth-quarter results and the 2025 outlook were key factors in the analyst’s assessment. Premium Brands’ guidance for 2025 forecasts revenues between $7.2 billion and $7.4 billion, surpassing the consensus estimate of $7.1 billion. Additionally, the company’s projected adjusted EBITDA of $680 million to $700 million also slightly exceeds the consensus figure of $679.4 million.
The guidance provided by Premium Brands indicates a strong trajectory, particularly due to the U.S.-focused sales initiatives in its Specialty Food segment. Currently, the Protein segment is leading the company’s performance, with expectations for the Sandwich segment to gain momentum in the medium term. Throughout the year, the company plans to launch new products in protein, sandwich, and bakery categories.
Investors are expected to pay close attention to the second half of the year as the large Tennessee sandwich facility progresses. Management has announced that the facility is slated for completion by late June, with a 12-month period anticipated for ramping up volumes thereafter.
The company’s strategic focus and positive guidance reflect the management’s confidence in Premium Brands’ growth prospects. With the U.S. market playing a significant role in the company’s sales initiatives, the Specialty Food segment is poised to contribute significantly to the overall positive momentum. The anticipated completion and subsequent ramp-up of the Tennessee sandwich facility are also expected to be key drivers of growth for Premium Brands in the coming months.
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