Premium Brands Holdings Posts Record Q1 Results Despite Clearwater Seafoods Challenges

Premium Brands Holdings Corporation reported record first-quarter revenue of $2.1 billion, up 24.6% year-over-year, though its Clearwater Seafoods investment continued to face headwinds from asset divestitures and lower scallop catch rates.
The Vancouver-based specialty food company posted adjusted EBITDA of $171.2 million, a 26.7% increase, and adjusted earnings per share of $0.83, up 18.6% from the prior year. Premium Brands maintained its 2026 guidance ranges and reaffirmed its expectation to exceed its five-year sales targets of $10 billion...
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