Canada's most authoritative and exciting grocery b2b publication
Industry NewsPremium Brands posts record Q1 results, declares Q2 dividend

Premium Brands posts record Q1 results, declares Q2 dividend

Premium Brands Holdings Corporation, a Canadian producer, marketer and distributor of branded specialty food products, has announced its results for the first quarter of 2023 including record first quarter revenue of $1.43 billion representing a 14.3 per cent, or $179.3 million, increase as compared to the first quarter of 2022.

The company also declared a dividend of $0.77 per common share for the second quarter of 2023.

“As we emerge from the challenges of the past several years, we continue to gain momentum posting another quarter of record sales and adjusted EBITDA. Looking forward, we expect the steady improvement in our performance to accelerate through the year as many of our businesses have recently completed or are near completing major capacity expansions that will support a variety of new product launches as well as expansion into additional markets and channels,” said George Paleologou, president and CEO.

Follow us:









Recent Issues

Related Articles