Premium Brands Holdings (TSE:PBH) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.70b (up 4.4% from 2Q 2023).

• Net income: CA$52.5m (up 55% from 2Q 2023).

• Profit margin: 3.1% (up from 2.1% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: CA$1.18 (up from CA$0.76 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Premium Brands Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.3%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Canada.

Performance of the Canadian Food industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Premium Brands Holdings that you should be aware of.

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