Premium Brands Holdings Corp

Latest Results (09.10.2025):

Premium Brands Holdings Corp reported its financial results for the fourth quarter and full year of 2023, showcasing record revenues and adjusted EBITDA for the year despite challenges such as an extra sales week in the previous year and higher interest costs impacting earnings per share. The company also announced a significant dividend increase, reflecting its commitment to rewarding shareholders.

Full Year 2023 Performance

For the fiscal year ended December 30, 2023, Premium Brands Holdings Corp achieved record revenue of $6.3 billion, marking a 3.8% increase compared to 2022. Adjusted EBITDA reached $559.1 million, a 10.9% rise. The adjusted EBITDA margin improved to 8.9%, up from 8.4% the previous year. However, adjusted earnings per share decreased by 16.4% to $4.03 due to higher interest expenses.

Fourth Quarter 2023 Highlights

In the fourth quarter of 2023, the company reported revenue of $1.55 billion, a slight decrease of 4.9% compared to the same period in 2022. When normalized for the extra week in 2022, revenue saw a marginal increase of $1.4 million. Adjusted EBITDA reached a record $137.2 million, up by 0.6% from the previous year, and the adjusted EBITDA margin rose to 8.8%. Adjusted earnings per share fell by 28.6% to $0.85, primarily due to increased interest costs.

Dividend Increase

Premium Brands Holdings Corp declared a dividend of $0.85 per share for the first quarter of 2024, representing a 10.4% increase from the previous quarter’s dividend rate. This marks the tenth consecutive year of dividend increases, underscoring the company’s dedication to shareholder returns.

2024 Guidance

The company provided revenue guidance for 2024 in the range of $6.65 billion to $6.85 billion and expects adjusted EBITDA between $630 million and $650 million, excluding potential acquisitions. Premium Brands remains optimistic about its growth initiatives and plans for new capacity in the U.S. market to accelerate growth in the coming years.