Earnings
August 24, 2019 - CM
New! CIBC - Q3-2018 Earnings & Price Target Forecast .....
August 22, 2019 - NXR.UN
Nexus REIT - Q2-2019 Earnings, Price Target Update .....
August 22, 2019 - RY
Royal Bank of Canada Q3-2019 Earnings, Price Target Update .....
August 21, 2019 - FSZ
Fiera Capital Corp. - Q2-2019 Earnings, Price Target .....
August 18, 2019 - NVU.UN
Northview Apartment REIT - Q2-2019 Earnings, Price Target Update .....
August 17, 2019 - FTS
Fortis Inc Q2-2019 Earnings, Price Target Update .....
August 16, 2019 - SPB
Superior Plus Corp. Q2-2019 Earnings & Price Target Update .....
August 15, 2019 - IPL
Inter Pipeline Ltd - Q2-2019 Earnings - Price Target Update .....
Recommendation Changes
CM, BRE, EIF, GEI, PKI, more...

Premium Brands Holding Corp. 2018 Earnings & Price Target Update

This is only a sample of the article, please login to view the entire article

Premium Brands owns a broad range of branded specialty food processing, food wholesaling and food distribution businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, Nevada, Ohio, Arizona, Minnesota, Mississippi, California and Washington State. Revenues are reported in two segments; Specialty Foods comprise 60% of revenues and 65% of gross profit and Premium Foods contributes 40% of revenues and 35% of gross profits. Approximately 70% of sales are from Canada and 30% from the US. The Specialty Foods segment's sales are to: (i) retailers, including delicatessens, small specialty grocery chains, convenience stores, gas bars, large national and regional grocery chains and warehouse clubs; and (ii) caf├ęs selling convenience type grab-and-go foods such as fresh pre-made sandwiches, wraps and pastries. Acquisitions for the 2018 of $753M compared to $243M for 2017. A total of 12 companies were acquired in 2018. Total assets increased to $2.45B at Dec-31-2018 compared to $1.5B as at Dec-31-2017. Revenues peak in the spring and summer months due to favourable weather conditions and decline in the fourth quarter due to a return to poorer weather conditions.

FINANCIAL

AFFO for 2018 was $164.6M(5.08 per share) compared to $121.3(4.40 per share) for 2017. Dividends were increased from $1.90 to $1.68, and increase of 13.1% compared to AFFO per share increase of 7.9%.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
August 23, 2019
New! Coverage Universe - Weekly Price Change Aug 16 - Aug 23, 2019
August 17, 2019
Coverage Universe - Weekly Price Change Aug 9 - Aug 16, 2019
August 9, 2019
Coverage Universe - Weekly Price Change Aug 2 - Aug 9, 2019
August 3, 2019
Coverage Universe - Weekly Price Change July 26 - Aug 2, 2019
July 26, 2019
Coverage Universe - Weekly Price Change July 19-26, 2019
July 22, 2019
Firm Capital Amercian Reallty Partners Corp- 6.25% Convertible Debenture New Issue
July 19, 2019
Coverage Universe - Weekly Price Change July 12-19, 2019
July 12, 2019
Coverage Universe - Weekly Price Change July 5-12, 2019