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BRIEF-Premium Brands Holdings Corp Posts Q4 $0.43

Published 2020-03-12, 08:50 a/m
PBH
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March 12 (Reuters) - Premium Brands Holdings Corp PBH.TO :

* ORATION ANNOUNCES RECORD FOURTH QUARTER AND 2019 SALES AND ADJUSTED EBITDA, A 10% DIVIDEND INCREASE, THREE NEW BUSINESS INVESTMENTS AND GUIDANCE FOR 2020

* Q4 REVENUE C$959.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$936.8 MILLION

* SEES FY 2020 REVENUE UP 8.9 TO 11.7 PERCENT

* SEES FY 2020 REVENUE C$3.975 BILLION TO C$4.075 BILLION

* PREMIUM BRANDS HOLDINGS - IN TERMS OF BROADER CHALLENGES DUE TO COVID-19, CO INCORPORATED IN 2020 OUTLOOK IMPACT OF WHAT IT IS CURRENTLY EXPERIENCING

* PREMIUM BRANDS - CURRENTLY EXPERIENCING REDUCED SEAFOOD SALES TO CHINA AND CERTAIN ASIAN BASED RESTAURANTS IN GREATER TORONTO AREA

* PREMIUM BRANDS HOLDINGS QTRLY ADJUSTED EPS OF $0.79

* PREMIUM BRANDS HOLDINGS - HAS INCORPORATED INTO 2020 OUTLOOK IMPACT OF WHAT IT IS CURRENTLY EXPERIENCING

* REMAIN CONFIDENT IN MEETING OR EXCEEDING GOAL OF $6 BILLION IN SALES AND $600 MILLION IN EBITDA BY 2023

* PREMIUM BRANDS HOLDINGS QTRLY EPS OF $0.43

* Q4 EARNINGS PER SHARE VIEW C$0.75 -- REFINITIV IBES DATA

* PREMIUM BRANDS HOLDINGS - SUBSEQUENT TO QUARTER, CO INCREASED ITS QUARTERLY DIVIDEND BY 10.0% TO $0.5775 PER SHARE

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