Premium Brands posted record third-quarter sales and adjusted EBITDA, but adjusted EPS of C$1.38 fell 7.4% short of the C$1.49 estimate.
Premium Brands Holdings Corporation (TSX: PBH) reported its third-quarter 2026 results after markets closed on November 5. Adjusted EPS was C$1.38, below the C$1.49 estimate. Revenue and adjusted EBITDA reached records, and the company generated more cash and reduced leverage. But softer foodservice demand and delayed cost savings at Stampede Culinary Partners weighed on results.
Recent earnings trend
Premium Brands Holdings Corporation
PBH.TO
PBH.TO
Premium Brands Holdings Corporation
WealthAwesomeMarket cap
$4.00B
P/E
52.4x
Div. yield
4.55%
Div. / share
$3.40
52W high
$103.39
52W low
$69.10
1W change
+5.55%
Beta
0.87
Analyst Price Targets
Based on analyst covering PBH · as of Nov 9, 2026
Wall Street analysts forecast PBH stock price to rise 39.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$107.33
+39.4% Upside
Previously C$108.92 on Nov 3, 2026
Current Price
C$76.97
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PBH's historical volatility
30-Day Vol
18.4%
Annualized
90-Day Vol
32.2%
Annualized
Trend (90d)
-28.2%
Annualized drift
90d Mean
C$69.59
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$74.43 | C$69.86 – C$79.30 |
| 60 trading days | C$71.97 | C$65.80 – C$78.72 |
| 90 trading days | C$69.59 | C$62.36 – C$77.67 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 10 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-03-18 | — | 1.5300 | — |
| 2026-09-30 | 2026-11-05 | 1.3800 | 1.4900 | -7.4% |
| 2026-06-30 | 2026-08-06 | 1.5300 | 1.5600 | -1.9% |
| 2026-03-31 | 2026-05-07 | 0.8300 | 0.7100 | +16.9% |
| 2025-12-31 | 2026-03-19 | 1.2900 | 1.2800 | +0.8% |
| 2025-09-30 | 2025-11-10 | 1.2700 | 1.4000 | -9.3% |
Investor takeaway: PBH.TO paired an earnings miss with record sales and EBITDA, along with stronger cash generation. Investors will be watching whether new customer wins and Stampede’s procurement savings can support growth as the company continues to reduce debt. The next-quarter EPS consensus is C$1.88, based on estimates from 10 analysts. That forecast is not guaranteed.
C$1.38 adjusted EPS, versus C$1.49 expected
Adjusted EPS rose 7.8% from C$1.28 a year earlier, but still missed the estimate by 7.4%. Revenue increased 22% to C$2.38 billion, and adjusted EBITDA reached C$213.0 million. Record growth came alongside cost pressures, weaker foodservice demand and delayed savings.
Bull case
Revenue from continuing operations rose 22% year over year to C$2.38 billion, while adjusted EBITDA climbed 21.6% to a record C$213.0 million. Net free cash flow reached C$195.5 million, and the debt-to-EBITDA ratio dropped to 3.6 times from 4.3 times at the start of the year. Management also expects nearly C$170 million in new business to launch over the next two quarters.
Bear case
Adjusted EPS missed estimates, and its growth was modest compared with the gains in sales and EBITDA. Stampede fell C$19.6 million short of planned sales and C$12 million short of adjusted EBITDA, as foodservice demand weakened and savings on imported beef were delayed. U.S. organic volume growth also slowed. Declines in custom culinary solutions offset stronger results from protein initiatives.
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