Premium Brands Holdings has lowered its forecast for annual adjusted EBITDA due to rising beef costs. The company expects adjusted EBITDA to reach C$670-680m in 2025, down from the previous guidance of C$680-700m. Despite this, full-year sales projections have increased to C$7.4-$7.5bn. Third-quarter revenue hit record highs, with adjusted EBITDA at C$179.1m and revenue at C$1.99bn, growing 19.1% year on year.

President and CEO George Paleologou attributed lower-than-expected margins to double-digit cost inflation for key beef raw materials. He is confident the issue is temporary and is implementing pricing actions to restore margins. Premium Brands is actively pursuing acquisitions to enhance growth. The company aims to deleverage its balance sheet while pursuing strategic transactions.

Premium Brands recently acquired Arizona-based sausage manufacturer Denmark Sausage for US$21m. In December, the company announced the acquisitions of NSP Quality Meats, Casa Di Bertacchi, and Italia Salami. Despite a third-quarter loss of C$1.7m, revenues for the first nine months of 2025 increased to C$5.58bn from C$4.83bn the previous year.

Read more at Yahoo Finance: Premium Brands Holdings trims earnings forecast on beef costs