EarningsQ2 2026 Earnings Report
MX:PBHN Q2 2026 EPS Results
Actual EPS$19.79
Consensus EPS$19.94
Beat/MissMissed by -$0.16
One Year Ago EPS$17.20
MX:PBHN Q2 2026 Revenue Results
Actual Revenue$30.73B
Expected Revenue$30.76B
Beat/MissMissed by -$29.75M
YoY Revenue Growth+24.06%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:PBHN Upcoming Earnings
Premium Brands's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial inflection: strong top-line growth (+26.3%), robust organic volume expansion (10.7% specialty, 25% U.S. protein), an 83.2% surge in meat sticks, materially higher adjusted EBITDA (+29.5%), and the first positive net free cash flow ($68M) after years of negative cash flow. These gains are tempered by near-term headwinds — guidance revisions, timing delays for launches and promotions, a $53.1M shutdown loss and ongoing costs tied to new capacity — but management presented a clear path to leverage new capacity, improve margins, and reduce leverage, supporting an overall constructive outlook.Company Guidance
Record Quarterly Revenue
Total sales from continuing operations of $2.4 billion for the quarter, up $495 million or 26.3% vs. Q2 2025.
Specialty Foods U.S. Sales Expansion
Specialty Foods total U.S. sales grew by $432.2 million to $1.2 billion, representing 71.2% of Q2 sales (vs. 63.5% in Q2 2025).
Strong Organic Volume Growth
Specialty Food Group U.S. growth initiatives delivered 10.7% organic volume growth for the quarter; U.S. Protein initiatives delivered ~25% organic volume growth.
Outstanding Meat Stick Performance
Meat stick business grew 83.2% in the quarter; launched a premium Italia meat stick line (new SKU/innovation at Yorkton facility).
Improved Profitability (Adjusted EBITDA and EPS)
Adjusted EBITDA of $225 million, up $51.2 million or 29.5% vs. prior year. Adjusted earnings $79.6 million (+37.2%) and adjusted EPS $1.53 (+17.7%).
Positive Net Free Cash Flow Inflection
Generated $68 million in net free cash flow in the quarter — the first positive net free cash flow after four years of negative results, with expectations of acceleration in H2 2026.
Balance Sheet and Capital Efficiency Progress
Debt-to-EBITDA improved to 3.8:1 from 4.3:1 at end of 2025; management targeting total debt-to-EBITDA of 3:1 by early to mid-2027. Only $41.6 million left to spend to complete the $1.1 billion investment plan (which created >$2 billion of new sales capacity).
Declining Startup/Restructuring Costs and CapEx Normalization
Startup and restructuring costs dropped dramatically as capacity reaches base operating parameters; quarterly CapEx of $59 million with project CapEx peaking in 2023-24 and trending down.
MX:PBHN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed