-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Q1 revenue from continuing operations rose 24.6% to CAD2.1B, with acquisitions contributing 70% of growth and organic volume adding 23%. Adjusted EPS increased 36.1% to CAD0.83 versus CAD0.70, while adjusted EBITDA grew 26.7% to CAD171.2M with margin expanding 10 basis points to 8.3%. Volume growth continues in the U.S. and EBITDA margins expanded despite highly inflationary conditions, while we believe PBH is beginning a capital recycling period to monetize ~CAD1B in non-core assets. Management maintained full-year guidance of CAD9.25B-CAD9.55B revenue and CAD870M-CAD910M adjusted EBITDA, reaffirming expectations to exceed 2027 targets of CAD10.0B revenue and CAD1.0B EBITDA. The company completed the Shaw Bakers divestiture for CAD160M in net proceeds. Consumer behavior is shifting from higher priced beef products, which remains a focal point worth monitoring. We believe executing the asset monetization strategy in an accretive manner provides meaningful upside potential to profitability.