Review of Premium Brands Holdings Corporation

MAR 26, 2024 - The company has been making investments in the US, and management sees this as a major growth driver for the company. If the weakness in Canada persists, PBH has strategies to redirect capacity to the US market. It trades at a slight premium valuation relative to peers, and given the recent and expected weakness in sales, we are downgrading our rating by one notch to a ‘B’.