Overview

* Lassonde Q3 sales grow 8.3% yr/yr but slightly miss analyst expectations

* Adjusted EPS for Q3 rises 28.9% yr/yr, reflecting strong operational performance

* Company's performance driven by favorable pricing and Canadian private label sales shift

Outlook

* Lassonde expects 2025 sales growth slightly above 10%

* Commodity costs expected to remain volatile in Q4 2025

* Capital expenditures for 2025 estimated at up to 7% of sales

Result Drivers

* PRICING AND SALES MIX - Co attributes sales growth to favorable pricing adjustments and a shift in Canadian private label sales

* COST MANAGEMENT - Operating profit increased due to reduced transportation costs and lower performance-related compensation expenses

* INPUT COSTS - Higher costs for certain inputs, including orange, pineapple, and apple concentrates, impacted gross profit

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Slight C$723.90 C$726.70

Miss* mln mln (2

Analysts

)

Q3 C$5.84

Adjusted

EPS

Q3 EPS C$5.40

Q3 C$86.40

Adjusted mln

EBITDA

Q3 C$85.50

EBITDA mln

Q3 Gross C$197.60

Profit mln

Q3 C$57.90

Operatin mln

g Income

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the food processing peer group is "buy"

* Wall Street's median 12-month price target for Lassonde Industries Inc ( LSDAF ) is C$255.00, about 16.9% above its November 5 closing price of C$212.00

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)