12:39 PM EST, 02/28/2025 (MT Newswires) -- High Liner Foods ( HLNFF ) reported a fourth-quarter beat and introduced its 2025E outlook for year-over-year volume and EBITDA growth, notes BMO.

EBITDA increased 9% as gross margin expansion outweighed revenue decline and higher SG&A. Consumer pressures also weighed on demand in foodservice while retail volume growth inflected positively for the first time since 2023.

"High Liner's diversified business model positions the company to drive growth in a challenging macro environment," BMO said.

Maintain Market Perform rating. Target raised to $19.

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