04:42 PM EST, 02/27/2025 (MT Newswires) -- Jamieson Wellness ( JWLLF ) after trade Thursday reported higher earnings and higher revenues for the fourth quarter, and although it missed forecasts on both measures on this occasion, it flagged further growth for fiscal 2025, depending on what happens in terms of a likely trade war between Canada and the United States.

The supplements manufacturer said adjusted earnings, excluding most one-time items rose 21% to $34.6 million, or $0.80 per share, up from $28.62 million, or $0.67, in the prior year, but under the FactSet consensus estimate of $0.86 per share.

Net earnings, including items, rose to $36.12 million, or $0.84, from $24 million, or $0.56.

Revenue rose 11% to $244.8 million from $220.365 million a year ago, driven by 12% growth in Jamieson Brands and 7.1% growth in Strategic Partners. It missed the FactSet forecast of $253.2 million

Chief executive Mike Pilato said, "Our strategic execution and brand strength drove market share gains across all key markets, delivering 14% branded revenue growth. Importantly, this performance translated into substantial cash generation, with record cash flows and EBITDA margins exceeding our expectations."

In its Fiscal 2025 outlook, Jamieson said following 2024 investments in digital and traditional marketing, it realized strong growth in China and within its 'youtheory' brand. Both brands gained market share globally as consumption growth outpaced reported record shipment growth. In 2025, the company remains focused on brand contribution while driving operating efficiency at the gross margin level and continuing to grow its investments in the Jamieson and youtheory brands across primary geographies, driving long-term brand equity, awareness, consumer consumption and ultimately share growth.

For FY25 the company expects consolidated revenue of between $800 million and $840 million, representing growth of 9.0% to 14.5%. It also flagged Adjusted EBITDA of between $157.0 million and $163.0 million, or growth of 11.0% to 15.5%; and Adjusted EBITDA margins to range from 19.0% to 19.5%; and Adjusted diluted EPS of $1.82 to $1.93, or growth of 13.0% to 20.0%.

JWEL said 2025 guidance does not consider any potential impact of tariffs imposed on trade between Canada and the United States. "As such," it added, "actual results may differ from those expressed or implied in this guidance due to unforeseen changes in trade policies and economic conditions.:

The company's shares closed down $0.83 to $31.33 on on the Toronto Stock Exchange.