Premium Brands Holdings Corporation (PBH) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone to our 2025 third quarter conference call. Thank you for joining us today. With me here is our CFO, Will Kaludich. Our presentation will follow the deck that was posted on our website this morning. We're now on slide three, which outlines key highlights for the quarter. We delivered industry-leading growth this quarter, driven by the momentum of our core growth initiatives in the U.S., which on a combined basis delivered organic volume growth of over 24%. Our growth is especially noteworthy in the context of the slowing revenue trends for most of our peers. As mentioned in my most recent letter to shareholders titled The Future of Food is in the Past, consumer tastes and lifestyles are changing fast, resulting in shifting purchasing patterns and changing consumer preferences. The investments we have been making in state-of-the-art capacity to produce the products consumers are demanding position us well to capitalize on this changing landscape. Since our founding in early 2000, we have been investing in three major consumer trends, increased protein consumption, premiumization, and convenience. As a result, we're uniquely positioned to offer our customers the healthy and nutritious protein-centric product solutions they're looking for, made in state-of-the-art facilities featuring industry-leading automation, technology, and food safety. We're very excited by what we see in terms of future demand for our products, driven by these major trends, and we believe that this elevated demand will continue to accelerate and gain even more momentum in the future. The third quarter was not without its challenges, and while very high chicken raw material costs subsided as expected, beef raw inputs reached record highs. In addition to the North American cattle he...