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Bad Maine lobster harvest costs Premium Brands CAD 30m in Q3

'A 20% decrease in the catch is an enormous number. It will certainly carry forward into Q4. We're hoping it won't be as dramatic' -- George Paleologou, Premium Brands

By Jason Huffman | Nov. 15, 2023 13:07 GMT
A bin of North American lobsters in Stonington, Maine. Photograph by Jason Huffman
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Premium Brands Holdings saw a CAD 30 million ($21.9m) drop in lobster sales during the third quarter of 2023 due to weather-related harvesting difficulties, said George Paleologou, the company's president and CEO, in a call with investment analysts on Tuesday (Nov. 14). [...]

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