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Analysis

Premium Brands blames continued lobster harvest problems for yet another disappointing quarter

Premium says decreases in the lobster catch in both Atlantic Canada and the US state of Maine were partly to blame for a sales volume contraction of CAD 34.8m in Q4

By Jason Huffman | March 15, 2024 16:51 GMT
Lobster traps stacked on a vessel in preparation of setting day in Canada's largest lobster fishery, LFA 34. Photograph courtesy of Coldwater Lobster Association.
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A North American lobster supply shortage caused by disappointing harvests in both the US and Canada is being blamed by Premium Brands Holdings for yet another less-than-stellar quarter [...]

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