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Analysis

Analyst cuts High Liner US sales forecast on lost business, competitive market

Analyst cut his US sales projections for High Liner from 2.5% growth to 1.1% drop for 2013, partly as a result of the loss of a large contract in 2012

By Tom Seaman | Feb. 22, 2013 16:24 GMT
High Liner will be eliminating some of its 1,800 SKUs and increasing a few prices, CEO Henry Demone confirmed in an earnings call on Thursday.
High Liner CEO Henry Demone
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An analyst has shifted his 2013 US sales forecast for High Liner Foods from an increase of 2.5% to a drop of 1.1%, partly as a result of the company losing a large foodservice contract in 2012. [...]

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