Premium Brands missed Q3 earnings due to a unit write-down and poor Maine lobster catch, despite strong demand.

Premium Brands Holdings missed earnings and revenue expectations in Q3 2025 due to a write-down at its Clearwater Macduff unit and a poor lobster catch in Maine, though demand for its premium seafood remains strong. Meanwhile, a potential U.S. government shutdown could disrupt the 2026 groundfish harvest by halting critical fisheries management activities. In Canada, Quebec’s exploratory lobster fishery saw higher landings, but fishers report regulatory challenges hindering operations. Simultaneously, Nichimo recorded record profits driven by surging Alaskan seafood exports to China, underscoring growing trade ties between Alaska and Asian markets.