Clearwater Scallop Shortfall Weighs on Premium Brands' Seafood Results as Parent Posts Record Q2

Clearwater Seafoods delivered a difficult second quarter, with total revenue falling $46.4 million year-on-year to $91.7 million as a combination of asset sales and weak Canadian scallop catch rates dragged on performance — even as parent company Premium Brands Holdings Corporation posted record overall results for the period ended June 27, 2026.
Three factors drove Clearwater's revenue decline: the sale of its Macduff land-based operations in Q3 2025, the divestiture of its Argentine scallop business during the latter...
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