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High Liner Foods Reports Operating Results for the Second Quarter of 2020

A - Strong Retail Demand for Value-Added Seafood and Continued Margin Improvements -A  LUNENBURG, NS, Aug.A 11, 2020 /CNW/ - High Liner Foods Incorporated (TSX: HLF) ("High Liner Foods" or "the Company"), a leading North American value-added frozen seafood company, today reported financial results for the thirteen and twenty-six weeks ended JuneA 27, 2020. "High Liner Foods' performance in the second quarter of 2020 demonstrates how quickly and effectively we pivoted to meet new customer realities during this unprecedented time," said Rod Hepponstall, President and CEO of High Liner Foods. "Thanks to our transformative efforts last year we are able to continue improving our business and position the Company for further profitable growth despite the challenges presented by COVID-19.""We are capitalizing on new opportunities to deliver the value-added products that consumers are hungry for, retailers want in stock and foodservice customers need in order to operate efficiently in the new normal. Our foodservice business is recovering more quickly than anticipated and our supply chain continues to be extremely efficient and reliable providing a competitive advantage and further cementing customer loyalty."Key financial results, reported in U.S. dollars ("USD"), for the thirteen weeks ended JuneA 27, 2020, or the second quarter of 2020, are as follows (unless otherwise noted, all comparisons are relative to the second quarter of 2019):
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