Jamieson Wellness (JWEL) Q2 2026 earnings summary

Executive summary

• Revenue grew 17.4% year-over-year to $233.8 million, with Jamieson Brands up 18.6% and Strategic Partners up 8.3%.

• Net earnings reached $18.6 million, and adjusted net earnings were $19.9 million, up $2.7 million year-over-year.

• Announced agreement to be acquired by Kirin Holdings at CAD $45.75 per share, prompting withdrawal of 2026 financial guidance.

• Dividend increased by 8.7% to $0.25 per share, payable September 15, 2026.

Financial highlights

• Gross profit rose by $16.6 million to $97.4 million; normalized gross profit margin increased by 160 bps.

• EBITDA increased by $8.3 million to $38.4 million; adjusted EBITDA up 12.3% to $39.4 million.

• Diluted EPS was $0.42; adjusted diluted EPS was $0.46.

• Operating margin improved to 12.7% from 11.7% year-over-year.

Outlook and guidance

• Withdrew previously issued 2026 guidance due to pending acquisition by Kirin and related uncertainties.