Canada-based Clearwater increased sales in its home market 5 percent, while sales gained 10 percent in the United States, 20 percent in Europe, 38 percent in Japan, 5.5 percent in China and 15 percent in other Asian markets, said Beacon Securities analyst Michael Mills.
U.S. and European sales were impacted by the strong Canadian dollar in relation to the U.S. dollar and the euro. Price increases in Europe helped to offset much loonie’s surge against the euro.
Canada benefitted from higher selling prices for crab, lobster and sea scallops, although scallop sales were hurt by lower inventories.
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