Canada-based Clearwater Seafoods saw its fourth quarter results hit by raw material and logistics inflation and a volatile snow crab market.
Clearwater's sales for the quarter fell 0.4 percent to CAD 157.7 million (€117.7 million/$114.8 million) due to "the delayed sale of snow crab inventory in anticipation of more favorable pricing later in the year," co-owner Premium Brands said Thursday.
Clearwater's snow crab woes were partially offset by strong prices for the Canadian giant's core species, namely frozen-at-sea scallops, clams and shrimp.
