(Dave Bedard photo)

Maple Leaf quarterly profit misses estimates as costs rise

Reuters — Packaged meat producer Maple Leaf Foods reported a lower-than-expected quarterly profit on Thursday, hit by higher costs as it invested more in new initiatives and capacity expansion. The company has been keen on expanding in the U.S., seeing growth opportunities in humanely raised animal products and alternative protein sources. In April, the company […] Read more

(FantinoMondello.ca)

Maple Leaf to buy Quebec pepperoni processor

Meat processor Maple Leaf Foods plans to boost its space in the pepperoni and dry-cured meats market with a deal for Montreal-based Viau Foods. Toronto-based Maple Leaf announced Tuesday it will pay $215 million, including $30 million in Maple Leaf shares, for Viau, which today bills itself as “Canada’s most important independent producer of pepperoni.” […] Read more


(File photo by Dave Bedard)

Pork supply issues hit Maple Leaf’s Q1 ledger

Reuters — Meat packer Maple Leaf Foods posted a smaller-than-expected quarterly profit as lower prices and a temporary interruption in supplies hurt sales of its pork products, sending its shares to their lowest in nearly two years. The company, one of Canada’s biggest pork processors, said that processed fresh pork sales were affected by a […] Read more

(Dave Bedard photo)

Maple Leaf posts higher-than-expected profit

Reuters — Meat-packing company Maple Leaf Foods reported a better-than-expected quarterly profit, driven by increased retail sales in Canada and higher exports. The company, whose brands include Schneiders and namesake Maple Leaf, said adjusted operating earnings rose 10 per cent to $59 million in the first quarter ended March 31. Maple Leaf, which is Canada’s […] Read more


(Lightlife.com)

Cash-rich Maple Leaf sees abundant U.S. opportunities

Reuters — Canadian meat packing company Maple Leaf Foods is hunting for acquisitions in the U.S., after years spent upgrading old factories and shedding business lines, its CEO said on Wednesday. Maple Leaf, which reported on Wednesday its profits doubled in the fourth quarter, sees growth opportunities from meat produced humanely and without antibiotics, and […] Read more