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Maple Leaf quarterly profit misses estimates as costs rise
Livestock

Maple Leaf quarterly profit misses estimates as costs rise

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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
New durum does it all!
Our History

New durum does it all!

Our History: December 1997

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Melita durum wheat advertised in our Dec. 4, 1997 issue was named for the southwest town in what was once Manitoba’s durum area, but that apparently wasn’t any incentive to keep growing durum in this province. Statistics Canada reported 140,000 acres in 1997 and 200,000 acres the following year, but the crop began a steady
Maple Leaf Foods says it is over half done its conversions to open sow housing.
Hogs, Livestock, Local news

Maple Leaf pulls ahead on open sow housing

Gestation crates will be a thing of the past at Maple Leaf Foods as of 2021, three years ahead of the National Farm Animal Care Council’s deadline

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Maple Leaf Foods now expects to complete its shift to open sow housing with years to spare. The company is more than halfway completed its transition, according to Dr. Greg Douglas, vice-president of animal care. About 40,000 of the company’s 70,000 sows are currently managed under the advanced open-housing system, and the company expects to
(FantinoMondello.ca)
Beef cattle, Hogs, Livestock

Maple Leaf to buy Quebec pepperoni processor

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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.”
(File photo by Dave Bedard)
Hogs, Livestock

Pork supply issues hit Maple Leaf’s Q1 ledger

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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
News

Maple Leaf quarterly profit beats estimates

Higher prices, growing demand have positively affected the balance sheet

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Maple Leaf Foods posted a fourth-quarter profit Feb. 21 that beat estimates, due to better pricing and high demand for its prepared meats and plant-based protein foods. The company, one of Canada’s biggest pork processors, is focusing on expanding into new businesses in the United States. Its latest acquisition was the US$120-million purchase of vegan
(Dave Bedard photo)
Livestock

Maple Leaf posts higher-than-expected profit

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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
(Lightlife.com)
Hogs, Livestock

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

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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
(Dave Bedard photo)
Hogs, Livestock

Maple Leaf Foods allows McCain to boost stake

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Reuters — Canadian meat processor Maple Leaf Foods reported a smaller-than-expected profit on Wednesday and also said it would allow its biggest shareholder to take a bigger stake in the company. The company said CEO Michael McCain and an affiliated company, McCain Capital Inc., could now bump up their stake to as much as 45

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