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 […] Read more
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Maple Leaf quarterly profit misses estimates as costs rise
Maple Leaf profit misses estimates on weak pork prices
Reuters — Packaged meat producer Maple Leaf Foods missed analysts’ estimates for quarterly profit on Thursday, as weak pork prices offset growth in its prepared meats business. Pork prices have […] Read more
Maple Leaf to consolidate Ontario poultry processing
A new $660 million plant at London, Ont. will house Maple Leaf Foods’ Ontario fresh poultry processing operations by mid-2021 as the food processing firm prepares to shut three older […] Read more
Maple Leaf buys further into ‘meat’ market
One of Canada’s biggest packaged meat companies is further expanding its space on the non-animal protein shelf with a deal for U.S. processor Field Roast Grain Meat. Maple Leaf Foods […] Read more
Maple Leaf Q3 profit beats on overall sales growth
Reuters — Maple Leaf Foods, one of Canada’s biggest pork processors, posted a quarterly profit that beat analysts’ estimates, helped by growth across all its businesses. The company, whose brands […] Read more
PED’s spread alarms piglet-exporting Manitoba
Winnipeg | Reuters — The deadly pig disease PEDv (porcine epidemic diarrhea virus) is spreading faster than expected in Manitoba, Canada’s biggest piglet-producing province. The number of cases since the […] Read more
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 […] Read more
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 […] Read more
Maple Leaf to buy U.S. veggie dog, burger maker
Canadian meat packer Maple Leaf Foods is buying space on the non-meat side of the deli section with a deal for U.S. processor Lightlife Foods. Toronto-based Maple Leaf announced Tuesday […] Read more
Maple Leaf to shut southern Ontario turkey plant
Maple Leaf Foods plans to outsource all its fresh turkey processing to another company’s southern Ontario plant in 2018 after shutting its own operation. The company announced Tuesday it will […] Read more