Maple Leaf Foods reports Q2 profit rose, driven by pork business
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 07/08/2025 (233 days ago), so information in it may no longer be current.
MISSISSAUGA – Maple Leaf Foods Inc. reported its second-quarter profit of $57.8 million, compared with a loss of $26.2 million a year ago.
Its earnings amounted to 46 cents per diluted share for the quarter ended June 30, up from a loss of 21 cents per share in the same quarter last year, the company said on Thursday.
On an adjusted basis, Maple Leaf says it earned 56 cents per share in its latest quarter, up from an adjusted profit of 18 cents per share a year earlier.
Sales for the quarter totalled $1.36 billion, up from $1.26 billion a year ago.
Maple Leaf said its prepared food sales increased 7.5 per cent, while poultry sales increased 8.5 per cent. Pork sales rose 10.7 per cent.
Chief executive Curtis Frank said the company’s results improved because of profitability in its pork business, and that Maple Leaf expects the spin-off of its pork unit into a standalone company called Canada Packers Inc. will be completed by the end of the year.
“We continue to make excellent progress toward completing the spin-off of Canada Packers, supported by resounding shareholder approval and accelerating operational readiness,” Frank said in a release.
Shareholders overwhelmingly approved the spinoff of Canada Packers in June.
“This historic transaction will unlock significant shareholder value and establish two focused, market-leading companies,” he added.
This report by The Canadian Press was first published Aug. 7, 2025.
Companies in this story: (TSX: MFI)