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Maple Leaf Foods Inc (MFI.TO)

MFI.TO on Toronto Stock Exchange

27.40CAD
22 Sep 2020
Change (% chg)

$0.41 (+1.52%)
Prev Close
$26.99
Open
$27.19
Day's High
$27.61
Day's Low
$26.90
Volume
362,846
Avg. Vol
250,373
52-wk High
$31.00
52-wk Low
$17.04

Latest Key Developments (Source: Significant Developments)

Maple Leaf Foods Reports Q2 Earnings Per Share C$0.21
Thursday, 30 Jul 2020 

July 30 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE C$0.21.Q2 EARNINGS PER SHARE ESTIMATE C$0.25 -- REFINITIV IBES DATA.Q2 SALES C$1.095 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$1.12 BILLION.Q2 ADJUSTED EARNINGS PER SHARE C$0.35.MAPLE LEAF FOODS - QTRLY MEAT PROTEIN GROUP SALES GROWTH OF 5.8% DRIVEN PRIMARILY BY AN INCREASE IN HOGS PROCESSED, HIGHER SALES TO ASIAN MARKETS.QTRLY PLANT PROTEIN GROUP SALES GROWTH OF 41.4% ON HIGHER VOLUMES.FOR 2020, MAPLE LEAF FOODS CONTINUES TO FOCUS ON PROFITABLE GROWTH IN MEAT PROTEIN GROUP.IN Q2, GROSS COSTS ASSOCIATED WITH COVID-19 WERE APPROXIMATELY $19.0 MILLION, IN-LINE WITH EXPECTATIONS.NOW ESTIMATES THAT ITS TOTAL CAPITAL EXPENDITURES FOR YEAR WILL BE IN RANGE OF $500.0 MILLION TO $600.0 MILLION.FOR REMAINDER OF YEAR, CO'S EXPECTATIONS FOR 2020 ARE: MEAT PROTEIN GROUP MID-TO-HIGH SINGLE DIGIT REVENUE GROWTH.  Full Article

Maple Leaf Foods Receives TSX Approval To Proceed With Normal Course Issuer Bid
Thursday, 21 May 2020 

May 21 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS RECEIVES TSX APPROVAL TO PROCEED WITH NORMAL COURSE ISSUER BID.MAPLE LEAF FOODS INC - NCIB PROGRAM COMMENCES ON MAY 25, 2020 AND WILL TERMINATE ON MAY 24, 2021.MAPLE LEAF FOODS INC - UNDER NCIB PROGRAM, CO IS AUTHORIZED TO PURCHASE UP TO 7.5 MILLION OF ITS COMMON SHARES.  Full Article

Maple Leaf Foods Sees Higher Pork Demand From Asia In Q2 2020
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS.Q1 LOSS PER SHARE C$0.03.Q1 EARNINGS PER SHARE ESTIMATE C$0.16 -- REFINITIV IBES DATA.SALES FOR Q1 OF 2020 WERE $1,022.8 MILLION COMPARED TO $907.1 MILLION LAST YEAR.QTRLY ADJUSTED EARNINGS PER SHARE $0.21.IN Q2 OF 2020, EXPECTS STRONG PORK DEMAND FROM ASIAN MARKETS.IN Q2 OF 2020, EXPECTS STRONG DEMAND FROM RETAIL CHANNEL AND LOWER SALES IN FOODSERVICE CHANNEL.IN Q2 OF 2020, EXPECTS CONTINUED TRACTION IN PLANT PROTEIN, BENEFITING FROM GROWTH IN BOTH INNOVATION AND LEGACY PRODUCTS.ESTIMATES CAPITAL EXPENDITURES FOR 2020 WILL BE AT LEAST $50.0 MILLION BELOW PREVIOUSLY STATED RANGE OF $650.0 MILLION TO $700.0 MILLION.WHILE SHORT-TERM IMPACT OF COVID-19 MAY BE DYNAMIC, MAPLE LEAF FOODS' PURPOSE AND LONG-TERM STRATEGY REMAIN UNCHANGED.  Full Article

UFCW Canada Says Members Working At Cargill, Maple Leaf Foods, Olymel Facilities To Receive Wage Increases
Wednesday, 25 Mar 2020 

March 24 (Reuters) - UFCW Canada ::UFCW CANADA - UFCW MEMBERS WORKING AT CARGILL PROTEIN PROCESSING FACILITIES WILL RECEIVE WAGE INCREASES OF $2 PER HOUR WORKED.UFCW CANADA- MAPLE LEAF FOODS WILL BE PROVIDING ADDITIONAL $80 PER WEEK TO ALL FRONT-LINE EMPLOYEES.UFCW CANADA- AT OLYMEL FACILITIES, ALL UFCW MEMBERS IN QUEBEC AND REST OF CANADA WILL SEE WAGE INCREASES OF $2 PER HOUR WORKED AS OF MARCH 23.  Full Article

Maple Leaf Foods Reports Q4 Earnings Per Share C$0.14
Thursday, 27 Feb 2020 

Feb 27 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS REPORTS FOURTH QUARTER AND FULL YEAR 2019 FINANCIAL RESULTS.Q4 EARNINGS PER SHARE C$0.14.Q4 EARNINGS PER SHARE ESTIMATE C$0.17 -- REFINITIV IBES DATA.Q4 SALES C$1.016 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$986.5 MILLION.WILL INCREASE ITS QUARTERLY DIVIDEND BY $0.015 PER SHARE OR 10.3% TO $0.16 PER SHARE.IN PLANT PROTEIN GROUP, COMPANY EXPECTS 30.0% TOP-LINE GROWTH IN 2020.EXPECTING HIGHER SALES AND EXPANDING GROSS MARGIN IN MEAT PROTEIN GROUP IN 2020.  Full Article

Maple Leaf Foods Names Finance Leader Geert Verellen Its New CFO
Thursday, 7 Nov 2019 

Nov 6 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS NAMES FINANCE LEADER GEERT VERELLEN ITS NEW CHIEF FINANCIAL OFFICER.VERELLEN WILL SUCCEED DEBBIE SIMPSON AS CFO.MAPLE LEAF FOODS - VERELLEN JOINS MAPLE LEAF FOODS FROM WALMART WHERE HE SERVED AS REGIONAL CHIEF FINANCIAL OFFICER FOR WALMART CANADA, INDIA & JAPAN.NAMED GEERT VERELLEN ITS NEW CHIEF FINANCIAL OFFICER, EFFECTIVE JANUARY 6, 2020.  Full Article

Maple Leaf Foods Reports Q3 Adjusted Earnings Per Share C$0.03
Wednesday, 30 Oct 2019 

Oct 30 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS.Q3 ADJUSTED EARNINGS PER SHARE C$0.03.Q3 SALES C$995.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$982.9 MILLION.Q3 EARNINGS PER SHARE ESTIMATE C$0.31 -- REFINITIV IBES DATA.SEES FY 2020 SALES MORE THAN C$280 MILLION.QTRLY PLANT PROTEIN GROUP SALES GREW 30.1%."OUR PLANT PROTEIN BUSINESS SAW 30% GROWTH AND ACCELERATING, AND WE ARE INTENTIONALLY INVESTING VERY HEAVILY IN THAT GROWTH".MAPLE LEAF FOODS - MEAT PROTEIN FACED UNEXPECTEDLY ERRATIC MARKET CONDITION IN QUARTER CONNECTED WITH GLOBAL TRADE, EXPECT THAT TO REVERSE IN SHORT ORDER.QTRLY BASIC EARNINGS PER SHARE $0.11.MAPLE LEAF FOODS-EXPECTS ONGOING UNCERTAINTY IN FRESH PORK MARKETS, CONTINUED GLOBAL TRADE NEGOTIATIONS, CONFIRMATION OF AFRICAN SWINE FEVER IN CHINA.ONGOING UNCERTAINTY IN FRESH PORK MARKETS IS EXPECTED ALSO FROM CHINA'S TEMPORARY SUSPENSION OF CANADIAN PORK IMPORTS.SHORTAGE OF PORK PROTEIN IN CHINA FROM ASF IS EXPECTED TO INCREASE WORLDWIDE MARKET PRICING OF LEAN HOGS, PROCESSED PORK.MAPLE LEAF FOODS - MITIGATING CHINESE IMPORT SUSPENSION IMPACT OF CANADIAN PORK WITH EXPORTS TO OTHER COUNTRIES, INVENTORY MANAGEMENT STRATEGIES.SEES APPROXIMATELY $300.0 MILLION IN CAPITAL EXPENDITURES FOR 2019.  Full Article

Maple Leaf Foods Inc Says QTRLY Loss Per Share $0.05
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS INC - QTRLY LOSS PER SHARE $0.05.MAPLE LEAF FOODS INC - Q2 SALES INCREASED 12.5% TO $1,022.7 MILLION.MAPLE LEAF FOODS INC - QTRLY ADJUSTED EARNINGS PER SHARE $0.33.  Full Article

Maple Leaf Foods Reports Second Quarter 2019 Financial Results
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE C$0.33.Q2 LOSS PER SHARE C$0.05.Q2 SALES C$1.023 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$1 BILLION.Q2 EARNINGS PER SHARE ESTIMATE C$0.31 -- REFINITIV IBES DATA.SEES FY 2020 SALES MORE THAN C$280 MILLION.FOR 2019 COMPANY EXPECTS TO INVEST ABOUT $460.0 MILLION IN CAPITAL EXPENDITURES.  Full Article

Maple Leaf Foods Receives TSX Approval To Proceed With Normal Course Issuer Bid
Wednesday, 22 May 2019 

May 22 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS RECEIVES TSX APPROVAL TO PROCEED WITH NORMAL COURSE ISSUER BID.MAPLE LEAF FOODS INC - NCIB PROGRAM COMMENCES ON MAY 24, 2019 AND WILL TERMINATE ON MAY 23, 2020.MAPLE LEAF FOODS INC - UNDER NCIB PROGRAM, COMPANY IS AUTHORIZED TO PURCHASE UP TO 7.5 MILLION OF ITS COMMON SHARES.  Full Article