Maple Leaf Foods has delivered a sharp turnaround in its second-quarter results, with the pork division emerging as the top driver of growth.
The company posted net earnings of C$57.8 million, or 47 cents per share, a marked improvement from last year’s loss of C$26.2 million. Overall sales increased 8.5% year-over-year to C$1.36 billion, exceeding market expectations.
Pork operations led all segments with a 10.7% sales increase, supported by:
Higher hog processing volumes
Increased average hog weights
Favorable foreign exchange conditions
Prepared foods sales rose 7.5%, while poultry was up 8.5%.
Maple Leaf shares jumped 8% in early trading on the Toronto Stock Exchange following the results.
The company’s spinoff of its pork operations into Canada Packers remains scheduled for completion in the second half of 2025, with shareholder approval already secured.
Swine Web will continue to follow this story as the pork division transitions into a standalone company.
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