Maple Leaf Foods lifts outlook as Q2 profit rises

Maple Leaf Foods Inc. reported second-quarter sales of $1.36 billion, up 8.5% from $1.26 billion a year earlier, according to a recent press release. 

Sales in the company’s poultry unit rose 8.5%, while prepared foods increased 7.5% and pork climbed 10.7%. Adjusted EBITDA grew nearly 29% to $182 million, with margin improving to 13.3%.

Net earnings for the quarter ended June 30 were $58 million, or 47 cents per share, compared to a loss of $26 million, or 21 cents per share, last year.

President and CEO Curtis Frank said stronger pork profitability and growth in branded packaged foods helped drive results. “With a strong first half now behind us, we are well-positioned to deliver on our increased full-year 2025 Adjusted EBITDA outlook,” he said.

Maple Leaf now expects full-year adjusted EBITDA in the range of $680 million to $700 million, up from its previous outlook of $634 million or greater.

The company is also preparing to spin off its pork operations into a stand-alone company, Canada Packers Inc., in the second half of 2025.