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MISSISSAUGA — Maple Leaf Foods Inc. reported a third-quarter profit of $43.1 million, up from $17.7 million in the same quarter last year as its sales rose eight per cent.
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The profit amounted to 35 cents per share for the quarter ended Sept. 30, up from 14 cents per share a year earlier, the company said in a release on Wednesday.
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Total company sales amounted to $1.36 billion, up from $1.26 billion in the same quarter last year.
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Maple Leaf said its prepared food sales rose 4.4 per cent, while poultry sales gained 15.7 per cent. The company’s pork business saw sales rise 10.4 per cent.
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On an adjusted basis, Maple Leaf says it earned 49 cents per share in its most recent quarter, up from an adjusted profit of 18 cents per share a year earlier.
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While the company’s financial results posted a good showing compared with the prior year, the higher cost of raw materials dented its earnings on a quarter-over-quarter basis.
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Chief executive Curtis Frank said higher meat production costs ate into profit margins.
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“Beef inputs are at all-time highs. Turkey, in real time, is being impacted by the avian influenza implications in the North American markets,” Frank told analysts during an earnings call on Wednesday.
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“It’s really the combination of those inflationary effects that impacted the third quarter, and I think will continue to impact (the fourth quarter).”
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Maple Leaf completed the spin off of its pork business as Canada Packers Inc. last month, which reported its first earnings on Wednesday.
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This report by The Canadian Press was first published Nov. 5, 2025.
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Companies in this story: (TSX: MFI)
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