Maple Leaf Foods reports $391.2M Q4 profit boosted by spinoff of pork business

Maple Leaf Foods Inc. reported a fourth-quarter profit of $391.2 million, up from $53.5 million a year earlier, boosted by the spinoff of its pork business.

The company says its profit amounted to $3.06 per diluted share for the quarter ended Dec. 31, up from 43 cents per diluted share a year earlier.

READ: Maple Leaf Foods to increase retail prices amid high meat costs

On an adjusted basis, Maple Leaf says it earned 32 cents per share in its latest quarter, up from 18 cents per share in the final quarter of 2024.

Sales for the quarter totalled $991.2 million, up from $917.1 million a year earlier.

Maple Leaf says the increase came as prepared foods sales gained 6.1 per cent, while poultry sales increased 13.1 per cent.

The company spun off its pork business as Canada Packers Inc. last year.