Canadian food manufacturer Maple Leaf Foods has reported sales up from C$1.3bn to $1.7bn (US$1.3bn) in its second quarter ended 30 June.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Profits in the quarter climbed to $26.5m from $1.8m.
The company attributed most of this growth to the inclusion of results from Schneider Foods, the Canadian pork processing operation Maple Leaf recently acquired from US meat giant Smithfield.
President and CEO Michael McCain said Schneider had produced some good early results, and that rising hog prices had also helped, while the introduction of value-added products such as fully cooked roasts had played a positive role in meeting the boosted demand for meat products. The bakery business had “increased earnings by effectively offsetting rising input costs and benefited from […] whole grain and premium bread categories.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
