Search:

The search returned 8 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:

Maple Leaf Foods Reports Third Quarter 2019 Financial Results

Maple Leaf Foods Inc. today reported its financial results for the third quarter ended September 30, 2019.

Quarterly Highlights

  • Initial quarter with segmented results; meat protein and plant protein each with distinct value creation strategies
  • Sales increased 13.8%, or 5.4% excluding acquisitions, driven by growth in both meat and plant protein businesses
  • Meat Protein Group delivered Adjusted EBITDA margin(1) of 9.0% in erratic markets
  • Plant Protein Group sales grew 30.1%, while maintaining a solid core gross margin of 28.9%, or...

 

Full Story »
Oct 30 8:53 AM, General News



Greenleaf Foods, SPC Names Foodservice Veteran Ken Komejan Vice President of Foodservice

Plant-based protein leader Greenleaf Foods, SPC, announced that veteran foodservice executive Ken Komejan has joined the company as Vice President of Foodservice. Komejan will lead the Greenleaf Foods, SPC foodservice business—for the company’s two category-leading brands, Lightlife (“Lightlife”) and Field Roast Grain Meat Co. (“Field Roast”)—across North America, defining a strategic vision to accelerate growth and market leadership in the plant-based protein market.

Under Komejan’s leadership, Greenleaf Foods, SPC, will solidify its commitment to the fast-growing foodservice channel and expand its position in the highly-competitive demand space with Lightlife and Field Roast.

“The addition of Ken to the Greenleaf team solidifies our commitment to serving foodservice customers with...

Full Story »
Sep 24 8:46 AM, General News


Maple Leaf Foods Names Casey Richards Senior Vice-President of Marketing and Innovation

Maple Leaf Foods, Inc. today named Casey Richards Senior Vice-President of Marketing and Innovation.

Richards will assume overall marketing leadership for Maple Leaf's family of brands and will lead the company's innovation efforts, while continuing to oversee the pastry business. He will also join the Maple Leaf Foods Senior Leadership Team.

Richards most recently served as the Company's Vice-President and General Manager – Pastry, a role he assumed in 2017 following two decades of marketing and general management experience with leading U.S. food companies. Richards is a highly accomplished brand marketer with a strong commercial acumen and a demonstrated track record of success in strategy, brand building, innovation and...

Full Story »
Sep 10 8:22 AM, General News


Greenleaf Foods, SPC, Names Adam Grogan Chief Operating Officer

Plant-based protein leader Greenleaf Foods, SPC, today named Adam Grogan Chief Operating Officer effective September 9, 2019. Grogan currently serves as Senior Vice President of Marketing, Innovation, Research and Development at Greenleaf's Toronto-based parent company Maple Leaf Foods, Inc. (TSX: MFI) where he has distinguished himself as an expert brand marketer, innovator and scaled operational leader.

The appointment comes at a time when Greenleaf Foods, SPC, is focused on growing its plant-based protein business and building North America's largest plant-based protein facility in Shelbyville, Indiana, to meet demand for its innovative products.

"Adam brings tremendous commercial expertise, strong operational experience and leadership to this new role. And, his technological knowledge and capabilities will be invaluable to Greenleaf at this critical juncture in our rapidly growing business," said Dan Curtin, President of Greenleaf Foods, SPC. "Adam's passion and ability to deliver breakthrough innovation and...

Full Story »
Aug 28 9:04 AM, General News


Maple Leaf Foods Reports Second Quarter 2019 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the second quarter ending June 30, 2019.

Quarterly Highlights

  • Sales increased by 12.5%, driven by acquisitions, our value-added product portfolio and continued double-digit growth in plant-based protein
  • Recorded a net loss of $6.3 million or $0.05 per share due to $60.7 million of non-cash fair value changes on balance sheet items, not reflective of the commercial performance of the Company and excluded from Adjusted EBITDA
  • Adjusted EBITDA Margin of 11.3% in meat protein and 10.6% for the Company, driven by strong commercial performance
  • Net Debt of $403.4 million, of which...
Full Story »
Aug 1 9:38 AM, General News


Maple Leaf Foods Reports First Quarter 2019 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the first quarter ending March 31, 2019.

Quarter highlights

  • Sales up 11.0% driven by acquisitions and growth in core business
  • Adjusted EBITDA margin of 9.3%, impacted by investments in growth for plant-based protein, start-up in new capacity in protein kits and meat pies, and integration of 2018 acquisitions
  • Announced capital investment of US$336.0 million to expand plant-based protein capacity to secure continued leadership position and meet escalating demand...
Full Story »
May 2 11:26 AM, General News


Maple Leaf Advances Leadership in Growing Plant-Based Protein Market with New Production Facility 

Maple Leaf Foods Inc. ("Maple Leaf" or the "Company") (TSX: MFI) and its wholly owned subsidiary, Greenleaf Foods, SPC, today announced plans to construct a US$310 million plant-based protein food processing facility in Shelbyville, Indiana. At approximately 230,000 square feet, it will be the largest facility and investment of its kind in North America. The Company will also invest approximately US$26 million to keep pace with ongoing growth in demand at its existing facilities. This strategic initiative will support Maple Leaf's continued growth and leadership in the rapidly expanding market for plant-based protein.

"With Lightlife and Field Roast, we own the leading brands in the North American refrigerated plant-based protein market," said Michael H. McCain, President and CEO. "This investment will secure our ...

Full Story »
Apr 8 9:15 AM, General News


Maple Leaf Foods Reports Results for the Fourth Quarter and Year-End 2018

Maple Leaf Foods Inc. (the "Company") (TSX: MFI) today reported its financial results for the fourth quarter and full year ended December 31, 2018. The Company also announced it will increase its quarterly dividend by $0.015 per share or 11.5% to $0.145 per share, effective the first quarter of 2019.

Quarter highlights

  • Sales growth driven by core business offset by declines in fresh market prices
  • Adjusted EBITDA(1) margin of 10.0% with strong commercial performance offset by adverse fresh market conditions
  • Meaningful progress on strategic growth initiatives including further momentum in sustainable meats, renovation of the entire brand portfolio completed and continued double-digit growth in plant protein
  • Closed the strategic acquisitions of Cericola Farms and VIAU Foods providing new and attractive growth avenues in underlying businesses
  • Announced $605.5 million investment to construct state-of-the-art poultry facility to ...
Full Story »
Feb 28 2:19 PM, General News




URNER BARRY INDICES




Load More
Label Label
Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.