Maple Leaf Foods (TSE:MFI) has released an update.
Maple Leaf Foods Inc. has reported a significant increase in its first quarter 2024 financial results, with a 55% rise in Adjusted EBITDA to $116 million and improved free cash flow from $12.4 million to $73.6 million year-over-year. Despite a slight decline in overall sales, the company achieved growth in its prepared meats segment and expects to continue its upward trajectory with strong strategies for growth in Canada and the U.S. Net earnings turned positive at $51.6 million, recovering from a loss in the same quarter the previous year.
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