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Maple Leaf Foods Inc (TSE:MFI)
TSX:MFI
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.08Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -5.61%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with significant sales and EBITDA growth, improvements in adjusted EBITDA margin, successful product launches, and a strong focus on sustainable meats and U.S. market expansion. However, challenges remain with inflation impacting consumer behavior and some ongoing issues in the pork complex, particularly in Japan.Company Guidance
During the Q3 2024 earnings call for Maple Leaf Foods (MFI.TO), the company provided guidance emphasizing several key metrics. Sales for the quarter reached approximately $1.3 billion, reflecting a nearly 2% year-over-year increase, driven by over 3% growth in the CPG prepared meats business. Adjusted EBITDA grew by over 9% to $141 million, with an adjusted EBITDA margin rising by 80 basis points to 11.2%. Year-to-date, adjusted EBITDA has surged by nearly 30%, contributing to a substantial increase in free cash flow generation, which improved by $65 million to $155 million in Q3. The company also highlighted a significant reduction in net debt, which fell by $126 million during the quarter, decreasing the net debt to adjusted EBITDA ratio to 3.1x from 4.9x the previous year. Looking ahead, Maple Leaf Foods remains focused on achieving its strategic margin target of 14% to 16%, driven by the full realization of benefits from major capital projects, adapting brand strategies to an inflation-stressed consumer environment, and improving pork market conditions.Sales and EBITDA Growth
Q3 sales of approximately $1.3 billion were up nearly 2% year-over-year, with a 3% growth in CPG prepared meats business. Adjusted EBITDA grew by over 9% to $141 million in the quarter and has grown by nearly 30% year-to-date.
Improvement in Adjusted EBITDA Margin
Adjusted EBITDA margin increased by 80 basis points in Q3 to 11.2%, driven by improved pork markets and contributions from capital projects.
Successful Product Launches
Launched 22 new SKUs into the market in Q3, with products like Schneiders brand breakfast sandwiches showing early success.
Sustainable Meats and U.S. Market Growth
Sustainable meats grew at a double-digit pace in Q3, and U.S. market sales saw double-digit growth in prepared meats, with Greenfield brand achieving over 50% sales growth in the U.S. compared to last year.
Deleveraging and Balance Sheet Improvement
Substantial increase in free cash flow and net debt reduced to $1.6 billion, with net debt to adjusted EBITDA ratio at 3.1x.
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TSE:MFI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:MFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | C$22.29 | C$21.10 | -5.34% |
| Aug 08, 2024 | C$24.94 | C$22.61 | -9.34% |
| May 02, 2024 | C$23.64 | C$22.72 | -3.89% |
| Feb 22, 2024 | C$24.85 | C$23.01 | -7.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Maple Leaf Foods Inc (TSE:MFI) report earnings?
Maple Leaf Foods Inc (TSE:MFI) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Maple Leaf Foods Inc (TSE:MFI) earnings time?
Maple Leaf Foods Inc (TSE:MFI) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:MFI EPS forecast?
TSE:MFI EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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