Maple Leaf Foods Inc (TSE:MFI)
TSX:MFI
Want to see TSE:MFI full AI Analyst Report?
Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.44Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial update: solid top-line growth (6.2% YoY), robust poultry performance (11.7% growth), adjusted EBITDA growth (5.7%) and meaningful free cash flow and leverage improvements, while management reaffirmed 2026 guidance and articulated clear 2030 ambitions. Offsetting risks include modest Prepared Foods volume softness following pricing, YoY margin comparability headwinds from prior-year nonrecurring items, and externally driven inflation/transportation and input-cost risks (fuel, feed, packaging) that may introduce quarter-to-quarter variability (notably in Q3). Overall, highlights materially outweigh the identified near-term lowlights.Company Guidance
Revenue Growth
Sales in Q1 were $963 million, up 6.2% year-over-year, driven by resilient growth platforms and strong retail and foodservice performance.
Strong Poultry Performance
Poultry sales increased 11.7% year-over-year, with the premium Prime brand and sustainable fresh poultry both growing in the double digits; the company gained ~1.7 percentage points of market share in Q1 and notes quota/allocation growth currently running ~4–5% (above historical 2–3%).
Adjusted EBITDA and Margin Momentum
Adjusted EBITDA was $122.4 million, up 5.7% YoY, with an adjusted EBITDA margin of 12.7%; margin improved sequentially by 90 basis points from Q4 following pass-through pricing implemented in mid-February.
Improved Earnings and Free Cash Flow
Earnings from continuing operations were $46.1 million ($0.37 per basic share) vs. $16.0 million ($0.13) a year ago; free cash flow was $36.6 million in Q1, an improvement of $50.2 million YoY.
Balance Sheet Strength and Leverage Reduction
Net debt to trailing 12-month adjusted EBITDA was 2.1x at quarter-end, down from 2.6x a year ago and well within the company’s target to remain below 3x, providing flexibility for capital allocation.
Capital Return to Shareholders
Returned $36 million of capital in Q1 via dividends and NCIB; quarterly dividend increased by 10.5% year-over-year and ~0.3 million shares were repurchased under the NCIB.
Reaffirmed 2026 Guidance and 2030 Ambitions
Company reaffirmed 2026 guidance: mid-single digit revenue growth and adjusted EBITDA of approximately $520–$540 million; reiterated 2030 targets of ~ $5B revenue, ~ $750M adjusted EBITDA and cumulative free cash flow of $1.7–$1.8B.
Productivity and Operational Improvements
Productivity initiatives including the Fuel for Growth program and operations standardization delivered cost and efficiency benefits in the quarter (SG&A almost flat at $101.9M vs. $103.1M prior year and SG&A % of sales improved ~80 bps).
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
TSE:MFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | C$28.13 | C$30.96 | +10.06% |
Mar 05, 2026 | C$26.61 | C$28.10 | +5.60% |
Nov 05, 2025 | C$25.31 | C$23.98 | -5.25% |
Aug 07, 2025 | C$25.02 | C$27.15 | +8.48% |
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.
FAQ
When does Maple Leaf Foods Inc (TSE:MFI) report earnings?
Maple Leaf Foods Inc (TSE:MFI) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Maple Leaf Foods Inc (TSE:MFI) earnings time?
Maple Leaf Foods Inc (TSE:MFI) earnings time is at Jul 30, 2026, Before Open (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 2026 (Q2) is 0.44.