Maple Leaf Foods growth, profit up

(Reuters) — Maple Leaf Foods’ quarterly profit beat analysts’ estimates, helped by growth across all its businesses.

The company, whose brands include Schneiders and Maple Leaf, said adjusted operating earnings rose to $65.15 million in the third quarter ended Sept. 30 from $61.52 million a year earlier.

Sales rose 6.6 percent to $908.4 million. Net earnings jumped 18.2 percent to $37.6 million. It earned 39 cents per share, beating the average analyst estimate of 38 cents, according to Thomson Reuters.

financial results


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