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Canada's Maple Leaf Foods misses Q3 revenue estimates; backs FY rev view

By Reuters News


Overview

  • Canada packaged meats firm's Q3 revenue up 2.4% yr/yr, slightly missed analyst expectations

  • Adjusted EPS for Q3 was C$0.36, missing analyst estimates

  • Company expects 2026 Adjusted EBITDA at low end of prior outlook due to cost inflation


Outlook

  • Maple Leaf Foods now expects 2026 adj EBITDA near the bottom of C$520-540 mln range

  • Company reaffirms mid-single-digit revenue growth outlook for fiscal 2026

  • Company expects 2026 capital expenditures of C$130-150 mln


Result Drivers

  • PREPARED FOODS MIX - Co said improved product mix and related party revenue drove Prepared Foods sales, partly offset by lower volume and increased trade promotion spending

  • POULTRY PRICING AND CHANNEL MIX - Co said Poultry sales rose 4.3% due to improved channel mix and pricing, partly offset by lower industrial channel volumes

  • OPERATING EFFICIENCY - Co said gross profit rose due to favourable mix in Poultry and Prepared Foods and improved operating efficiency


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Meet

C$1.04 bln

C$1.04 bln (8 Analysts)

Q3 Adjusted EPS

Miss

C$0.36

C$0.38 (9 Analysts)

Q3 Adjusted EBITDA

C$129 mln

Q3 Adjusted EBITDA Margin

12.50%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the food processing peer group is "buy"

  • Wall Street's median 12-month price target for Maple Leaf Foods Inc. is C$34.50, about 26.3% above its November 3 closing price of C$27.32

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago


Reuters Recommended Reads

  • Nov 4 - Finland's HKFoods Q3 sales, adjusted EBIT lifted by poultry and ready meals demand

  • Nov 3 - Vital Farms Q3 revenue misses estimates; cuts FY forecast

  • Nov 3 - ADM beats quarterly estimates, lifts annual profit forecast on stronger processing margins


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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