Maple Leaf Foods reports a decline in sales and profits for its second quarter and for the first half of the fiscal year.
Michael McCain, president and chief executive officer, said trade and the launch of a new line of products are responsible for the declines and said that the results are actually better than the targets he set for the company.
Second quarter sales decreased 1.8 per cent to $909.2 million and net earnings declined from $37 to $35 million.
For the six months ended June 30, 2018, sales decreased by 0.6 per cent and net earnings from $67 to $63 million.
