Thursday, February 24, 2022

Maple Leaf’s sales increase, profits plunge


Maple Leaf Foods Inc. reports an 8.2 per cent increase in meat protein sales, but a 3.77 per cent decline in plant protein sales.

The combined total was $1.12 billion for the fourth quarter, an increase of 6.9 per cent.

Net earnings plunged from $25.1 million to $1.9 million.


Sales for the year were up by 5.1 per cent to $4.5 billion, but net earnings declined by 9.2 per cent to $102.8 million.

The review of the company’s future in plant proteins remains ongoing.