In This Article:
Maple Leaf Foods (TSE:MFI) Third Quarter 2024 Results
Key Financial Results
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Revenue: CA$1.26b (up 1.2% from 3Q 2023).
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Net income: CA$17.7m (up from CA$4.27m loss in 3Q 2023).
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Profit margin: 1.4% (up from net loss in 3Q 2023).
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EPS: CA$0.14 (up from CA$0.035 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Maple Leaf Foods Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 42%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Canada.
Performance of the Canadian Food industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Maple Leaf Foods (2 are significant) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.