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Maple Leaf Foods Inc (MFI.TO)

MFI.TO on Toronto Stock Exchange

28.52CAD
13 Dec 2018
Change (% chg)

$0.49 (+1.75%)
Prev Close
$28.03
Open
$28.10
Day's High
$28.59
Day's Low
$27.89
Volume
183,000
Avg. Vol
192,111
52-wk High
$37.08
52-wk Low
$26.50

Latest Key Developments (Source: Significant Developments)

Maple Leaf Foods Inc-Announced Plans To Build A $660 Mln Value-Added Fresh Poultry Facility In London, Ontario
Monday, 26 Nov 2018 

Nov 26 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS INC - ANNOUNCED PLANS TO BUILD A $660 MILLION VALUE-ADDED FRESH POULTRY FACILITY IN LONDON, ONTARIO.MAPLE LEAF FOODS INC - PROJECT IS EXPECTED TO BE ACCRETIVE TO EARNINGS BEGINNING IN 2022.MAPLE LEAF FOODS INC - FUNDING FOR PROJECT INCLUDES A CAPITAL INVESTMENT OF ABOUT $605.5 MILLION FROM CO.MAPLE LEAF FOODS INC - PROJECT IS EXPECTED TO CONTRIBUTE TO COMPANY ACHIEVING ITS ADJUSTED EBITDA MARGIN TARGET OF 14% - 16%..MAPLE LEAF FOODS INC - PRODUCTION FROM COMPANY'S THREE SUB-SCALE AND AGING PLANTS IN ONTARIO WILL EVENTUALLY BE CONSOLIDATED INTO NEW FACILITY.MAPLE LEAF FOODS INC - PLANT IN ST. MARYS IS EXPECTED TO CLOSE BY LATE 2021.MAPLE LEAF FOODS INC - PLANTS IN TORONTO AND BRAMPTON ARE EXPECTED TO CLOSE BY MID-LATE 2022.MAPLE LEAF FOODS - PLANS TO FINANCE INVESTMENT WITH CASH FLOW FROM OPERATIONS AND DEBT..MAPLE LEAF - FUNDING FOR PROJECT INCLUDES INVESTMENT OF $34.5 MILLION FROM ONTARIO GOVERNMENT, $20 MILLION INVESTMENT FROM GOVERNMENT OF CANADA.MAPLE LEAF FOODS INC - IN ADDITION, COMPANY IS RECEIVING A $8 MILLION LOAN FROM AGRIINNOVATE FUND..MAPLE LEAF FOODS - TO INCUR ONE-TIME COSTS OF ABOUT $140 MILLION RELATING TO PROJECT.  Full Article

Maple Leaf Foods Q3 Adjusted Earnings Per Share C$0.29
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 ADJUSTED EARNINGS PER SHARE C$0.29.Q3 SALES C$874.8 MILLION VERSUS I/B/E/S VIEW C$901.1 MILLION.Q3 EARNINGS PER SHARE VIEW C$0.33 -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE C$0.29.QUARTERLY BASIC EARNINGS PER SHARE C$0.21.  Full Article

CFIA Informs of Maple Leaf Foods's Recall Of Schneiders Brand Country Naturals Wieners
Wednesday, 17 Oct 2018 

Oct 17 (Reuters) - CANADIAN FOOD INSPECTION AGENCY::CANADIAN FOOD INSPECTION AGENCY - MAPLE LEAF FOODS IS RECALLING SCHNEIDERS BRAND COUNTRY NATURALS WIENERS FROM MARKETPLACE.  Full Article

Maple Leaf Foods To Acquire Viau Foods For $215 Mln
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS TO ACQUIRE VIAU FOODS.MAPLE LEAF FOODS INC - DEAL FOR PURCHASE PRICE OF $215 MILLION.MAPLE LEAF FOODS INC - DEAL FOR PURCHASE PRICE OF $215 MILLION.MAPLE LEAF FOODS INC - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO MAPLE LEAF'S EARNINGS PER SHARE IN FIRST YEAR.MAPLE LEAF FOODS INC - TRANSACTION WILL BE FINANCED THROUGH A COMBINATION OF CASH-ON-HAND AND DRAWINGS UNDER MAPLE LEAF'S EXISTING CREDIT FACILITY.MAPLE LEAF FOODS - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO CO'S EARNINGS PER SHARE IN FIRST YEAR AND TO COMPANY'S MARGIN EXPANSION OVER TIME.MAPLE LEAF FOODS INC - PURCHASE PRICE IN DEAL INCLUDES $30 MILLION IN CO'S STOCK.  Full Article

Maple Leaf Foods Reports Q2 Adjusted Earnings Per Share C$0.34
Thursday, 26 Jul 2018 

July 26 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE C$0.34.Q2 SALES C$909.2 MILLION VERSUS I/B/E/S VIEW C$927.9 MILLION.Q2 EARNINGS PER SHARE VIEW C$0.38 -- THOMSON REUTERS I/B/E/S.ANTICIPATED A MORE CHALLENGING YEAR IN 2018.QTRLY BASIC EARNINGS PER SHARE $0.28.  Full Article

Maple Leaf Foods To Acquire Select Poultry Assets Of Cericola Farms
Thursday, 28 Jun 2018 

June 28 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS TO ACQUIRE SELECT POULTRY ASSETS OF CERICOLA FARMS.MAPLE LEAF FOODS - TRANSACTION WILL BE FINANCED THROUGH A COMBINATION OF CASH-ON-HAND AND DRAWINGS UNDER EXISTING CREDIT FACILITY.  Full Article

Maple Leaf Foods Signs Definitive Agreement To Acquire Field Roast Grain Meat
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS SIGNS DEFINITIVE AGREEMENT TO ACQUIRE FIELD ROAST GRAIN MEAT CO..MAPLE LEAF FOODS INC - DEAL FOR ‍$120 MILLION, PLUS RELATED COSTS​.MAPLE LEAF FOODS INC - TRANSACTION IS EXPECTED BE ACCRETIVE TO EARNINGS.MAPLE LEAF FOODS INC - ‍ EXPECTS TO FINANCE TRANSACTION THROUGH A COMBINATION OF CASH-ON-HAND AND DRAWINGS UNDER EXISTING CREDIT FACILITY​.  Full Article

Maple Leaf Foods reports Q3 EPS c$0.39
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Maple Leaf Foods Inc :Maple Leaf Foods reports third quarter 2017 financial results.Q3 adjusted earnings per share c$0.39.Q3 sales c$908.4 million versus I/B/E/S view c$897.5 million.Q3 earnings per share c$0.39.Q3 earnings per share view c$0.38 -- Thomson Reuters I/B/E/S.  Full Article

CANADA STOCKS-TSX futures fall on Trump's trade comments

Nov 27 Stock futures for Canada's main stock index were lower on Tuesday, after U.S. President Donald Trump said he expected to raise tariffs on Chinese imports, quashing hopes of a trade truce between the two countries.