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Maple Leaf Foods Inc (TSE:MFI)
TSX:MFI
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.27Last Year’s EPS
0.04Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 13.22%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance for Maple Leaf Foods, with significant improvements in financial metrics, successful project completions, and a strengthened balance sheet. However, challenges remain with declining plant protein sales and potential tariff impacts. Despite these challenges, the positive aspects of the call outweigh the negatives.Company Guidance
During Maple Leaf’s fourth quarter and fiscal year 2024 financial results conference call, significant metrics and guidance were provided. The company reported a consolidated sales growth of 1.1% for the year, driven by a 3.9% increase in their CPG prepared foods business. In Q4 2024, sales growth accelerated to 4.3%, with prepared meats witnessing a 6.5% increase. The company successfully completed major capital projects, leading to full business case benefits in Q4, and saw a 250 basis point improvement in adjusted EBITDA margin to 12.5% for the year. Adjusted EBITDA grew by $125 million or nearly 30%, reaching $553 million in 2024. Free cash flow was $385 million, an improvement of $296 million from 2023, allowing a significant deleverage of the balance sheet with a net debt to adjusted EBITDA of 2.7. The company also announced plans for a tax-free spin-off of Canada Packers. Looking forward to 2025, Maple Leaf expects mid-single digit sales growth and aims to meet or exceed $634 million in adjusted EBITDA, progressing towards a 14% to 16% adjusted EBITDA margin target. The company is also preparing for potential impacts from tariffs on its U.S. exports but maintains that these would not pose an existential threat.Significant Financial Improvement
Maple Leaf Foods reported a 29% increase in adjusted EBITDA to $553 million in 2024, up from $428 million in 2023, representing a 250 basis point improvement in adjusted EBITDA margin to 11.3% for the year.
Strong Q4 Performance
Q4 sales growth accelerated to 4.3% year-over-year with prepared meats growth of 6.5%. Adjusted EBITDA for Q4 rose by 29% to $155 million, with a margin of 12.5%, a 240 basis point improvement from the previous year.
Free Cash Flow and Balance Sheet Strengthening
Free cash flow improved by $296 million to $385 million in 2024. Net debt decreased by $231 million to approximately $1.5 billion, with a net debt to adjusted EBITDA ratio of 2.7 times.
Successful Capital Projects
Completion of major capital projects at London Poultry and the Bacon Centre of Excellence, achieving full business case benefits in Q4.
Dividend Growth
The company increased its annual dividend for the tenth consecutive year, reflecting confidence in its financial health.
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TSE:MFI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:MFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | C$22.01 | C$24.34 | +10.59% |
| Nov 13, 2024 | C$22.08 | C$20.90 | -5.34% |
| Aug 08, 2024 | C$24.70 | C$22.39 | -9.35% |
| May 02, 2024 | C$23.42 | C$22.50 | -3.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Maple Leaf Foods Inc (TSE:MFI) report earnings?
Maple Leaf Foods Inc (TSE:MFI) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Maple Leaf Foods Inc (TSE:MFI) earnings time?
Maple Leaf Foods Inc (TSE:MFI) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:MFI EPS forecast?
TSE:MFI EPS forecast for the fiscal quarter 2025 (Q1) is 0.27.
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