Maple Leaf Foods Inc. reported its financial results for the second quarter, June 30, 2016. The company reported significant category and product innovation introduced during the quarter, led by the launch of Maple Leaf Canadian Craft. For the quarter, Maple Leaf reported net earnings of $31.4 million, compared to a net loss of $7.5 million last year.
"The strategic foundation we have built delivered a second consecutive quarter of double-digit EBITDA margin and product innovation at a level unprecedented in our history," said Michael McCain, President and CEO. "Our performance was driven by strong commercial results across the business and continued efficiency gains in our plant network. Our team is focused on pursuing profitable growth, market expansion and further cost efficiencies."