Maple Leaf Foods reported its financial results for the third quarter, ending Sept. 30, 2015. The company recorded sales from continuing operations of $818.8 million for the third quarter of 2015, a decrease of 0.2% from last year, or 2.2% after adjusting for the impact of foreign exchange. The decrease was primarily due to lower sales in the Agribusiness Group. Sales from continuing operations for the first nine months of 2015 increased 2.4% to $2,419.8 million, or 0.9% after adjusting for the impact of foreign exchange, due to higher sales in the Meat Products Group.
Adjusted Operating Earnings for the third quarter increased to $29.8 million compared to a loss of $19.8 million last year primarily as a result of improved margins and favorable market conditions in the Meat Products Group. For the first nine months of 2015, Adjusted Operating Earnings improved to $62.0 million compared to a loss of $61.8 million last year, due to factors similar to those noted above.