Maple Leaf Foods Inc. reported its financial results for the first quarter ending March 31, 2018. The company reported sales volume growth across the business, except in fresh pork with temporary supply interruption. The company’s sales of $817.5 million represents a 0.8 percent increase from last year’s Q1 results.
"As anticipated, it was a more challenging start to the year in 2018 although we were pleased to have delivered EBITDA margins of 10.1% in these conditions, which reflects our balanced portfolio, brand strength and value-added product mix," said Michael H. McCain, President and CEO. "We realized excellent commercial and operating gains in the prepared meat portfolio, offset by the much-anticipated headwinds of market conditions. We are now launching the most extensive food and brand renovation in our history, which will be one of our strategic growth foundations for years to come."