Highlights include:
Note: Adjusted Operating Earnings measures are defined as earnings from operations before restructuring and other related costs and other income. Adjusted Earnings per Share measures are defined as basic earnings per share adjusted for the impact of restructuring and other related costs.
“Our stronger results reflect good performance in our bakery businesses and steady improvement in our prepared meats business, recovering from the product recall of last August,” said Michael H McCain, president and CEO. “We’re realising material positive benefits from the transformation of our protein operations over the past several years, which protected us from challenging commodity markets in the quarter. While we’ve made good progress, there remains significant value creation opportunity with very positive effects on our future financial results.”
Source: Maple Leaf Foods
© FoodBev Media Ltd 2024