Maple Leaf earns $17M as it works to spin off pork business

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Maple Leaf Foods Inc. continued to navigate weaker consumer demand in the third quarter as it looked ahead to the spinoff of its pork business in 2025

   by Rosa Saba – The Canadian Press

“This environment has a particularly significant impact on a premium portfolio like ours and I want you to know that we are not sitting still waiting for the macro environment to recover on its own,” said CEO Curtis Frank on a call with analysts.

Frank said the company is working to adapt its strategies to consumer demand. As inflation has stabilized and interest rates decline, he said pressure on consumers is expected to ease.

 
 
 “We are seeing more trade-down than we would like and we are making more investments to grow our volume and protect our market share than we would like”
 
 
 

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