Latest news with #MapleLeafFoods
Business Insider
4 days ago
- Business
- Business Insider
Maple Leaf Foods (MFI) Receives a Buy from TD Securities
TD Securities analyst maintained a Buy rating on Maple Leaf Foods today and set a price target of C$41.00. The company's shares closed today at C$29.71. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Maple Leaf Foods has an analyst consensus of Strong Buy, with a price target consensus of C$35.63, a 19.93% upside from current levels. In a report released today, TD Cowen also maintained a Buy rating on the stock with a C$41.00 price target. Based on Maple Leaf Foods' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.24 billion and a net profit of C$49.56 million. In comparison, last year the company earned a revenue of C$1.15 billion and had a net profit of C$51.55 million Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MFI in relation to earlier this year.
Yahoo
03-07-2025
- Business
- Yahoo
Maple Leaf Foods to Report 2025 Second Quarter Financial Results on August 7th
TSX: MISSISSAUGA, ON, July 3, 2025 /PRNewswire/ - Maple Leaf Foods Inc. ("Maple Leaf Foods" or the "Company") (TSX: MFI) will release its second quarter 2025 financial results on August 7, 2025 at 6:00 am ET. The release will be followed by a conference call and webcast beginning at 8:30 am ET. What: Maple Leaf Foods Q2 2025 Conference Call Who: Curtis Frank, President and Chief Executive OfficerDavid Smales, Chief Financial OfficerDennis Organ, President, Pork Complex and incoming CEO of Canada Packers When: August 7, 2025 at 8:30 am ET Call Details: Please click here to register for the webcast To participate via conference call, please dial-in 416-945-7677 or 1-888-699-1199. All dial-in participants should ask to join the Maple Leaf Foods call. To join the conference call without operator assistance, you may register and enter your phone number at this link to receive an instant automated call back. For those unable to participate at the scheduled time, playback will be made available an hour after the event at 289-819-1450 or 1-888-660-6345, passcode: 00409#. Within 48 hours following the event, the webcast replay will be archived and available on the Company's website at About Maple Leaf Foods Leaf Foods is a leading protein company responsibly producing food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, LightLife® and Field Roast™. The Company employs approximately 13,500 people and does business primarily in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI). View original content to download multimedia: SOURCE Maple Leaf Foods Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
02-07-2025
- Politics
- Winnipeg Free Press
Elbows up this Canada Day
Canadian pride and thoughts of reconciliation hung in the air Tuesday as musicians and dancers helped ring in Canada Day at The Forks. With U.S. President Donald Trump's trade war and threats of annexation still fresh in people's minds, the flags seemed to fly a little higher and the energy buzzed a little more as the country celebrated its 158th birthday. 'I've seen a lot of 'elbows up' today,' Paul Hartwick, visiting from Burlington, Ont., said. 'I can tell people are now a little more protective of Canada.' Hartwick, a Maple Leaf Foods employee, said he rarely noticed Canadian flags around his Ontario home until about six months ago, when Trump was sworn in. Now, he sees multiple flags flying full-time. He's not the only one to notice a change. 'It's definitely more celebratory that Canada is sovereign and unique,' said Norm Beltrame, a former investment planner. 'We have something to be proud of, it's way more pronounced.' Hartwick said Canadians have usually been quieter and a little unassuming when it comes to being patriotic, and that it's nice to see people showing more support for their country by attending events like these. 'Maybe we took everything for granted a bit, and now seeing some of the things the guy south is saying about taking us over and stuff, they're becoming a little more prideful and thankful for how this country is versus the U.S.' While Canada Day celebrations the past few years have been tempered by anger over the discovery of potential unmarked graves of Indigenous children at residential schools and the previous Tory government's steadfast refusal to search landfills for the remains of three of four victims of serial killer Jeremy Skibicki, that anger seems to be softening. Or at least redirected into a path forward to reconciliation. The Forks has celebrated Indigenous Peoples from all different backgrounds for 11 days straight as part of its 'Many Nations, One Heartbeat' theme for 2025, which began on National Indigenous Peoples Day, June 21. Sarah Greco, a musician who was on the fence about performing on Canada Day at The Forks, recognizes it's a step in the right direction, but thinks more still needs to be done. She also pointed to education being the key and credited former Canadian senator and Indigenous advocate Murray Sinclair. 'Education got us into this mess, and that's what's going to get us out,' said Greco, a singer in the 'Sassy Mellows' band. 'Learning more about history and educating myself has really made me realize that there's a lot more that was hidden from us and we didn't know, so I'm just trying to advocate for that as best as I can in certain ways.' Greco is Métis, Cree, and Blackfoot and said she knows people who've been to residential schools. She uses entertainment and music as a platform to help spread the word about what Indigenous Peoples have suffered through in their past and are still experiencing now. 'It starts at home. If you can start with yourself and then maybe work outside of your community and offer help where you can, we will start seeing less division in the community,' she said. 'What we all need is community. We need people to come together and to progressively try and move forward.' Jerry Tom, an Indigenous man, almost didn't come. 'I had some mixed feelings about being here,' said Tom, 62, outside of The Forks Market. 'It's tricky because of what Canada has done to the Indigenous peoples with residential schools.' Tuesdays A weekly look at politics close to home and around the world. Tom believes the country should put more of its attention on reconciliation. He referenced the unmarked grave sites discovered at a former residential school in Kamloops, B.C., a few years ago and hopes that educating others will help create a more unified country. 'These issues are difficult to discuss, but they need to happen,' Tom said. 'It's a matter of education to make things better for everybody down the road.' Tom said he still hears racist comments from people and remembered the time someone referred to him as a 'dirty Indian' while walking down the city's streets. 'In those moments I always think, 'I feel sorry for your kids because you will pass that behaviour on to your children,'' he said.
Yahoo
18-06-2025
- Business
- Yahoo
How to Invest $10,000 in Today's Uncertain Market for Future Gains
Written by Jitendra Parashar at The Motley Fool Canada The stock market feels uncertain right now, and that has a lot of investors sitting on the sidelines. While the TSX recently hit a new record high, underlying risks remain. Persistent inflation, an uncertain macroeconomic outlook, and geopolitical conflicts have many wondering whether this rally is sustainable. But if you have $10,000 ready to invest and you are thinking long term, this could actually be a great time to get started. The best opportunities don't always come when everything looks perfect. They show up when fundamentally strong stocks temporarily look undervalued, and their prices do not reflect their real potential. In this article, I'll highlight two such TSX-listed stocks offering a mix of resilience and long-term upside to buy now. When markets are uncertain, it could help to focus on fundamentally strong companies like Maple Leaf Foods (TSX:MFI), which has built a solid base in the essential business of food production. Headquartered in Mississauga, this company makes everything from ready-to-cook meals to plant-based proteins. It's not just surviving this uncertain market but actually gaining momentum in 2025 as its stock has surged 37% year-to-date to currently trade at $27.95 per share with a market cap of $3.5 billion. Interestingly, it also offers a 3.4% annualized dividend yield. In the latest quarter ended in March 2025, the Canadian food manufacturer posted 8% YoY (year-over-year) revenue growth and a big 43% YoY jump in its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization). Its adjusted quarterly EBITDA margin also improved to 13.4%, up from 10.1% a year ago. The company's operations in prepared foods, poultry, and pork are all contributing, and it's now moving forward with a strategic spin-off of its pork segment into a new entity called Canada Packers. That could sharpen Maple Leaf's focus as a brand-first food firm while unlocking more value for long-term shareholders. For long-term investors with patience, Maple Leaf's profitable business could keep delivering in the years ahead. Another top stock you can consider for your $10,000 investment is Aritzia (TSX:ATZ), a premium fashion retailer that's gaining serious traction, especially in the U.S. market. The Vancouver-based company has seen its stock jump nearly 79% over the last year. With this, it trades at $67.44 per share and has a market cap of about $7.7 billion. In its latest fiscal quarter (ended in February 2025), Aritzia posted 31% YoY revenue growth and a 156% jump in adjusted net profit. Its U.S. operations made up over 60% of total sales for the quarter. That momentum mainly came from the rising e-commerce demand and its expansion into high-profile locations like Fifth Avenue in New York. These strong results clearly showcased Aritzia's ability to thrive under pressure and capture market share even in a tough economic environment. For long-term investors, this kind of consistent growth across key markets, paired with solid earnings gains and a clean balance sheet, makes Aritzia an interesting stock to hold through market cycles. The post How to Invest $10,000 in Today's Uncertain Market for Future Gains appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has positions in Aritzia. The Motley Fool has positions in and recommends Aritzia. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
17-06-2025
- Business
- CBC
From 'greenwashing' to 'green hushing' — companies complain new law stifles environmental efforts
Some corporate leaders say new anti-greenwashing legislation has had the unintended effect of dissuading companies from taking climate action. But environmental organizations and others say that's a cop out. Bill C-59's changes to the Competition Act were meant to prevent companies from misrepresenting the environmental benefits of their products or practices — known as "greenwashing." The bill also gave the Competition Bureau more power to penalize companies that can't back up their claims with detailed evidence. But critics say requiring all such claims conform to "internationally recognized methodology" leaves too much room for interpretation and makes companies vulnerable to legal action. Michael McCain, the executive chair and former CEO of Maple Leaf Foods, calls this "green hushing." It's "the opposite of encouragement for companies to do the right thing," McCain told Laura Lynch, host of CBC Radio's What on Earth. The changes create so many "obstacles and consequences" to touting a company's environmental efforts, that the companies stop doing them. Royal Bank has "retired" its commitment to facilitate $500 billion in sustainable finance by this year, pointing to changes in the Competition Act. Likewise, the investment arm of the Canada Pension Plan dropped its promise to invest in line with Canada's target to reach net zero by 2050, because of "recent legal developments," said CEO John Graham. Tyson Dyck, a lawyer who consults on environmental and climate matters for corporate clients, including many in the energy sector, says clients across the country have been "very concerned" about the changes, which took effect last June. He says the business community expected clarity about how to make environmental or climate-related claims. Instead, they got "confusion," he said. "And I think they struggled interpreting the new provisions." But environmental groups say no one is forcing companies to talk about their climate efforts, and that corporations should behave sustainably because it's the right thing to do, not for the boost to public image. Matt Hulse, a lawyer with Ecojustice, an environmental law charity headquartered in Vancouver, says many companies complaining about the changes were previously alleged to be greenwashing. They "made ambitious claims around climate and environmental action and have been accused of not following through on those things," said Hulse. That suggests, to him, that the "legislation is actually working.' 'Unintended consequence' But McCain says businesses have a legitimate concern that the legislation isn't written effectively. "This is a case of very good intentions in the underlying policy with a very grossly negative unintended consequence, which by definition makes it bad policy." The problem, he said, is requiring a company's claims to be backed up by "internationally recognized methodologies." There aren't enough internationally recognized organizations or standards, he said, or they are not "scientifically credible, in our judgment." WATCH | 'Greenwashing' allegations against Lululemon: Lululemon under investigation for 'greenwashing' products 1 year ago Duration 1:57 Canada's Competition Bureau has launched an investigation of Lululemon over allegations of deceptive marketing and 'greenwashing' its products by misleading consumers about its environmental practices. What about the standards for measuring emissions in agriculture? And for carbon offsets? McCain says those don't recognize the use of offsets in a way that's viable for Maple Leaf Foods. "We achieve carbon neutrality," he said, but "there's no body today that we know of that would certify that." He says it's "patently unreasonable" to expect a company to spend tens of millions of dollars on environmental works "and not be able to shout from the mountaintop the good things that we're doing." Fair playing field Emilia Belliveau, energy transition program manager for the advocacy group Environmental Defence in Vancouver, says there was good reason for keeping the language in the act flexible — keeping the law itself flexible as best practices change across various industries. Also, holding companies to internationally recognized methodologies prevents them from doing their own analyses "that can skew the data," she said. "It creates a fair playing field across companies so that we're measuring the same things, and we're able to make sure that the quality of the data, the evidence that's being used as proof for these green claims, holds up to rigour." Former MP Charlie Angus worked on a number of green initiatives over the years, and voted in favour of the changes. He stands by them. "You can't sell a car and say it's the safest on the road when you know there's serious problems with it. You can't sell cigarettes and say, the way they used to, 'This is the lighter brand of cigarettes,' when all cigarettes make you sick," he said. The changes "make sure that when companies are talking about net zero and reducing emissions, that they actually were telling the truth and not lying." The Competition Bureau released its final guidance on the anti-greenwashing legislation on June 5, which both corporations and some environmental groups had hoped would provide more specifics. the scientific method. They can also pay a $5,000 fee to seek an opinion from the bureau about any claim they intend to make — "a trivial amount" for a large corporation, he says.
