Maple Leaf Foods (TSE:MFI) Full Year 2024 Results
Key Financial Results
- Revenue: CA$4.90b (up 1.1% from FY 2023).
- Net income: CA$96.6m (up from CA$125.0m loss in FY 2023).
- Profit margin: 2.0% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
- EPS: CA$0.79 (up from CA$1.03 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Maple Leaf Foods EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 65%.
The primary driver behind last 12 months revenue was the Canada segment contributing a total revenue of CA$3.62b (74% of total revenue). Notably, cost of sales worth CA$4.12b amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CA$437.1m (64% of total expenses). Explore how MFI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Food industry in Canada.
Performance of the Canadian Food industry.
The company's shares are up 14% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Maple Leaf Foods (2 are significant) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:MFI
Maple Leaf Foods
Produces food products in Canada, the United States, Japan, China, and internationally.
Average dividend payer and fair value.
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