Maple Leaf Foods reports 13% growth in Q3

Reassessing plant protein investment
calendar icon 8 November 2021
clock icon 3 minute read
President and CEO of Maple Leaf Foods Michael H. McCain
Michael H. McCain, President and CEO of Maple Leaf Foods

"While our overall focus to create long-term value for all stakeholders remains unchanged, and investments to date have been well calculated, well executed and have delivered underlying value, we have always been prepared to re-examine that investment thesis if circumstances change," said Michael H. McCain, President and CEO of Maple Leaf Foods. "Given current category performance, such a review is underway which will either affirm or adjust our strategies and investment thesis going forward."

Factors that could have an impact on the business, which cannot be estimated or controlled due to the COVID-19 pandemic, include:

  • Volatility in the pork and poultry commodity and foreign exchange markets

  • Inflationary cost pressures

  • Disruptions in the global supply chain

  • Availability of labour

  • The balance between retail and foodservice demand

  • Potential future production disruptions or shutdowns

  • The duration of government measures, including social distancing

Melanie Epp

Melanie Epp is a freelance agricultural journalist from Ontario, Canada.

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