Maple Leaf Foods Q1 revenue rises 6.2%, beating estimates
Sales hit $963m as poultry leads growth with an 11.7% jump
8 May 2026
1 minute read
By: Canada's Maple Leaf Foods Q1 revenue was up 6.2%, slightly beating estimates, according to a company-issued press release. Sales were $963 million compared to $907 million for the same period last year.
Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) grew to $122 million, a 5.7% increase from the same period last year. Earnings before taxes were $64 million compared to $24 million last year. Earnings from continuing operations were $46 million last year.
"Our first quarter results reflect the disciplined execution of our strategic blueprint across the business," said Curtis Frank, president and CEO of Maple Leaf Foods. "We delivered 6% year-over-year revenue growth, the sequential margin recovery we expected, and higher Adjusted EBITDA, driven by operating efficiency, favourable mix, and disciplined cost management, while generating strong Free Cash Flow."
"Our transformation into a purpose-driven, protein-focused, brand-led CPG company is delivering tangible results," he aded. "With leading brands, scalable growth platforms, and initiatives like Fuel for Growth strengthening our cost structure, we are on track to deliver our 2026 outlook of mid-single-digit revenue growth, continued margin expansion and disciplined capital allocation."
The company said poultry sales rose 11.7% on improved channel mix, higher retail and foodservice volumes, and pricing, partly offset by increased trade promotion spending.
