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  5. MFI: Hi Peter Can you comment on MFI quarterly results. [Maple Leaf Foods Inc.]
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Q: Hi Peter

Can you comment on MFI quarterly results. The YoY comparison does not look good, still the stock popped by over 7%

BTW, one of the team members has set a very large font. Their answers, appears really big...

Thanks

Asked by Greyhair on August 09, 2021
5i Research Answer:

While YoY comparisons were not so great, EPS of 28 cents was 22% ahead of estimates. Sales of $1.15B wew 1% better. Meat group targets were unchanged, but plant group sales growth is expected to be at least 30% in the second half of 2021. MFI says it expect margins to 'fully recover' in the 3Q.

The font typically relates to copied text and we have spoken to staff on this.