In reporting its third quarter results, the poultry producer increased sales of 2.4%.

“Our third-quarter results reflect disciplined execution of our strategy. We delivered our eighth consecutive quarter of year-over-year revenue growth. Sales increased 2.4%, Adjusted EBITDA grew 15.4% to $129 million, and Adjusted EBITDA margin expanded 140 basis points to 12.5%,” said Curtis Frank, President and Chief Executive Officer of Maple Leaf Foods. “Branded sales and volume growth in Prepared Foods were strong, and a favourable sales mix and cost management improved profitability. We generated $175 million in free cash flow, further strengthening our balance sheet and giving us significant financial flexibility.”

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