Canada Packers reports Q1 earnings of $43.8M as sales fell

The site of the former Canada Packers plant on June 25, 2024. (Jeff Keele/CTV News Winnipeg)

MISSISSAUGA — Canada Packers Inc. reported a first-quarter profit of $43.8 million, compared with $34.1 million in the same quarter a year ago.

The company says the profit amounted to $1.46 per diluted share for the quarter ended March 28, compared with $1.15 per diluted share in the first quarter of 2025.

Sales totalled $428.3 million, down from $452 million a year earlier.

On an adjusted basis, Canada Packers says it earned 54 cents per share in its latest quarter, down from an adjusted profit of 89 cents per share a year earlier.

Chief executive Dennis Organ says the company’s strong operating performance helped offset year-over-year currency headwinds.

Canada Packers is the pork operations of Maple Leaf Foods Inc. that was spun off into a new stand-alone company in October 2025.

This report by The Canadian Press was first published April 30, 2026.