Just noticed Maple Leaf Foods posted solid Q4 results. Net earnings hit C$391 million with EPS at C$3.14, which is a massive jump from last year's C$54 million. The adjusted EBITDA came in at C$117 million, up 8.3% year-over-year, and they managed to grow sales to C$991 million from C$917 million.



What caught my eye is the adjusted EPS more than doubled to C$0.32 from C$0.18. Revenue growth of 8.1% isn't crazy but solid for a food company in this environment. For next year, management is guiding for mid-single-digit revenue growth with adjusted EBITDA expected around C$520-540 million range.

Shares of Maple Leaf were down 0.63% at last close, trading around C$26.81. Interesting that the stock dipped despite the strong earnings beat. Could be profit-taking or market digesting the forward guidance. Worth keeping an eye on this one if you're looking at defensive consumer stocks.
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