Canada Packers reports Q2 loss of $28.4M as sales fell

MISSISSAUGA — Canada Packers Inc. reported a second-quarter loss of $28.4 million, compared with a profit of $23.4 million in the same quarter a year ago.

The company says the loss amounted to 95 cents per diluted share for the quarter ended June 27, compared with a profit of 79 cents per diluted share in the second quarter of 2025.

Sales totalled $431.7 million, down from $473.2 million a year earlier.

On an adjusted basis, Canada Packers says it earned 34 cents per share in its latest quarter, down from an adjusted profit of 93 cents per share a year earlier.

The company says a drop in sales is primarily because of lower pork cutout and unfavourable currency due to a weaker Japanese yen.

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 Aug. 5, 2026.