April 29 (Reuters) - Maple Leaf Foods Inc MFI.TO :
* MAPLE LEAF FOODS REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS
* Q1 LOSS PER SHARE C$0.03
* Q1 EARNINGS PER SHARE ESTIMATE C$0.16 -- REFINITIV IBES DATA
* SALES FOR Q1 OF 2020 WERE $1,022.8 MILLION COMPARED TO $907.1 MILLION LAST YEAR
* QTRLY ADJUSTED EARNINGS PER SHARE $0.21
* IN Q2 OF 2020, EXPECTS STRONG PORK DEMAND FROM ASIAN MARKETS
* IN Q2 OF 2020, EXPECTS STRONG DEMAND FROM RETAIL CHANNEL AND LOWER SALES IN FOODSERVICE CHANNEL
* IN Q2 OF 2020, EXPECTS CONTINUED TRACTION IN PLANT PROTEIN, BENEFITING FROM GROWTH IN BOTH INNOVATION AND LEGACY PRODUCTS
* ESTIMATES CAPITAL EXPENDITURES FOR 2020 WILL BE AT LEAST $50.0 MILLION BELOW PREVIOUSLY STATED RANGE OF $650.0 MILLION TO $700.0 MILLION
* WHILE SHORT-TERM IMPACT OF COVID-19 MAY BE DYNAMIC, MAPLE LEAF FOODS' PURPOSE AND LONG-TERM STRATEGY REMAIN UNCHANGED