Saputo Inc. Q4 net earnings decreased to $92m due to commodity price volatility, inflation, and consumer challenges.
Saputo Inc. reported a Q4 net earnings of $92m, a decrease from $159m the previous year. Revenue for the quarter ending March 31 was $4.55bn, up slightly from $4.47bn in the same quarter last year. Diluted earnings per share were 22 cents, down from 38 cents a year earlier. The Montreal-based dairy processor attributed the decrease to commodity price volatility, a challenged consumer, and ongoing inflationary pressures.
June 06, 2024
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