Saputo Q2 revenue edges higher but misses estimates
Earnings rise 15.7% as cost controls, strong operations boost margins
Canada's Saputo Inc. reported a slight year-over-year revenue increase of 0.3% in its fiscal second quarter, reaching C$4.72 billion, below analysts’ expectations of C$4.82 billion, according to Reuters.
Adjusted EBITDA rose 15.7% to C$450 million, reflecting strong operational performance, while net earnings increased, supported by hyperinflation gains and lower charges.
Chief executive officer Carl Colizza said the company’s results were driven by strong brand activation, innovation launches, new customer wins, and ongoing cost optimisation initiatives.
Favourable international cheese and dairy ingredient prices also supported performance.
Looking ahead, Saputo said it aims to maximise returns on recent investments and strengthen its commercial strategy.