Dairy giant lowers earnings forecast for 2025

In first-quarter financial results released after markets closed Aug. 10, the dairy giant said it no longer expects to achieve its annual goal of $2.13 billion in earnings before interest, taxation, depreciation and amortization by March 2025.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Subscribe now to read the latest news in your city and across Canada.Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Create an account or sign in to continue with your reading experience.Share your thoughts and join the conversation in the comments.Don't have an account?

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saputo Delays $2.1 Billion Profit Target Due to Market UncertaintySaputo, a leading dairy company, has announced that it is delaying its target of achieving $2.1 billion in profit before interest, taxation, depreciation, and amortization by March 2025. The CEO, Lino Saputo, cited the unpredictability of the market in terms of price and consumer confidence as the reason for the delay. Despite this setback, Saputo remains confident in their plan and ability to carry out their projects effectively. Analysts have expressed hope for the company, as dairy markets have strengthened in the second quarter and the impact of adverse market conditions on profitability was less than anticipated.
Source: globeandmail - 🏆 5. / 92 Read more »