News Formal

Saputo's shares down as company forecasts 'temporary' consumer demand slowdown - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Shares in Saputo Inc. was down more than 10 per cent in afternoon trading Friday as the company's chief executive cautioned negative consumer sentiment could dampen the outlook for the start of its 2024 fiscal year.

Speaking to analysts about the Montreal-based dairy company's fourth-quarter results, president and chief executive Lino A. Saputo said he felt confident about delivering on the company's promises in the year ahead, but warned that it could face rough waters early on.

"We believe that this is a temporary situation, that consumer demand, not just domestically but globally, will return and once it does return we will have the infrastructure to be able to derive the value that we had originally anticipated," he said. RBC Dominion Securities analyst Irene Nattel said despite"encouraging signs" in the results, extreme dairy market volatility since the start of the company's 2024 first quarter"gives us pause."

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 83. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Saputo says earnings rose in fourth quarter, financial year - BNN BloombergSaputo Inc. says its net earnings for the fourth quarter were $159 million, up from $37 million a year earlier.
출처: BNNBloomberg - 🏆 83. / 50 더 많은 것을 읽으십시오 »