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%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

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."

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 83. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »