Saputo Inc. sees earnings double in third quarter amid higher prices

Saputo says the uptick in revenues reflects pricing initiatives across all its sectors, higher prices in the U.S. sector, and higher international dairy prices.

The company says its earnings were negatively impacted by restructuring costs of $27 million as part of its previously announced consolidation initiatives. The company recently announced major changes to its operations, including permanently closing three facilities in the U.S., building a new packaging facility and expanding its string cheese operations.

Because cheese is not expensive enough…

But Covid

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