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Saputo Reports 108M-Dollar Gain in Third Quarter Fiscal 2022 Financial Report; Lino A. Saputo Discusses

Saputo Reports 108M-Dollar Gain in Third Quarter Fiscal 2022 Financial Report; Lino A. Saputo Discusses


MONTREAL, CANADA
Monday, February 14th, 2022

Wielding its industry prowess and company history, Saputo has rolled out its third quarter 2022 results for the period ending December 31, 2021 and have come out ahead despite ongoing inflation and supply chain challenges. With revenues hitting $3.06 billion, the company announced that it will continue to adjust its growth tactics to meet changing market conditions.

Lino A. Saputo, Chair of the Board, President, and Chief Executive Officer, Saputo“Throughout this past quarter, our teams demonstrated resiliency by continuously adapting to changing market conditions, maintaining a laser focus on the health and safety of our employees, and taking decisive actions in running our operations and serving our customers,” said Lino A. Saputo, Chair of the Board, President, and Chief Executive Officer. “In this dynamic environment, we will continue to actively monitor inflation and aggressively drive pricing initiatives while taking the necessary steps to improve productivity and customer fill rates.”

Other highlights from the report include:

  • Revenues amounted to $3.06 billion, up $108 million or 3.7 percent for the third quarter
  • Net earnings totaled $67.5 million for the three-month period ending December 31,2021
  • Revenues for the nine-month period ending December 31 were $8.6 billion, up from $8.52 billion for the same period last year

Saputo has rolled out its third quarter 2022 results for the period ending December 31, 2021, with revenues hitting $3.06 billion

To read the report in its entirety, click here.

As the market continues to fluctuate, how will Saputo rise to meet the challenges? Stick with Deli Market News to find out.

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