Saputo’s Q2 Results Benefit From Ingredient Pricing, Analyst Says
National Bank of Canada analyst Vishal Shreedhar says elevated ingredient pricing helped Saputo’s better-than-expected second-quarter results but may be difficult to sustain. The quarter also saw growth in high-protein ingredients and productivity gains.
Saputo's better-than-expected results in the second quarter were buoyed by elevated ingredient pricing that is historically cyclical and might be difficult to sustain, National Bank of Canada's Vishal Shreedhar says. The quarter was marked by growth in high-protein ingredients, productivity gains a…