$SAP.TO

3 stories mentioning SAP.TOUpdated 1h ago

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Saputo Completes Sale of 80% of Argentine Dairy Division For $543 Million

Saputo (SAP.TO) on Thursday said it completed the sale of an 80% interest in its Dairy Division (Argentina) to Gloria Foods.Saputo received $543 million in net proceeds, and continues to retain a 20% ownership interest in the business, it added in a statement.The Argentina platform will continue to manufacture select products for Saputo.Saputo shares were last seen up $0.56 to $41.13 on the Toronto Stock Exchange.Price: $41.15, Change: $+0.58, Percent Change: +1.43%

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Mining & Metals14d ago

Saputo Reports Higher Profit, Lower Revenue for Fiscal Fourth Quarter

Saputo (SAP.TO) after trade Thursday said its fiscal fourth-quarter profit rose while revenue declined year-over-year.The dairy-products company earned $102 million, or $0.25 per share, in the period, up from $74 million, or $0.18, a year ago. FactSet expected $0.39 per share.Revenue from continuing operations fell to $4.17 billion from $4.41 billion in the year-ago quarter. FactSet projected $4.35 billion. The company said the decline was driven by lower US dairy commodity market pricing."The operating environment continues to be shaped by macroeconomic and geopolitical uncertainty, including inflationary pressures, volatile consumer sentiment, tariff uncertainty, and ongoing geopolitical conflicts, particularly in the Middle East, which continue to influence input costs, energy prices, supply chains, and end-market demand across regions," the company said in terms of fiscal year 2027 outlook.

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Mining & Metals21d ago

CIBC Confirms Outperformer Rating and Target of $47.00 on Saputo Ahead of Q4 Results

CIBC Capital Markets maintained its outperformer rating on the shares of Saputo (SAP.TO) and its C$47.00 price target ahead of the dairy-product company reporting its fiscal fourth-quarter financial results.The bank continues to see the underlying fundamentals in the U.S. business as "healthy," particularly as demand for powders and by-products grow, and exports climb, it said. For Canada, it expects volume strength to drive revenue growth.CIBC expects a "strong" quarter in the U.K. with EBITDA and sales growth year-over-year, while it forecast "more neutral" year-over-year performance in Australia, with seasonality driving lower milk volumes than in Q3 of fiscal 2026. It also said that it is "comfortable looking further ahead" than is its custom given the noise of the Argentina divestment and balance sheet flexibility that will come with the proceeds."While fundamentals remain solid across geographies, commodity volatility in the U.S. - particularly for butter - is expected to weigh on margins, along with some additional cost pressures," said analyst Mark Petrie. "Divesting Argentina is a positive step, and a potential catalyst for increased share buybacks."Price: $41.45, Change: $-0.10, Percent Change: -0.24%

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