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Saputo was slow to increase cheese prices and was trying to absorb all the inflationary pressure on input cost.
They realized now inflation is not temporary and will catch up with inflation by the end of the next quarter.
Demand is strong for their products. Margin expansion therefore higher EPS are coming.
Good luck to all. Easy money here.
Saputo reports $342M third-quarter profit, revenue boosted by acquisitions https://ca.finance.yahoo.com/news/saputo-reports-342m-third-quarter-173839405.html