Saputo (SAP.TO) Reports Q3 Profit Surge Amid Lower Textile Costs

Saputo (SAP.TO) reported a 23% year-over-year increase in third-quarter net profit to C$194.6 million, driven by lower textile and supply chain costs and strong pricing in key markets. The company attributed the improvement to operational efficiencies and favorable pricing in North America and Europe. Revenue for the quarter rose 6% to C$1.12 billion, reflecting higher demand in its food and fiber segments. The results reflect continued momentum in its strategy to optimize production and reduce input costs.