TSX:SAPFood
Is Saputo’s (TSX:SAP) Aggressive Buyback a Sign of Management Confidence or Strategic Caution?
Saputo Inc. recently announced its first quarter results for 2025, reporting C$4.63 billion in revenue and C$165 million in net income, with adjusted earnings per share of C$0.44 exceeding consensus forecasts despite sales being slightly below estimates.
An interesting aspect is that Saputo completed a repurchase of 11.95 million shares during the same period, reflecting substantial buyback activity and potential management confidence.
Given the earnings beat alongside softer revenue, we'll...