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Saputo says price war hurt Canadian profits | Canadian Grocer

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Posted in February
By Ross Marowits/Canadian Press

A year-long price war led by its two large Canadian rivals has benefited consumers, but hurt Saputo Inc.’s profitability, the cheese and dairy processor says.

“You’ve got Canada that is a very stable market, very little growth and the only way our competitors are able to pick up market share is to steal that volume from someone else,” CEO Lino Saputo Jr. said Thursday after releasing the company’s third-quarter results.

http://www.canadiangrocer.com/top-stories/saputo-says-price-war-hurt-its-canadian-profits-49296
 

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