Saputo withdraws EBITDA guidance amid ‘depressed’ commodity markets, inflationary pressures
Saputo Inc has withdrawn its long-term adjusted EBITDA aspirations as the company continues to grapple with ‘depressed dairy commodity markets, inflationary pressure, and a challenging consumer spending environment’. The company previously aimed for a long-term target leverage of around 2.25 times net debt to adjusted EBITDA. Adjusted EBITDA is defined as net earnings (loss) before
