The acquisition of US speciality cheese maker DCI Cheese Co. and higher cheese prices south of the border have boosted Canadian dairy giant Saputo’s first-quarter results.

Saputo yesterday (2 August) reported a 13.3% increase in net earnings to C$126.6m (US$131.9m) for the three months to the end of June.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The company’s EBITDA was up 9.6% at C$209.6m and its sales climbed 14.1% to C$1.64bn.

Saputo said an increase in the average block market price for cheese in the US and the purchase of DCI in February were factors in the increase in sales and EBITDA.

Earnings from Saputo’s operations in Canada, Europe and Argentina also increased due to lower costs and “favourable dairy ingredient market conditions”.

Click here for the full statement from Saputo.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact