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  "documentTitle": "Saputo Inc. (TSX:SAP)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2022-11-29 00:00:00",
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      "text": "Europe is under persistent pressure with the tone clearly more negative over each successive quarter. In Q2 2023, Saputo added a new warning about its negative outlook in Europe while volumes decreased as prices increased.",
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      "text": "We anticipate that input and logistics costs... We will implement further price increases... Labour initiatives... We expect the Europe Sector to continue to be negatively impacted...",
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      "text": "Sales volumes decreased due to the added pressure on the retail market segment from inflation-driven pricing actions. Sales volumes also decreased in the industrial market segment, mainly in the dairy ingredients category. — Saputo reports (Q2 2023)",
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      "text": "Further Pressures Expected In Europe",
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