Welcome to our dedicated page for SunOpta news (Ticker: STKL), a resource for investors and traders seeking the latest updates and insights on SunOpta stock.
SunOpta, Inc. (Nasdaq: STKL) is a pioneering global supplier of organic ingredients, innovative product developer for brand owners, and a trusted packager of healthy and organic food. Headquartered in the U.S., SunOpta seamlessly integrates its operations from seed to packaged product, ensuring the highest quality and sustainability standards. With a workforce of approximately 1,800 employees worldwide, SunOpta offers three core consumer packaged goods platforms: Healthy Fruit, Healthy Beverages, and Healthy Snacks, all supported by an extensive global sourcing and supply infrastructure.
SunOpta specializes in the sourcing, processing, and manufacturing of organic and non-GMO food products. Their product portfolio encompasses plant-based beverages such as oat, almond, soy, coconut, and rice milks, and creamers. These beverages are known for their lower carbon emissions and water usage compared to traditional dairy options. Besides beverages, the company offers protein shakes, teas, broths, and fruit snacks under both private labels and their proprietary brands, including SOWN®, Dream®, and West Life™.
SunOpta has recently made significant strides in the industry. On October 13, 2023, the company announced the sale of certain assets of its frozen fruit operations, Sunrise Growers, to Nature's Touch. This strategic move allows SunOpta to focus more on its core competencies in the organic and non-GMO food sectors while aiding Nature's Touch in expanding its frozen food offerings across North America. This acquisition is aligned with SunOpta's commitment to sustainability and innovation, enhancing its ability to deliver high-quality, affordable food products globally.
Throughout its history, SunOpta has consistently evolved, maintaining a robust commitment to environmental responsibility and healthy food production. The company continues to focus on building a profitable and sustainable business model, aiming to lead the market in organic and non-GMO specialties. For more information, visit their website or follow them on LinkedIn and Twitter.
SunOpta (Nasdaq: STKL) has announced that its SOWN® Organic Oat Creamers will be available at Lunds & Byerlys grocery stores in Minnesota starting in July. The upscale retailer will stock four flavors: Unsweetened, Vanilla, Sweet & Creamy, and Brown Sugar, priced at $6.49 each. SOWN's creamers are USDA-certified organic, Non-GMO Project verified, gluten-free, kosher, and vegan. This expansion aims to enhance coffee experiences with plant-based options. SunOpta focuses on crafting organic, plant-based beverages and snacks, driving growth for leading brands.
SunOpta (Nasdaq: STKL) has completed a $26 million expansion at its Modesto, California facility, the company's second largest capital project. The expansion boosts oatmilk production by over 60%, meeting increased demand. The Modesto plant now spans 167,684 square feet and added 17 new jobs, bringing total local employment to 208. The facility's new oat extraction production line uses proprietary enzymatic processes and reduces freight miles by nearly 800,000 yearly, aligning with SunOpta's sustainability efforts. This investment is part of a broader strategy to scale production and reduce carbon emissions.
SunOpta Inc. (Nasdaq: STKL) held its annual meeting on May 23, 2024, where new directors were elected. Leslie Starr was appointed as the new Independent Board Chair, succeeding Dean Hollis. Starr has been with the board since 2019 and is expected to drive SunOpta's growth and strategic initiatives. The detailed voting results showed strong support for the nominees, with most receiving above 95% favorability. Dean Hollis will continue to serve as a director.
SunOpta Inc. announced its participation in two upcoming investor conferences, the BMO Global Farm to Market Conference and William Blair's Annual Growth Stock Conference. The Company will meet with investors, participate in fireside chats, and host presentations at the events. Live webcasts will be available on the Investor Relations section of SunOpta's website, with replays accessible for thirty days after each conference.
SunOpta Inc. reported a strong performance in the first quarter of fiscal 2024 with revenue increasing by 18% to $182.8 million, driven by volume growth. Earnings from continuing operations were $3.8 million compared to a loss of $2.8 million in the previous year. Adjusted EBITDA from continuing operations rose by 21% to $22.6 million. The company is optimistic about its 2024 outlook based on revenue growth and operational improvements.
SunOpta, a sustainable food manufacturer, releases its 2023 Environmental, Social and Governance Report, highlighting key achievements in sustainability efforts. The report outlines progress in reducing carbon emissions, water conservation, waste management, and innovative product development.
FAQ
What is the current stock price of SunOpta (STKL)?
What is the market cap of SunOpta (STKL)?
What does SunOpta, Inc. specialize in?
What are the core product platforms of SunOpta?
What are some of SunOpta’s proprietary brands?
How does SunOpta ensure sustainability?
How many employees does SunOpta have?
What recent strategic move did SunOpta make?
Why is SunOpta significant in the food industry?
Where is SunOpta headquartered?
What environmental benefits do SunOpta's plant-based beverages offer?
Where can I find more information about SunOpta?
