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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 Inc. (NASDAQ:STKL) will release its financial results for Q1 2023 on May 10, 2023, after market close. A conference call to discuss these results and recent developments will be held at 5:30 p.m. Eastern Time. Interested investors can access the live webcast via the Company’s website or directly here. The call will also include a question-and-answer session. The Company focuses on sustainable, plant-based and fruit-based foods and beverages, operating nearly 50 years in the industry. SunOpta produces both its own brands and private label products.
SunOpta Inc. (NASDAQ: STKL) announced the appointment of Diego Reynoso to its Board of Directors, adding expertise in finance and operations from the food and spirits industry. Reynoso, who has over 25 years of experience, currently serves as CFO of Tyson Foods' Prepared Foods division and previously led Constellation Brands' $5 billion beer division. The Board is confident that his background in sustainability and innovation will enhance the company's growth strategy in the plant-based foods sector. With this addition, SunOpta's Board now consists of eight members.
SunOpta Inc. (NASDAQ:STKL) has announced an analyst and investor meeting at its new plant-based beverage facility in Midlothian, Texas, scheduled for April 11, 2023, at 11:00 a.m. Eastern Time. The event will feature a live webcast available on the company's website under 'Investor Relations', with a replay accessible for 90 days. Due to capacity limitations, in-person attendance is restricted, and interested parties should contact investors@sunopta.com for invitations. SunOpta is a pioneer in sustainable plant-based and fruit-based food products.
SunOpta Inc. (Nasdaq:STKL) reported a 4Q 2022 revenue increase of 8.4% to $221.3 million, driven by 10.8% growth in plant-based products and 4.5% in fruit-based products. Notably, excluding the divested sunflower business, plant-based revenue surged by 23.5%. Consolidated gross profit rose 56.4% to $28.2 million, with adjusted EBITDA skyrocketing 122.7% to $23.5 million. The net loss from continuing operations shrank to $0.9 million from $6.1 million a year ago. For 2023, revenue is projected between $1,000 and $1,050 million, suggesting a growth rate of 7% to 12%.
SunOpta Inc. (NASDAQ:STKL) has announced that it will release its financial results for Q4 and the full year 2022 after market close on March 1, 2023. A conference call will be held at 5:30 PM ET the same day to discuss the results and corporate developments, with a live webcast available on their website. SunOpta is recognized as a leader in sustainable plant-based and fruit-based food and beverages, providing natural, organic products for retail and foodservice channels. The call will include a question-and-answer session for investors.
SunOpta (NASDAQ: STKL) has announced the opening of a new plant-based beverage facility in Midlothian, Texas, creating up to 175 jobs. This facility will produce plant-based milks and creamers, with the company aiming to double its plant-based business by 2025 compared to 2020. SunOpta has invested nearly $200 million in production capacity over the past three years. The plant, designed with sustainability in mind, is expected to reduce carbon emissions significantly and conserve water. The facility, covering 285,000 square feet, has potential for future expansion to 400,000 square feet, positioning it as the largest in SunOpta's portfolio.
SunOpta Inc. (NASDAQ: STKL) announced participation in the 25th Annual ICR Conference from January 9-11, 2023, in Orlando, FL. CEO Joseph Ennen and CFO Scott Huckins will engage with investors and partake in a fireside chat on January 9, 2023, at 2:00 p.m. ET. A live webcast of their presentation will be available on the company's website, with a replay accessible for 30 days post-event. SunOpta specializes in sustainable, plant-based, and fruit-based food and beverages, manufacturing for various brands, including SOWN™ and Dream™.
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