SunOpta, Inc. - STKL STOCK NEWS

SunOpta reported first-quarter 2022 revenue of $240.2 million, a 15.7% increase from the previous year, driven by 13.4% growth in plant-based foods and 18.7% in fruit-based foods. Gross profit reached $28.0 million, but gross margin decreased to 11.7% due to inflationary pressures. Adjusted EBITDA was $15.6 million, down 14.7% year-over-year. Despite challenges, the company is on track with major capacity expansion projects and reaffirms its 2022 revenue outlook of $890 million to $930 million. Net earnings were $0.7 million, down from $1.7 million in the prior year.

SunOpta (NASDAQ: STKL) announced it will release its financial results for Q1 2022 on May 11, 2022, after market close. A conference call will follow at 5:00 PM ET to discuss the results and corporate developments. Investors can access the live webcast via the company’s website or by phone using Conference ID: 8338433. With nearly 50 years in the market, SunOpta focuses on sustainable plant-based and fruit-based food and beverages, producing organic products under its own brands and for retail and foodservice channels.

SunOpta (NASDAQ: STKL) reported significant strides in sustainability, aiming to double its plant-based business by 2025. Key achievements include zero waste to landfill at three facilities and a commitment to reduce electricity by 40%, natural gas by 30%, and water use by 25% over eight years. The 2021 Environmental, Social and Governance (ESG) Report highlights progress in product diversity, including 300 organic products, and a focus on environmental stewardship with 97.7% recyclable packaging. The company aims for a 45% representation of female leaders by 2025, emphasizing diversity and accountability in governance.

SunOpta has unveiled a new 65,000-square-foot headquarters in Eden Prairie, Minn., aimed at fostering innovation and sustainability. This facility is designed to double the company’s plant-based business by 2025, having already added over $100 million in the last two years. The eco-friendly center includes a pilot plant, R&D space, and significant green features like solar panels and renewable materials. CEO Joe Ennen emphasizes that this move supports continued growth by enhancing collaboration and attracting top talent.

SunOpta (NASDAQ:STKL) will host its Investor Day on June 2, 2022, from 9:00 AM to 12:00 PM CT in Eden Prairie, Minnesota. The management team will discuss the company's strategy to enhance growth and profitability in the sustainable, plant-based food sector. Key presenters include CEO Joe Ennen and CFO Scott Huckins. The event will take place at the new innovation center located at 7078 Shady Oak Road. Interested investors can access a live webcast via SunOpta's website, with an archived replay available for 90 days.

SunOpta (NASDAQ: STKL) has launched OatGold™, a nutrient-rich oat protein powder, now Upcycled Certified™, which is designed for baked goods and snacks. This product, made from byproducts of oatmilk production, boasts three times the protein of oat flour and is rich in fiber. OatGold is vegan, Non-GMO, gluten-free, and allergen-friendly. SunOpta aims to double its plant-based business and has experienced 100% growth in oat production over the last year. The company will showcase OatGold at the Natural Products Expo West from March 10-12.

SunOpta reported Q4 2021 revenues of $204.2 million, down 0.6%, with plant-based revenue increasing 5.8% but fruit-based revenue declining 9.4%. Gross margin decreased to 9.0% from 15.5% due to production and labor challenges. The company recorded a loss of $1.9 million from continuing operations, significantly improved from $34.3 million last year. Adjusted EBITDA fell 48.2% to $10.7 million. For FY 2022, SunOpta forecasts revenue between $890 million and $930 million and adjusted EBITDA between $67 million and $75 million, signaling optimism for recovery in profitability.

SunOpta Inc. (NASDAQ:STKL) will release its financial results for Q4 and the full year 2021 before the market opens on February 24, 2022. Following this, a conference call is scheduled for 8:30 AM Eastern Time to discuss the results and recent developments, with a Q&A session afterwards. Investors can access the live webcast via the company's website or through the provided dial-in numbers. SunOpta is known for its focus on plant-based and fruit-based food and beverage products.

SunOpta (STKL) reported Q3 2021 revenue of $198.5 million, marking a 3.6% increase, driven by a 16.0% rise in plant-based foods, which generated $114.9 million. The company experienced a loss of $3.0 million from continuing operations, an improvement from $3.9 million in Q3 2020. Adjusted EBITDA increased by 8.4% to $15.6 million. Gross margin declined to 11.8% due to supply chain challenges and rising costs. The long-term outlook remains positive for double-digit growth in plant-based revenue, despite short-term supply chain headwinds.