Sunopta Inc Stock Price, News & Analysis

SunOpta (Nasdaq: STKL, TSX: SOY), a sustainable food manufacturer, has announced its participation in the 2025 ICR Conference taking place January 13-15, 2025, in Orlando, Florida. The company will engage with investors and conduct a fireside chat on Monday, January 13, 2025, at 9:30 a.m. Eastern Time.

Investors can access the live webcast through SunOpta's website under the 'Investor Relations' section. A replay of the presentation will be available for approximately 30 days following the event on the company's website.

SunOpta (STKL) has announced the launch of its SOWN® Oat Cold Foaming Cream on Amazon and at Sprouts Farmers Market stores nationwide. The vanilla-flavored, plant-based product allows consumers to create barista-quality cold foam at home in 30 seconds.

The product is available in 32-fluid-ounce cartons in the refrigerated creamer section at Sprouts and Whole Foods Market stores, and as a 3-pack on Amazon. The cream is Non-GMO Project Certified, Gluten Free Certified and Kosher Certified. The packaging features 70% renewable plant-based materials, aligning with the company's sustainability focus.

SunOpta (STKL) reported Q3 2024 financial results with revenue increasing 15.5% to $176.2 million, driven by 20.6% volume growth. The company posted a loss from continuing operations of $5.5 million, slightly improved from a $5.7 million loss in the prior year. Adjusted EBITDA from continuing operations rose 12.6% to $21.5 million. Gross profit increased 16.4% to $23.6 million, with adjusted gross margin improving to 17%. The company reaffirmed its 2024 outlook, expecting revenue of $710-730 million and adjusted EBITDA of $88-92 million.

SunOpta (Nasdaq:STKL, TSX:SOY), a sustainable food manufacturer, has announced its participation in the Stephens Annual Investment Conference scheduled for November 19-21, 2024, in Nashville. The company will engage with investors and conduct a fireside chat on November 19, 2024, at 10:00 a.m. Eastern Time. Investors can access the live webcast through SunOpta's website under the 'Investor Relations' section, with a replay available for approximately 30 days after the event.

SunOpta Inc. (Nasdaq:STKL, TSX:SOY), a leader in innovative and sustainable food manufacturing, has announced its schedule for the release of third quarter 2024 financial results. The company will disclose its financial performance for the quarter ending September 28, 2024, after market close on Tuesday, November 5, 2024.

Following the release, SunOpta will host a conference call at 5:30 p.m. Eastern Time to discuss the results and recent corporate developments. Investors can access the live webcast through the company's website at www.sunopta.com under the 'Investor Relations' section. For those unable to attend, a replay will be available on the website for approximately 90 days. The call can also be accessed via toll-free dial-in at (888) 440-4182 or international dial-in at (646) 960-0653 using Conference ID: 8338433.

SunOpta Inc. (Nasdaq:STKL) (TSX:SOY) has announced a significant expansion of its Dream Oatmilk Barista product. In January 2025, the oatmilk will be available in an additional 6,700 stores across North America through a partnership with a large coffee chain. This expansion will utilize the oat extraction capacity from SunOpta's Modesto, California investment announced in June 2024 and expand utilization of its manufacturing facility in Midlothian, Texas.

CEO Brian Kocher emphasized the company's commitment to providing delicious plant-based alternatives while focusing on sustainability. SunOpta aims to reduce water usage, packaging waste, and carbon emissions through its nationwide manufacturing network and recyclable packaging formats. The plant-based milk market is expected to grow significantly, with oatmilk becoming the second most popular plant-based beverage option.

SunOpta Inc. (Nasdaq:STKL) (TSX:SOY) has appointed David (Dave) Lemmon to its Board of Directors. Lemmon, with over 25 years of experience in business expansion and revenue growth, will also serve on the Compensation and Corporate Governance Committees. He is currently the CEO of Hunter Amenities International and previously held key leadership roles at The J.M. Smucker Company.

Leslie Starr, Chair of the SunOpta Board, expressed enthusiasm for Lemmon's addition, citing his expertise in driving business growth and transformation. The announcement also noted the departure of Kathy Houde from the Board after 24 years of service, acknowledging her significant contributions to SunOpta's growth and transformation.

SunOpta (Nasdaq:STKL) (TSX:SOY) has expanded its SOWN brand with the introduction of Oat Cold Foaming Cream, now available at select Whole Foods Market stores nationwide. This plant-based, vanilla-flavored cold foam offers a convenient way to recreate barista-quality cold foam at home. The product is Non-GMO Project Certified, Gluten Free Certified, and Kosher Certified.

SOWN Oat Cold Foaming Cream is designed to sit atop cold brew or iced coffee after 30 seconds of frothing. Priced at $6.99 for 32-fluid-ounce cartons, it aims to capitalize on the growing popularity of cold foam add-ons in coffee shops. The product aligns with SunOpta's focus on innovative, sustainable food manufacturing and expands its portfolio of plant-based beverages and snacks.

SunOpta Inc. (Nasdaq:STKL) (TSX:SOY) reported strong Q2 2024 financial results, with revenue from continuing operations increasing 21% to $171 million, driven by 26.9% volume growth. The company experienced a loss from continuing operations of $3.8 million, an improvement from $11.7 million loss in the prior year. Adjusted EBITDA from continuing operations increased 12% to $20.6 million.

Key highlights include:

• Gross profit increased 17.3% to $21.8 million
• Adjusted earnings from continuing operations was $2.8 million
• Operating income improved to $2.6 million

SunOpta raised its 2024 revenue outlook to $710-730 million, expecting 13-16% growth. The company maintains its adjusted EBITDA guidance at $88-92 million, projecting 12-17% growth.