Sunopta Inc Stock Price, News & Analysis

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™.

West Life™, formerly Westsoy, introduces a new line of 16g Protein Smoothie Blends available nationwide. These blends, offered in Chocolate and Unsweetened Plain, contain 16 grams of complete protein from soy and nine essential amino acids. Priced at $5.69 per 32-fluid ounce container, they are dairy-free, Non-GMO Project Verified, and certified gluten-free. This product supports SunOpta's mission of sustainable, plant-based nutrition, appealing to consumers seeking nutritious, versatile options.

SunOpta has launched its Dream Organic Ricemilk in 'Whole' and '2% Fat' varieties, available nationwide at major retailers like Whole Foods, Walmart, and Amazon. The products are certified organic, Non-GMO, lactose-free, and gluten-free, appealing to consumers with dietary restrictions. Each variety is enriched with essential nutrients found in dairy. SunOpta emphasizes its commitment to sustainability, aligning with its values of environmentally friendly sourcing and production. The suggested retail price is $4.29 for a 32-ounce container.

SunOpta Inc. (Nasdaq:STKL) announced the resignation of Ken Kempf from its Board of Directors, effective December 30, 2022, to pursue other business investments. Kempf, who joined the Board in June 2020, was instrumental in providing insights and served on the Audit and Compensation Committees. Board Chair Dean Hollis expressed gratitude for Kempf's contributions, while Engaged Capital's Glenn Welling reiterated their commitment as significant shareholders and confidence in SunOpta's growth potential. Engaged Capital has supported SunOpta for six years, aiding in its strategic positioning.

SunOpta reported a 15.7% revenue growth in Q3 2022, achieving $229.7 million in total revenues. The growth stemmed from 19.9% increase in plant-based products and 10.0% in fruit-based offerings. Gross margin expanded by 190 basis points to 13.7%. However, the company faced a net loss of $12.6 million, compared to a loss of $3.0 million in the prior year. Adjusted EBITDA rose 41.7% to $22.1 million. SunOpta has raised its fiscal 2022 outlook, projecting revenues of $923 - 943 million and adjusted EBITDA of $76 - 80 million.

SunOpta Inc. (NASDAQ:STKL) will announce its third-quarter 2022 financial results on November 9, 2022, after market close. A conference call to discuss the results will follow at 5:30 PM Eastern Time. Investors can join the live webcast via SunOpta's website or dial in at toll-free (888) 440-4182, using Conference ID: 8338433. The company specializes in sustainable, plant-based and fruit-based food and beverages, boasting a history of almost 50 years in manufacturing organic and specialty products.

SunOpta Inc. has divested its sunflower business to Pacific Avenue Capital Partners for $16 million, completed on October 11, 2022. This strategic move is aimed at enhancing long-term growth and margins while reducing commodity trading exposure. The sunflower business, previously part of the Plant-Based Foods and Beverages segment, will now operate as Sunrich Products. The company anticipates an estimated after-tax loss of approximately $16 million, which will impact its third-quarter results.

ICR announced that Joe Ennen, CEO of SunOpta (NASDAQ: STKL), featured in Episode 47 of the podcast Welcome to the Arena. During the episode, Ennen discussed SunOpta's innovative strategy, capacity-building achievements, and focus on ESG initiatives. The podcast, created in August 2021, aims to provide insights from various industry leaders, emphasizing its regular bi-weekly schedule. Listeners can access the episode on platforms like Apple Podcasts and Spotify.