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. (STKL, SOY) is a Canada-incorporated food and beverage manufacturer that regularly issues news and updates related to its plant-based beverages, broths and better-for-you snacks. Company press releases describe SunOpta as delivering customized supply chain solutions and innovation for top brands, retailers and foodservice providers, with products distributed through retail, club, foodservice and e‑commerce channels across North America.
News about SunOpta frequently centers on quarterly financial results, including revenue from continuing operations, earnings from continuing operations, adjusted earnings, adjusted EBITDA and net leverage. These earnings releases often include commentary on volume growth across plant-based beverages, broths and fruit snacks, gross margin trends, operational initiatives to improve margins, and updates to the company’s financial outlook for upcoming fiscal years.
Investors following STKL can also expect announcements about participation in investor conferences and fireside chats, where SunOpta’s management discusses business performance and strategic priorities. Additional news items have covered topics such as share repurchase authorizations, capital allocation priorities, tariff impacts and the company’s use of pass-through pricing arrangements with customers to address changes in input costs.
This news feed aggregates SunOpta’s public communications, including Business Wire releases and other official announcements, giving readers a centralized view of developments affecting the company’s operations, financial performance and strategic direction. For those tracking trends in plant-based beverages and better-for-you snacks, as well as SunOpta’s role as a manufacturer for proprietary and private label brands, this page provides an organized stream of company-specific updates.
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.
SunOpta Inc. (STKL) will release its third quarter 2021 financial results on November 10, 2021, before market open. Following this, the company will host a conference call at 9:00 AM Eastern Time to discuss the results and recent corporate developments, with a question-and-answer session. Investors can access the live webcast on SunOpta’s website under the “Investor Relations” section. SunOpta specializes in organic, natural, and non-GMO food and beverage products.
SunOpta Inc. (Nasdaq:STKL) has announced the establishment of a new plant-based beverage facility in Midlothian, Texas, expanding its production capacity. The facility will cover 285,000 square feet, with potential expansion to 400,000 square feet. Expected to become operational in late 2022, it will create approximately 185 manufacturing jobs. The city has approved $7.5 million in incentives, including grants and tax abatements. This facility aims to support SunOpta's sustainability goals by significantly reducing transportation emissions, targeting a reduction of 15 million freight miles annually.
SunOpta (STKL) reported financial results for Q2 2021, achieving revenues of $202.3 million, a 9.7% increase year-over-year, mainly driven by a 21.4% growth in plant-based products. Gross margin rose to 13.0% from 12.6% in the prior year. The company reduced its loss from continuing operations to $0.9 million from $5.1 million in Q2 2020. Adjusted EBITDA increased 60.8% to $16.1 million, representing 8.0% of revenues. SunOpta is also negotiating a lease for a new 275,000 square foot facility in Dallas-Fort Worth, expected to support future growth.
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