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Recap: SunOpta Q1 Earnings

Benzinga Insights
·2 mins read

Shares of SunOpta (NASDAQ:STKL) remained unaffected at $2.69 after the company reported Q1 results.

Quarterly Results

Earnings per share increased 111.11% over the past year to $0.01, which beat the estimate of ($0.01).

Revenue of $335,949,000 rose by 10.05% from the same period last year, which beat the estimate of $326,260,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 06, 2020

View more earnings on STKL

Time: 02:03 PM ET

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.sunopta.com%2Fhome%2Fdefault.aspx&eventid=2293917&sessionid=1&key=86A5A937FEB37AE826358565A705C97C&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $4.72

Company's 52-week low was at $1.30

Price action over last quarter: down 0.37%

Company Overview

SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. It operates through three segments. Global Ingredients includes the sourcing and sale of organic and non-GMO ingredients, including fruits, oils, and the processing of value-added ingredients including cocoa liquor. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use. It generates a vast majority of revenues from the Global Ingredients segment.

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