Sunopta Inc is a leading company specializing in the sourcing, processing, and packaging of organic and non-GMO food products
Focused on sustainability and health, Sunopta offers a wide range of products including plant-based ingredients, fruit-based snacks, and beverages. The company aims to meet the growing consumer demand for healthier, environmentally friendly options, and operates through various segments that support supply chain operations from seed to shelf. With a commitment to innovation and quality, Sunopta plays a significant role in the food industry by promoting clean label products that cater to the preferences of health-conscious consumers.
Shares of plant-based food and beverage company SunOpta (NASDAQSTKL)
fell 18.8% in the morning session after the company reported weak fourth-quarter results: its gross margin missed significantly, and its full-year EBITDA guidance fell short of Wall Street's estimates. However, SunOpta exceeded analysts' EPS projections and delivered a slight EBITDA beat. While these positive aspects are noteworthy, the overall performance for the quarter was underwhelming.
Plant-based food and beverage company SunOpta (NASDAQSTKL) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 6.8% year on year to $193.9 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $790 million at the midpoint. Its non-GAAP profit of $0.06 per share was in line with analysts’ consensus estimates.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the shelf-stable food industry, including Kellanova (NYSEK) and its peers.
Plant-based food and beverage company SunOpta (NASDAQSTKL) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 15.5% year on year to $176.2 million. The company expects the full year’s revenue to be around $720 million, close to analysts’ estimates. Its non-GAAP profit of $0.02 per share was 7.7% below analysts’ consensus estimates.
Shares of Butterfly Network, Inc. (NASDAQBFLY) fell sharply during Thursday’s session after the company reported mixed fourth-quarter financial results.
