SunOpta (STKL) Reports In-line Loss For Q4

March 5, 2009 4:36 PM EST

SunOpta (Nasdaq: STKL) reports a Q4 adjusted loss of $0.02, in-line with estimates. Revenues were $245.0 million vs. $254.51 million consensus.

As previously announced, as a result of the current uncertain and rapidly changing world-wide macroeconomic conditions, the Company has decided to take a more cautious approach with regard to providing guidance, and in doing so has decided not to provide specific revenue and earnings guidance for 2009. The Company will provide updates when appropriate related to material changes in business affairs resulting from changes in economic conditions. The Company expects to realize improved results in 2009 as a result of improved pricing and product mix; the impact of capacity expansion, cost reduction and rationalization initiatives; fixed cost leverage; and the avoidance of certain professional fees, severance and operational costs incurred in 2008 which are not expected to reoccur to the same extent in 2009. The Company's primary focus for 2009 remains the improvement of operating margins and return on assets employed.[SM]

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