SunOpta, Inc. (STKL) Tops Q1 EPS by 2c

SunOpta, Inc. (NASDAQ: STKL) reported Q1 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $333.5 million versus the consensus estimate of $297.27 million.

"We are pleased to report a solid start to the year driven by strong revenue and earnings growth. All our core foods operating segments generated increased revenues and operating income versus the prior year. We are extremely pleased that we are starting to see the results in our financial performance from the anticipated benefits of our operational realignment, investment in growing market opportunities and re-positioned go-to-market strategy," commented Steve Bromley, Chief Executive Officer of SunOpta. "We continue to believe that interest in healthy eating is a key long term global trend and that we are well positioned to capitalize on future industry growth via our integrated natural and organic foods platform. Our management team remains focused on our three core strategies of becoming a pure-play natural and organic foods company, growing our value-added consumer products and ingredients portfolio, and leveraging our integrated platform in support of our long-term financial targets."

For earnings history and earnings-related data on SunOpta, Inc. (STKL) click here.

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