SunOpta Announces Third Quarter Fiscal 2016 Financial Results

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Go back to SunOpta Announces Third Quarter Fiscal 2016 Financial Results

SunOpta (STKL) Tops Q3 EPS by 1c, Revenue Light; CEO, Chairman to Step Down

November 9, 2016 8:43 AM EST

SunOpta (NASDAQ: STKL) reported Q3 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $348.7 million versus the consensus estimate of $360.5 million.

President and Chief Executive Officer Rik Jacobs and Chair of the Board Alan Murray will be stepping down from their respective positions, Mr. Jacobs effective November 11, 2016 and Mr. Murray effective today. Current SunOpta Director Katrina L. Houde will serve as interim CEO and Director Dean Hollis has been appointed Chair of SunOptas Board of Directors. The Board has initiated a search process... More