SunOpta Announces First Quarter Fiscal 2019 Financial Results

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Go back to SunOpta Announces First Quarter Fiscal 2019 Financial Results

SunOpta (STKL) Reports In-Line Q1 EPS, Revenues Beat

May 8, 2019 7:37 AM EDT

SunOpta (NASDAQ: STKL) reported Q1 EPS of ($0.09), in-line with the analyst estimate of ($0.09). Revenue for the quarter came in at $305.3 million versus the consensus estimate of $300.52 million.

First Quarter 2019 Highlights:

Revenues of $305.3 million for the first quarter of 2019, compared to $312.7 million in the first quarter of 2018, a decrease of 2.4%. Adjusted for divested and disposed operations, foreign exchange, commodity prices, and a new contract manufacturing arrangement, revenues grew 6.2% during the first quarter.Net income attributable to common shareholders of $23.7 million or $0.27 per common share in the first quarter of 2019, compared to a... More