SunOpta Announces Third Quarter Fiscal 2019 Financial Results
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SunOpta (STKL) Reports In-Line Q3 EPS, Revenues Miss
November 6, 2019 7:32 AM ESTSunOpta (NASDAQ: STKL) reported Q3 EPS of ($0.11), in-line with the analyst estimate of ($0.11). Revenue for the quarter came in at $295.9 million versus the consensus estimate of $301.87 million.
In the third quarter, we delivered consolidated revenue growth, adjusted for changes in our business of 6.6% and adjusted EBITDA¹ of $9.9 million. This was led by outstanding performance in our plant-based beverage and broth business, as a direct result of the investments we have made and our enhanced focus on optimizing our product portfolio, said Joe Ennen, Chief Executive Officer at SunOpta. Our Healthy Beverage platform reported 31% adjusted revenue... More
