SunOpta Announces First Quarter Fiscal 2020 Financial Results

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Go back to SunOpta Announces First Quarter Fiscal 2020 Financial Results

SunOpta (STKL) Tops Q1 EPS by 2c, Revenues Beat

May 6, 2020 7:36 AM EDT

SunOpta (NASDAQ: STKL) reported Q1 EPS of $0.01, $0.02 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $335.9 million versus the consensus estimate of $326.26 million.

First Quarter 2020 Highlights:

Revenues of $335.9 million for the first quarter of 2020, compared to $305.3 million in the first quarter of 2019, an increase of 10.0%. Adjusted for dispositions, acquisitions, foreign exchange and commodity prices, revenues grew by 13.2%.Gross margin increased 380 basis points to 13.0% from 9.2% in the prior year.Earnings attributable to common shareholders of $1.3 million or $0.01 per diluted common share in the first quarter of... More