Stock Track | SunOpta Soars on Strong Q3 Results and Promising Outlook

Stock Track11-06

SunOpta Inc. (STKL) saw its shares surge in the pre-market trading on November 6, 2024, after the company reported impressive third-quarter results and provided an optimistic outlook for the remainder of the year.

The plant-based food and beverage company experienced a 15.5% increase in revenue compared to the same period last year, reaching $176.22 million, exceeding analysts' expectations of $173.40 million. The revenue growth was driven by a 21% increase in volume across customer channels and product categories.

SunOpta's profitability also improved, with adjusted earnings per share of $0.02 meeting analyst estimates. The company's adjusted gross margin rose to 17%, up from 16.4% in the prior year, while adjusted EBITDA increased by 13% to $21.5 million.

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(STKL) saw its shares surge in the pre-market trading on November 6, 2024, after the company reported impressive third-quarter results and provided an optimistic outlook for the remainder...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STKL","symbol_name":"SunOpta","start_time":0,"source_url":"","article_id":"1164487192","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164487192","pubTimestamp":1730900787,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SunOpta Inc.  saw its shares surge in the pre-market trading on November 6, 2024, after the company reported impressive third-quarter results and provided an optimistic outlook for the remainder of the year.The plant-based food and beverage company experienced a 15.5% increase in revenue compared to the same period last year, reaching $176.22 million, exceeding analysts' expectations of $173.40 million. 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