SunOpta Inc (STKL) has released an update.
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SunOpta Inc. has reported an impressive first quarter in fiscal 2024 with an 18% increase in revenue to $182.8 million and a swing from a $2.8 million loss to a $3.8 million profit in earnings from continuing operations. The company’s adjusted EBITDA also rose by 21% to $22.6 million, signaling strong growth and operational improvements. Based on these results, SunOpta is confidently raising its financial outlook for the rest of the year.
For further insights into STKL stock, check out TipRanks’ Stock Analysis page.