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Sunopta (STKL)
NASDAQ:STKL
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 7.67%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth and operational improvements, with strong performance in key product categories and reduction in debt. However, challenges remain with manufacturing inefficiencies and higher operating costs. The overall sentiment is optimistic, with a focus on continued efficiency gains and growth potential.Company Guidance
During the SunOpta Q3 2024 earnings call, the company provided robust guidance, highlighting several key metrics. Revenue growth for the quarter was reported at 16%, propelled by a 21% increase in volume, which reflects the company's strong performance across customer channels and product categories. The adjusted gross margin improved by 60 basis points year-over-year, and adjusted EBITDA saw a 13% increase. The company's top five customers experienced an impressive 30% average year-over-year revenue growth, with the fruit snacks segment alone growing by 42%. For fiscal 2024, SunOpta reaffirmed its revenue guidance of $710 million to $730 million, representing a growth range of 13% to 16%, and projected adjusted EBITDA between $88 million to $92 million, indicating a 12% to 17% growth. The company also emphasized its strategic focus on operational improvements to unlock capacity and expand margins, aiming for a $125 million adjusted EBITDA run rate by late fiscal 2025 or early fiscal 2026.Strong Revenue Growth
Revenue growth of 16% was driven by volume growth of 21%, with broad-based strength across customers, channels, and major product categories.
Improved Margins and EBITDA
Adjusted gross margin improved by 60 basis points year-over-year, and adjusted EBITDA increased by 13%.
Fruit Snacks and Beverages Surge
Fruit snacks business grew 42% with 40% sales volume growth, while beverages and broth product lines grew revenue by 14%.
Operational Efficiency Gains
Third quarter output increased by 18% in aseptic facilities and 49% in fruit snack facilities, with record-breaking production in certain facilities.
Debt Reduction
Debt was reduced by $13 million from Q2, with net leverage decreasing from 3.5x to 3.3x.
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STKL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STKL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $6.78 | $7.26 | +7.08% |
| Aug 07, 2024 | $5.29 | $5.98 | +13.04% |
| May 08, 2024 | $5.65 | $5.86 | +3.72% |
| Feb 28, 2024 | $6.01 | $7.03 | +16.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sunopta (STKL) report earnings?
Sunopta (STKL) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Sunopta (STKL) earnings time?
Sunopta (STKL) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STKL EPS forecast?
STKL EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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