earnings
confidence high
sentiment negative
materiality 0.85
SunOpta Q4 revenue flat at $204.2M, gross margin collapses to 9.0%; guides FY22 EBITDA $67-75M
SunOpta Inc.
2022-FY EPS reported
-$0.08
revenue$812,624,000
- Q4 revenue $204.2M, down 0.6% YoY; plant-based +5.8%, fruit-based -9.4%.
- Gross margin fell 650 bps to 9.0% due to labor costs, inflation, fruit spoilage.
- Adjusted EBITDA $10.7M (-48.2% YoY); adjusted EPS loss $0.01 vs $0.03 prior.
- FY2022 guidance: revenue $890M-$930M, adj. EBITDA $67M-$75M.
- CEO expects Q1'22 sequential recovery; new aseptic plant in Midlothian on track.