SunOpta Q2 revenue up 20.4% to $243.5M; raises FY2022 guidance

SunOpta Inc.

2022-Q2 EPS reported $0.04 revenue$483,704,000

Revenue $243.5M (+20.4% YoY); plant-based $145.9M (+31.0%), fruit-based $97.6M (+7.4%).
Adjusted EBITDA $22.3M (+38.4%), a company record; net earnings from continuing ops $2.5M vs loss $0.9M prior year.
Gross margin 14.3%, up 130 bps; segment operating income $8.1M vs $1.7M prior year.
FY2022 revenue guidance raised to $930–960M (from $890–930M); Adj. EBITDA raised to $72–78M (from $67–75M).
Plant-based volumes up 17.3% and pricing up 13.7%; new Texas plant expected online late 2022.

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