SunOpta Q1 Adj EBITDA up 50.5% to $23.6M; reaffirms FY2023 outlook

SunOpta Inc.

2023-Q1 EPS reported $0.01 revenue$223,880,000

Revenue ex-sunflower $223.9M (+0.4%); plant-based milk sales up 25% YoY.
Adj gross margin improved 320 bps to 15.2%, excluding Texas plant startup costs.
Adjusted EPS $0.05 vs $0.01; net earnings from cont ops $1.4M.
Fruit-Based segment revenue down 9.7% on frozen fruit demand decline.
Reaffirms FY2023 outlook: revenue $1.0-1.05B, Adj EBITDA $97-103M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

SunOpta Inc. updated its the first quarter ended April 1, 2023 guidance (reaffirmed).

Period: the first quarter ended April 1, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 10, 2023, SunOpta Inc. (the "Company") issued a press release announcing financial results for the first quarter ended April 1, 2023.

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Source: SEC EDGAR

accession 0001062993-23-010689

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