---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-010689"
form_type: "8-K"
ticker: "STKL"
cik: "0000351834"
company_name: "SunOpta Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:20:34.989389+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-23-010689
- form_type: 8-K
- ticker: STKL
- cik: 0000351834
- company_name: SunOpta Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/351834/000106299323010689/0001062993-23-010689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/351834/000106299323010689/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-010689
- JSON: https://secwatch.observer/filing/0001062993-23-010689.json
- Plain text: https://secwatch.observer/filing/0001062993-23-010689.txt

## Key facts
- Earnings Releases
  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
  source text: On May 10, 2023, SunOpta Inc. (the "Company") issued a press release announcing financial results for the first quarter ended April 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/351834/000106299323010689/0001062993-23-010689-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.