secwatch.observer — SEC 8-K summary
======================================

Issuer:     SunOpta Inc. (STKL)
CIK:        0000351834
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001062993-23-010689
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351834/000106299323010689/0001062993-23-010689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351834/000106299323010689/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-010689

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer