SunOpta

Click here to display a historical stock chart of mentioned company in this article.
Learn more in Stockdio’s privacy policy.

Open "content" directly
SunOpta

© SunOpta
Company News

SunOpta’s Q3 Revenue Rises 16% as Volume and New Business Drive Gains

SunOpta Inc. (Nasdaq: STKL; TSX: SOY) has released its financial results for the third quarter of fiscal 2024, reporting a 16% revenue growth compared to the previous year. The increase was primarily due to higher sales volumes across key product categories and new business wins. Despite a minor reduction in pricing from lower commodity costs, SunOpta’s revenue reached $176.2 million, up from $152.5 million in Q3 2023. The company’s gross profit rose 16.4%, supported by gains in production efficiency, though recent investments in manufacturing equipment created some added depreciation costs. Adjusted gross margin improved to 17%, reflecting effective cost management and expanding production capabilities. Pipeline of new opportunities SunOpta’s CEO, Brian Kocher, attributed the results to “broad-based growth across our customers, channels, and product portfolio,” adding …

more

SunOpta dream oat milk

© SunOpta
Company News

SunOpta Shares Jump Over 4% as Dream Oatmilk Barista Lands in 6,700 Locations of Certain Well-Known Chain

SunOpta Inc. has announced that it will expand the distribution of its Dream Oatmilk Barista product to an additional 6,700 locations across North America starting in January 2025. The expansion is part of a partnership with an unnamed large coffee chain. While SunOpta has not officially disclosed the partner, investment firm DA Davidson has suggested that Starbucks is likely the partner, according to a report by TipRanks. Following the announcement, SunOpta’s stock saw a 4.4% increase, rising to CAD 8.62 ($6.32 USD) at the time of writing, according to MarketWatch. The increase in distribution will take advantage of SunOpta’s existing manufacturing infrastructure, including its oat extraction facility in Modesto, California, and a production site in Midlothian, Texas. Both facilities are expected to support the larger …

more

© SunOpta
Company News

SunOpta Reports Strong Q2 2024 Financial Results with 21% Revenue Surge

SunOpta Inc. (Nasdaq: STKL, TSX: SOY) announced its financial results for the second quarter of 2024. The company reported a 21% increase in revenue from continuing operations, reaching $171 million, primarily driven by a 26.9% growth in volume. The company’s adjusted EBITDA for the quarter was $20.6 million, representing a 12% increase compared to the same quarter in the previous year. SunOpta’s supply chain supported a substantial increase in output, continuing its growth trajectory as a manufacturer of organic, non-GMO, and plant-based food products, which are distributed across retail, foodservice, and e-commerce channels. “We are increasing our revenue outlook for 2024 and maintaining our adjusted EBITDA guidance to reflect short-term investments in the supply chain. Given the depth of our pipeline, operational and supply chain …

more

SunOpta 50 Anniversary

© SunOpta
Facts & Figures

SunOpta Marks 50-Year Milestone in Plant-Based Food Production

SunOpta, a US-based food and beverage company specializing in sustainable plant-based beverages and ingredients, is marking its 50th anniversary by reflecting on its five-decade journey. Established in 1973 under the name StakeTech, the company initially focused on biomass conversion for animal feed. Over the years, it underwent strategic shifts, entering diverse sectors like industrial minerals and eventually moving into the natural and organic foods industry. In 2003, StakeTech rebranded as SunOpta to reflect its commitment to producing plant-based products with ingredients grown using the sun.  The company first entered the soy milk market over two decades ago and proceeded to execute 37 acquisitions in the food and beverage sector between 2000 and 2015, including Simply Organic, Pacific Food Processors, and multiple processing facilities, which are …

more

Chocolate Sea Salt Cereal, SunOpta X Seven Sundays

Image: BusinessWire
Products & Launches

SunOpta and Seven Sundays Launch “First Ever” Cereals With Oats Upcycled From Oat Milk Production

Plant-based foods and beverage company SunOpta, headquartered in Minnesota USA, announces what it describes as a first-of-its-kind partnership with breakfast company Seven Sundays. The news comes as SunOpta shareholders have been notified that CEO & Director Joseph Ennen has purchased US$101k worth of company stock, according to Simply Wall St. Through the partnership, the companies have launched the “first-ever” Oat Protein Cereal made with SunOpta’s upcycled oat protein powder OatGold™, a byproduct of oat milk production. The product debuts in four flavors – Simply Honey, Super Fruity, Maple Cinnamon, and Chocolate Sea Salt, and contains five grams of upcycled plant-based protein per serving. “At SunOpta, sustainability is part of our DNA and we are always looking for sustainable solutions in our operations,” said Lauren McNamara, …

more

SunOpta New Facility/ Manufacturing

© SunOpta
Company News

SunOpta Opens $125M ‘Mega Facility’ in Texas to Double Plant-Based Milk Business

SunOpta (Nasdaq: STKL), a leading producer of healthy foods and beverages, announces the opening of a $125M plant-based beverage production facility in Midlothian, Texas. According to SunOpta, the new ‘mega facility’ will create 175 jobs and strongly expand the company’s manufacturing capabilities, allowing it to double its business by 2025 compared to 2020.  Strategically located in Texas, the new production facility currently features 285,000 square feet, where it will manufacture the company’s entire suite of plant-based milks and creamers, along with tea and other products. The facility will also offer a range of package sizes and formats, including 16-ounce and 32-ounce packages primarily used in retail, food service, and e-commerce, and 330-milliliter packages typically used for high-protein nutritional beverages. In the future, SunOpta states the …

more

SunOpta's revenue increases

© SunOpta
Facts & Figures

SunOpta’s Revenues Reach Record $243.5M in Q2, Driven by Plant-Based Foods

In the second quarter of 2022, SunOpta’s revenues increased by 20.4% to reach $243.5 million, the natural foods company has reported. Growth was largely driven by a 31.0% rise in plant-based food and beverage sales. The segment generated revenues of $145.9 million, with an increase in the number of oat-based products, plant-based beverages, and teas available. Prices rose by 13.7% due to inflation and an increase in the cost of sunflower products. There was also a 7.4% growth in revenue for fruit-based products, which generated sales of $97.6 million. Demand for frozen fruit slightly decreased, but this was offset by higher demand for fruit snacks and smoothie bowls. Investing in plant-based In 2020, SunOpta announced it would be investing $26 million in an oat processing …

more

protein powder made with upcycled oat milk waste

© SunOpta
Ingredients

SunOpta Introduces Protein Powder Made With Upcycled Oat Milk Waste

Plant-based food and beverage company SunOpta has launched OatGold™, a protein powder made with upcycled oat milk waste. The highly nutritious powder can be used in baked goods, spreads, dips, and snacks. OatGold is made from insoluble solids which are a byproduct of SunOpta’s oatbase production (oatbase is the primary ingredient in oat milk). The resulting powder has three times as much protein as oat flour and is high in fibre. It also has a neutral taste and is certified gluten-free. Upcycled food OatGold has been accredited by Upcycled Certified, the only third-party certification program in the world for upcycled products. The program was created according to standards set by the nonprofit Upcycled Food Association. Upcycled foods are a growing trend as many companies look …

more

SunOpta Logo

©SunOpta

Beverages

SunOpta Acquires Dream and WestSoy Plant-Based Beverage Brands For $33 million

SunOpta Inc., a leading healthy food and beverage company focused on plant-based foods and beverages and fruit-based foods and beverages, today announced the acquisition of the Dream® and WestSoy® plant-based beverage brands from The Hain Celestial Group, Inc, with a purchase price of $33 million. The acquired brands will add to SunOpta’s Plant-Based Foods and Beverages segment. The Dream brand is the #2 brand of shelf-stable, plant-based milks, originally launched in 1982. SunOpta currently produces approximately 50% of the Dream product portfolio and has done so for over a decade. The WestSoy brand is the only branded shelf stable soy beverage with a USDA organic certification and the American Heart Association certification of a heart-healthy product. Available at many leading national retailers, SunOpta currently produces …

more