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 …
