Shares of SunOpta (NASDAQ:STKL) remained unaffected at $2.69 after the company reported Q1 results.Quarterly Results Earnings per share increased 111.11% over the past year to $0.01, which beat the estimate of ($0.01).Revenue of $335,949,000 rose by 10.05% from the same period last year, which beat the estimate of $326,260,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 06, 2020View more earnings on STKLTime: 02:03 PM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.sunopta.com%2Fhome%2Fdefault.aspx&eventid=2293917&sessionid=1&key=86A5A937FEB37AE826358565A705C97C®Tag=&sourcepage=registerRecent Stock Performance 52-week high: $4.72Company's 52-week low was at $1.30Price action over last quarter: down 0.37%Company Overview SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. It operates through three segments. Global Ingredients includes the sourcing and sale of organic and non-GMO ingredients, including fruits, oils, and the processing of value-added ingredients including cocoa liquor. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use. It generates a vast majority of revenues from the Global Ingredients segment.See more from Benzinga * Dynex Cap: Q1 Earnings Insights * Recap: MasterCraft Boat Q3 Earnings * Recap: United Fire Group Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Is (STKL) Outperforming Other Consumer Staples Stocks This Year?
Is it time to cash out of SunOpta?
SunOpta Inc. ("SunOpta" or the "Company") (Nasdaq:STKL) (TSX:SOY), a leading global company focused on plant-based foods and beverages, fruit-based foods and beverages, and organic ingredient sourcing and production, today announced that following a review and analysis conducted by a special committee of independent directors (the "Special Committee" ) of its board of directors (the "Board"), it has entered into a financing agreement with funds managed by Oaktree Capital Management, L.P. ("Oaktree") and Engaged Capital, LLC ("Engaged"), leading alternative investment management firms, which invest in companies with strong, defensible franchises.
SunOpta Inc. ("SunOpta" or the "Company") (Nasdaq:STKL) (TSX:SOY), a leading global company focused on plant-based foods and beverages, fruit-based foods and beverages, and organic ingredient sourcing and production, today announced financial results for the first quarter ended March 28, 2020.
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Engaged Capital, LLC, an investment firm specializing in enhancing the value of small and mid-cap North American equities, today announced that its partners will forgo all remaining fees to be received from the public companies where they are a member of the Board. Engaged has requested each company pool the capital and provide it directly to employees who are most in need. Engaged’s partners currently hold director positions at The Hain Celestial Group Inc (HAIN), Rent-A-Center, Inc (RCII), SunOpta Inc. (STKL) and TiVo Corporation (TIVO).
By now, everyone should have access to the earnings press release that was issued this morning and is available on the Investor Relations page on SunOpta's website at www.sunopta.com. As a reminder, please note that the prepared remarks which will follow contain forward-looking statements, and management may make additional forward-looking statements in response to your questions. The company undertakes no obligation to publicly correct or update the forward-looking statements made during the presentation to reflect future events or circumstances, except as may be required under applicable securities laws.
Is (STKL) Outperforming Other Consumer Staples Stocks This Year?
SunOpta Inc. ("SunOpta") (Nasdaq:STKL) (TSX:SOY) announced today that it will issue financial results for the first quarter 2020 before the markets open on Wednesday, May 6, 2020.
SunOpta (STKL) closed at $2.70 in the latest trading session, marking a +0.37% move from the prior day.
Does the May share price for SunOpta Inc. (TSE:SOY) reflect what it's really worth? Today, we will estimate the...
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SunOpta (STKL) delivered earnings and revenue surprises of 150.00% and 5.15%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Activist investor Engaged Capital will donate roughly $500,000 in fees its executives would have earned for serving on public companies' boards this year to those corporations' employees, the hedge fund's founder Glenn Welling told Reuters. Now Welling, who founded $1 billion Engaged eight years ago, said he wants to give rather than take as companies steel themselves for the deepest recession since the 1930s era Great Depression in the wake of the novel coronavirus outbreak. "Our partners have asked that all remaining 2020 board fees be redirected to support those employees that are most impacted," Welling said.
SunOpta Inc. ("SunOpta" or the "Company") (Nasdaq:STKL) (TSX:SOY), a leading global company focused on plant-based foods and beverages, fruit-based foods and beverages, and organic ingredient sourcing and production, today announced that it had successfully closed a US$30 million preferred equity financing. As originally announced on April 16, 2020, the Company entered into a financing agreement with funds managed by Oaktree Capital Management, L.P. ("Oaktree") and Engaged Capital, LLC ("Engaged"), leading alternative investment management firms, which invest in companies with strong, defensible franchises.