SunOpta: Announces Q2-2024 Financial Results

Minneapolis / MN. (so) SunOpta Inc., an innovative and sustainable manufacturer fueling the future of food, announced financial results for the second quarter ended June 29, 2024. All amounts are expressed in U.S. Dollars and results are reported in accordance with U.S. GAAP, except where specifically noted.

«We delivered another quarter of outstanding growth, reflecting strong underlying demand and solid execution on operational initiatives aimed at sustainable supply chain effectiveness and efficiency,» said Chief Executive Officer Brian Kocher. «Revenue growth continues to be demand driven and broad based across customers and channels. Our supply chain supported a significant increase in output and simultaneously highlighted areas where investment is required to deliver sustainable gross margin expansion in the future. 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 initiatives currently underway, and strength of our overall competitive position, we continue to have a high degree of confidence in the longer-term trajectory of our business and our ability to deliver significant value to shareholders.»

For additional information please read the Company’s PDF file below (158 KB):

20240810-SUNOPTA-Q22024.