SunOpta, Inc. - Common Stock (STKL)

What a brutal six months it’s been for SunOpta. The stock has dropped 22% and now trades at $5.02, rattling many shareholders. This may have investors wondering how to approach the situation.

As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the shelf-stable food industry, including SunOpta (NASDAQ:STKL) and its peers.

Consumer staples are considered safe havens in turbulent markets due to their inelastic demand profiles. But they’re also double-edged swords as they often lag in booming conditions, and this pattern has persisted recently. Over the past six months, the industry has recorded a loss of 7.9%, a far cry from the S&P 500’s 6.7% ascent.

Shares of plant-based food and beverage company SunOpta (NASDAQ:STKL) fell 18.8% in the morning session after the company reported weak fourth-quarter results: its gross margin missed significantly, and its full-year EBITDA guidance fell short of Wall Street's estimates. However, SunOpta exceeded analysts' EPS projections and delivered a slight EBITDA beat. While these positive aspects are noteworthy, the overall performance for the quarter was underwhelming.

STKL stock results show that SunOpta beat on revenue for the second quarter of 2024.

Plant-based food and beverage company SunOpta (NASDAQ:STKL) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 6.8% year on year to $193.9 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $790 million at the midpoint. Its non-GAAP profit of $0.06 per share was in line with analysts’ consensus estimates.

Plant-based food and beverage company SunOpta (NASDAQ:STKL) will be reporting results tomorrow after market close. Here’s what to look for.

As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the shelf-stable food industry, including Kellanova (NYSE:K) and its peers.

Let’s dig into the relative performance of SunOpta (NASDAQ:STKL) and its peers as we unravel the now-completed Q3 shelf-stable food earnings season.

Chocolate company Hershey (NYSE:HSY) will be reporting earnings tomorrow before market hours. Here’s what investors should know.

Natural food company Hain Celestial (NASDAQ:HAIN) will be announcing earnings results tomorrow morning. Here’s what investors should know.

Plant-based food and beverage company SunOpta (NASDAQ:STKL) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 15.5% year on year to $176.2 million. The company expects the full year’s revenue to be around $720 million, close to analysts’ estimates. Its non-GAAP profit of $0.02 per share was 7.7% below analysts’ consensus estimates.

Plant-based food and beverage company SunOpta (NASDAQ:STKL) will be announcing earnings results tomorrow after the bell. Here’s what to expect.

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STKL stock results show that SunOpta missed analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.

The Nasdaq 100 closed lower by over 200 points on Friday. Investors, meanwhile, focused on some notable insider trades.

Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades.

U.S. stocks were higher, with the Nasdaq Composite gaining around 50 points on Thursday.

Shares of Butterfly Network, Inc. (NASDAQ: BFLY) fell sharply during Thursday’s session after the company reported mixed fourth-quarter financial results.

Companies Reporting Before The Bell • ICL Group (NYSE:ICL) is likely to report quarterly earnings at $0.08 per share on revenue of $1.69 billion.