SunOpta Sees Revenue Jump In Q4

Fourth quarter revenue at SunOpta was up more than 13% as growth was driven by the strength of several key categories including plant-based milks and fruit snacks.

For the quarter ended December 30, total revenue was $181.6 million, up 13.7% from revenue of $159.8 million in the comparable quarter the previous year. Adjusted earnings from continuing operations was $5.7 million, an increase of 120% compared to the fourth quarter of 2022. The increase was due to improved operating performance, partially offset by increases in interest expense and depreciation.

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“Our latest results provide validation of the powerful potential of our platform,” said Brian Kocher, chief executive officer of SunOpta. “We are a growth company in growing categories and are armed with an optimized product portfolio and high-quality base of leverageable assets that provide significant runway for continued growth.” 

Kocher noted that volume in the fourth quarter was up double-digits and underscored the strength of the company’s position and broad-based demand SunOpta is seeing across its portfolio. 

“Plant-based milks and fruit snacks continue to drive growth,” he said. “We are gaining share with existing customers as well as adding new customers in both categories. In addition, our 330-milliliter protein shake business continues to ramp up aggressively, advancing our total addressable market expansion efforts.”