Sector: Consumer Non-Cyclicals | Industry: Food Processing |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 7078 Shady Oak Road EDEN PRAIRIE MN 55344 |
Tel: | N/A |
Website: | https://www.sunopta.com |
IR: | See website |
Key People | ||
Brian W. Kocher Chief Executive Officer, Director | Greg Gaba Chief Financial Officer | Michael Buick Senior Vice President, General Manager - Plant-Based Food and Beverage |
Bryan Clark Senior Vice President - Research and Development and Quality Assurance | Barend Reijn Senior Vice President - Global Sourcing | Jill Elaine Barnett Chief Administrative Officer, General Counsel, Corporate Secretary | Robert K. Duchscher Chief Information Officer |
Business Overview |
SunOpta Inc. provides sustainable, plant-based food and beverages. The Company manufactures organic and specialty products sold through retail and foodservice channels. It operates as a manufacturer for natural and private label brands and also produces its own brands, including SOWN, Dream and West Life. Its product portfolio includes a range of plant-based beverages, including oat, almond, soy, coconut and rice milks and creamers. Its plant-based offerings include non-genetically modified (non-GMO), organic, and gluten-free products. Its consumer products portfolio includes protein shakes, teas, broths, and fruit snacks. The Company sells its products through various distribution channels, including branded products under co-manufacturing agreements to other branded food companies for their distribution and its own branded products to retail and foodservice customers. It also produces liquid and dry ingredients for internal use and for sale to other food and beverage manufacturers. |
Financial Overview |
For the fiscal year ended 30 December 2023, Sunopta Inc (USA) revenues increased 7% to $630.3M. Net loss applicable to common stockholders excluding extraordinary items totaled $23.9M vs. income of $772K. Revenues reflect United States segment increase of 7% to $615.1M, Canada segment increase of 31% to $11.7M. Net loss reflects Equipment start-up costs increase from $6M to $20.2M (expense). |