SunOpta (STKL) Misses Q2 EPS by 4c, Miss on Revenues

SunOpta (NASDAQ: STKL) reported Q2 EPS of ($0.01), $0.04 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $336.5 million versus the consensus estimate of $341.17 million.

Second Quarter 2017 Highlights:

• Revenues of $336.5 million for the second quarter of 2017, compared to $348.1 million in the second quarter of 2016, a decrease of 3.4%.
• Gross profit of $41.7 million or 12.4% of revenues for the second quarter of 2017, versus $36.0 million or 10.3% of revenues in the second quarter of 2016. Excluding expenses in cost of goods sold that factor into adjusted earnings¹, the gross profit percentage in the second quarter of 2017 increased 100 basis points to 12.5% compared to 11.5% in the second quarter of 2016.
• Adjusted EBITDA¹ of $19.4 million or 5.8% of revenues for the second quarter of 2017, versus $23.5 million or 6.7% of revenues in the second quarter of 2016.
• Loss from continuing operations of $0.4 million or $0.03 per diluted common share in the second quarter of 2017, compared to a loss from continuing operations of $4.1 million or $0.05 per diluted common share in the second quarter of 2016.
• Adjusted loss from continuing operations¹ of $0.7 million or $0.01 per diluted common share during the second quarter of 2017, compared to adjusted earnings¹ of $4.1 million or $0.05 per diluted common share during the second quarter of 2016.

For earnings history and earnings-related data on SunOpta (STKL) click here.

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