SunOpta (STKL) Misses Q1 EPS by 2c, Beats on Revenues

SunOpta (NASDAQ: STKL) reported Q1 EPS of ($0.07), $0.02 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $312.7 million versus the consensus estimate of $310.54 million.

First Quarter 2018 Highlights:

• Revenues of $312.7 million for the first quarter of 2018, compared to $330.0 million in the first quarter of 2017, a decrease of 5.3%. Adjusted for changes in foreign exchange, commodity prices, and sales of flexible resealable pouch and nutrition bar products, revenues declined 1.6% during the first quarter.
• Loss attributable to common shareholders of $6.3 million or $0.07 per common share in the first quarter of 2018, compared to a loss attributable to common shareholders of $13.3 million or $0.16 per common share in the first quarter of 2017.
• Adjusted EBITDA¹ of $12.4 million or 4.0% of revenues for the first quarter of 2018, versus $18.9 million or 5.7% of revenues in the first quarter of 2017.
• Adjusted loss of $6.4 million or $0.07 per common share during the first quarter of 2018, compared to adjusted loss of $0.9 million or $0.01 per common share during the first quarter of 2017.

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

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