SunOpta (STKL) has released an update.
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SunOpta Inc. reported a robust 21% revenue increase to $171 million for the second quarter of fiscal 2024, signaling strong market demand and operational efficiency. While the company experienced a reduction in losses from continuing operations, down from $11.7 million to $3.8 million, it also saw an uptick in adjusted EBITDA by 12% to $20.6 million. The positive financial performance has led SunOpta to raise its revenue outlook for 2024, demonstrating confidence in its long-term business growth and shareholder value.
For further insights into STKL stock, check out TipRanks’ Stock Analysis page.
