SunOpta Inc. [STKL] has reported a net loss of $175,018,000.0 for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $630.3 million
Based in EDEN PRAIRIE, Minnesota, SunOpta Inc. operates in the WHOLESALE sector.
In the Income Statement for the 12 months ended December 30, 2023, the following key figures were reported and compared to the previous year's results:
- Revenues: $630.3 million this year, compared to $591.4 million last year, and $496.5 million in the year before that.
- Cost of goods sold: $541.7 million for the current period, versus $491.7 million in the previous year and $415.3 million in the year before that.
- Gross profit: $88.6 million this year, down from $99.7 million last year, but higher than the $81.1 million reported in the prior year.
- Operating income: $8.3 million this year, a decrease from $17.9 million in the previous year and a slight increase from $8.2 million in the year before that.
- Net loss: A significant decrease in net income with a loss of $175.0 million this year compared to a loss of $4.8 million last year and a loss of $1.2 million in the year before.
- Basic and diluted earnings (loss) per share: A loss of $0.21 from continuing operations in the current period, compared to an earnings of $0.01 in the previous year for basic and diluted amounts. Loss from discontinued operations was $1.34 for basic and diluted earnings, a significant increase from the losses in the prior year.
The Weighted-average common shares outstanding also increased from 107.7 thousand last year to 114.2 thousand this year for basic and diluted amounts. This shows a change in the number of shares available in the market.
Overall, the company experienced a notable decline in net income and earnings per share in the current reporting period compared to the previous year. This change may indicate various factors affecting the financial performance of the company, including operational challenges, economic conditions, and strategic decisions made during the period.
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