SunOpta eyes best day in 6 years on surprise Q1 profit, revenue beat

SunOpta

12/05/2022 15:44

** U.S.-listed shares of Canadian food producer  STKL.O 
rise as much as 27% to a one-month high of $6.20
    ** Stock last up 23.9%, on course for best day since May
2016
    ** STKL on Wednesday after the bell reported a surprise
profit for Q1 
    ** Co posts Q1 adjusted profit of 1 cent per share, compared
with market estimates of a 1-cent loss, per Refinitiv IBES data
    ** STKL's Q1 revenue rose 15.7% to $240.2 mln, beating
expectations of $219.4 mln
    ** CEO Joe Ennen says have passed on over 90% of
inflationary pressures with price increases  urn:newsml:reuters.com:*:nBw5xx8qWa
    ** Stock has fallen ~11% this year 

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))