RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%

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SunOpta (TSX: SOY) eyes higher revenue, improved margins in FY24 driven by domestic volume growth

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Highlights

SunOpta Inc. (TSX: SOY) is a multinational company focused on organic food, natural food, ingredient sourcing, and specialty foods.  The company develops and manufactures sustainable plant-based food and ingredients, offering non-GMO and organic food products. The product portfolio of SOY includes fruit-based snacks, plant-based beverages, plant-based ingredients, broth and stock, and packaged and bulk tea. It has a market cap of CAD 934.78mn.

As per the company, there was a double-digit growth in volume in the fourth quarter of 2023 along with a sharp acceleration from Q3 2023. Driven by volume growth, SOY’s revenue in FY23 increased to USD 630.2mn compared to USD 591.3mn in FY22.

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