SNDL Quarterly Revenue Dented By Soft Liquor, Cannabis Market Conditions

Dow Jones04-29

By Robb M. Stewart

SNDL's earnings were held back in the first three months of the year market by softness across its businesses and operating territories.

The Canadian liquor and cannabis retailer recorded a narrowed net loss of 9.9 million Canadian dollars (US$7.2 million) against a year-earlier loss of C$14.7 million.

SNDL's gross profit declined to C$52.8 million for the first quarter, from C$56.6 million last year, which it said reflected lower revenue across all segments, as well as inventory adjustments and one-time costs in its cannabis operations.

SNDL's revenue fell to C$195.9 million from C$204.9 million a year prior. Revenue from cannabis was down 3.8% to C$91.8 million, while retail liquor revenue was 4.9% lower at C$104.1 million.

The company had C$213.4 million of unrestricted cash and no debt as of March 31.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

April 29, 2026 07:15 ET (11:15 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Stewart \n\n\n \n\n\n  SNDL's earnings were held back in the first three months of the year market by softness across its businesses and operating territories. \n\n\n  The Canadian liquor and cannabis retailer recorded a narrowed net loss of 9.9 million Canadian dollars (US$7.2 million) against a year-earlier loss of C$14.7 million. \n\n\n  SNDL's gross profit declined to C$52.8 million for the first quarter, from C$56.6 million last year, which it said reflected lower revenue across all segments, as well as inventory adjustments and one-time costs in its cannabis operations. \n\n\n  SNDL's revenue fell to C$195.9 million from C$204.9 million a year prior. Revenue from cannabis was down 3.8% to C$91.8 million, while retail liquor revenue was 4.9% lower at C$104.1 million. \n\n\n  The company had C$213.4 million of unrestricted cash and no debt as of March 31. \n\n\n \n\n\n  Write to Robb M. 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