SNDL Quarterly Loss Narrows With Growth in Cannabis Revenue

Dow Jones
2025/11/04
 

By Robb M. Stewart

 

SNDL logged a narrowed loss for the latest quarter as growth in cannabis revenue offset weakness in liquor sales.

The Edmonton, Alberta, company's net loss narrowed in the third quarter to 13.3 million Canadian dollars ($9.5 million), or C$0.05 a share, from a year-earlier loss of C$19.3 million, or C$0.07.

Revenue for the quarter rose 3.1% to C$244.2 million.

Cannabis revenue was 14% higher at a record C$104.8 million, while liquor retail revenue dropped 3.6% to C$139.4 million as soft market demand weighed on sales. Sake-store liquor sales were down 2.6%, which it said was due to industry-wide volume declines, largely affecting its convenience-store banners Ace Liquor and Liquor Depot.

Chief Executive Zach George said SNDL reached a new record for quarterly free cash flow and the first time achieved positive cumulative free cash flow for the first nine months of the year.

The company continues to grow its cannabis business ahead of market and industry peers and is accelerating the pace of organic growth investments, George said.

In premarket trading, SNDL's shares were down 14% on Nasdaq. They last closed at $2.19, up 22% so far this year.

 

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

 

(END) Dow Jones Newswires

November 04, 2025 08:22 ET (13:22 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10