SNDL Shares Fall After Q2 Swings to Adjusted Operating Loss, Revenue Declines

MT Newswires Live

Jul 29

SNDL (SNDL) shares fell more than 10% in Tuesday afternoon trading after the company swung to an adjusted operating loss and posted lower revenue in Q2.

The company reported a Q2 adjusted operating loss of 7 million Canadian dollars ($5 million), swinging from a profit of CA$5.8 million a year earlier.

Net revenue for the quarter ended June 30 was CA$235.8 million, down from CA$244.8 million a year earlier.

Two analysts polled by FactSet expected CA$236.2 million.

Price: 1.21, Change: -0.14, Percent Change: -10.37

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