Quarterly ResultApr 29, 2026, 06:56 AM
SNDL Q1 Revenue $195.9M, -4.4%; Operating Loss $(9.1)M; Repurchases 4.5M Shares
AI Summary
SNDL Inc. reported Q1 2026 net revenue of $195.9 million, a 4.4% decrease year-over-year, and a gross profit of $52.8 million, down 6.8%. The company posted an operating loss of $(9.1) million, an improvement of $2.9 million compared to the prior year, driven by the absence of prior-year valuation reductions and restructuring charges. Market headwinds in both Liquor and Cannabis segments impacted performance. SNDL also repurchased 4.5 million common shares during the quarter and is implementing profit-enhancement initiatives and advancing SunStream restructuring.
Key Highlights
- SNDL repurchased 4.5 million common shares in Q1 2026.
- Net revenue was $195.9 million, a 4.4% decrease year-over-year.
- Gross profit was $52.8 million, a 6.8% decrease year-over-year.
- Operating loss was $(9.1) million, an improvement of $2.9 million YoY.
- Free cash flow was negative $(7.6) million in Q1 2026.
- Liquor Retail net revenue declined 4.9% to $104.1 million.
- Cannabis Retail net revenue declined 0.3% to $77.3 million.
- Unrestricted cash was $213.4 million as of March 31, 2026.