Latest / The Dales Report | Trade to Black
What SNDL’s Latest Quarter Really Says | TTB Presented by Flowhub
In our latest Trade to Black, presented by Flowhub, hosts Shadd Dales and Anthony Varrell kick off cannabis earnings season with SNDL (NASDAQ: SNDL), the first company out of the gate this quarter. Revenue for the quarter ended June 30 fell 3.7% year over year to C$235.8 million, while gross profit dropped 16.6% to C$56.3 million, with gross margin contracting 3.7 percentage points to 23.9%. SNDL posted an operating loss of C$7.8 million, driven by softening liquor and cannabis demand, heavier promotional activity, Jeeter production ramp-up costs, and a C$2.3 million writedown on its…
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