Earnings Season Kicks Off With SNDL's Mixed Quarter | TTB Presented by Flowhub

The Dales Report | Trade to Black · Oct 28, 2026 · 1h 10m

Earnings season kicks off on the Trade to Black podcast, presented by Flowhub, as hosts Shadd Dales and Anthony Varrell break down SNDL's (NASDAQ: SNDL) third-quarter 2026 results. Revenue came in at $238.0 million, in line with ATB Capital Markets' estimate, and adjusted EBITDA of $15.8 million beat its $11.3 million forecast. Same-store sales fell 3.8% in cannabis retail and 6.0% in liquor retail, gross margin slipped to 24.3%, and the cannabis operations segment is under strategic review. SNDL ended the quarter with $141.1 million in cash and no debt, repurchased about 2% of its shares…