SNDL 3Q Loss Narrows, Revenue Slips

Dow Jones

2024-11-05

By Adriano Marchese

SNDL reported a narrower loss in the third quarter while revenue came under pressure from softer liquor retail sales.

The Calgary, Alberta-based, New York-listed liquor and cannabis company on Tuesday posted a loss of 19.3 million Canadian dollars ($13.9 million), compared with a loss of C$21.8 million in the comparable quarter a year ago.

Revenue in the period fell to C$236.9 million from C$237.6 million, driven by market softness in the liquor retail segment, which offset strength in its cannabis retail and operations segments.

Liquor retail same-store sales decreased by 5%.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 05, 2024 07:39 ET (12:39 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNDL","symbol_name":"SNDL Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481329505","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481329505","pubTimestamp":1730810340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"SNDL reported a narrower loss in the third quarter while revenue came under pressure from softer liquor retail sales.The Calgary, Alberta-based, New York-listed liquor and cannabis company on Tuesday posted a loss of 19.3 million Canadian dollars , compared with a loss of C$21.8 million in the comparable quarter a year ago.Revenue in the period fell to C$236.9 million from C$237.6 million, driven by market softness in the liquor retail segment, which offset strength in its cannabis retail and operations segments.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SNDL":"SNDL Inc."},"translate_title":"SNDL第三季度亏损收窄，收入下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNDL":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  SNDL reported a narrower loss in the third quarter while revenue came under pressure from softer liquor retail sales. \n\n\n  The Calgary, Alberta-based, New York-listed liquor and cannabis company on Tuesday posted a loss of 19.3 million Canadian dollars ($13.9 million), compared with a loss of C$21.8 million in the comparable quarter a year ago. \n\n\n  Revenue in the period fell to C$236.9 million from C$237.6 million, driven by market softness in the liquor retail segment, which offset strength in its cannabis retail and operations segments. \n\n\n  Liquor retail same-store sales decreased by 5%. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 07:39 ET (12:39 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}