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)

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