By Adriano Marchese
SNDL's operating loss narrowed in the fourth quarter on the back of stronger revenue from its cannabis segments, offsetting weaker alcohol sales.
The New York-listed Canadian liquor and cannabis retailer posted on Tuesday an operating loss of 76.1 million Canadian dollars ($53.3 million), which narrowed from a loss of C$85 million in the prior-year period.
Net revenue rose 3.7% to C$257.7 million.
Sales from its liquor segment, its largest, fell in the period by 3.4% to $154.1 million, due to continued softer demand for alcohol. Cannabis retail sales rose nearly 11% to C$83.2 million, and cannabis operations, its smallest unit, saw a 42% rise in revenue to C$37.1 million.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 18, 2025 07:29 ET (11:29 GMT)
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