SNDL Stock Slides On Q1 Revenue Miss, Soft Market Demand
SNDL Inc (NASDAQ:SNDL) shares are trading lower on Wednesday afternoon after reporting first-quarter financial results that featured a revenue miss. Here’s what investors need to know.
- SNDL stock is among today’s weakest performers. What’s weighing on SNDL shares?
SNDL Q1 Financial Performance and Segment Data
The company posted a net loss of four cents per share, which was in line with analyst expectations, but its net revenue of $195.9 million fell short of the estimated $210.3 million.
This performance represents a 4.4% revenue decrease from the same period in the prior year, a decline primarily driven by market headwinds impacting both the liquor and cannabis segments.
The liquor retail division saw revenue slide 4.9% to $104.1 …