Canadian Cannabis SNDL Achieves Break-Even Free Cash Flow For 2024
On Tuesday, SNDL Inc. (NASDAQ:SNDL) reported fourth-quarter sales of CA257.68 million, up 3.7% year over year, beating the consensus of CA248.10 million.
Net revenue for 2024 was CA920.4 million, up 1.3%.
The company says the quarter and the full year represent new records for the corporation, driven by strong growth from the combined cannabis business of +16.5% in the fourth quarter and +10.6% over the full year.
Net revenue for liquor retail continued to decline in the fourth quarter to CA154.08 million, down 3.4%, although slightly slower than in previous quarters, amid market demand softness.
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