SNDL Reports Q1 Earnings, Highlights ‘Robust’ Growth Across Cannabis Segments, Announces Formal Strategic Review, Shares Slide
SNDL Inc (NASDAQ:SNDL) reported first-quarter financial results before the market open on Thursday. Here’s a rundown of the report.
What Happened: SNDL reported first-quarter revenue of 204.91 million Canadian dollars ($148.47 million), missing analyst estimates of CA$243.3 million, according to Benzinga Pro. The company reported a loss of CA$0.06 per share, in line with analyst estimates.
Total revenue was up 3.6% on a year-over-year basis, primarily driven by 16.8% growth in the company’s combined cannabis business.
“In the first quarter of 2025, we saw robust growth in our Cannabis segments and record aggregate Gross Margin. Our improvements in Free Cash …