SNDL (SNDL) has released an update.
SNDL Inc. has reported a slight decrease in net revenue for Q2 2024 compared to Q2 2023, primarily due to a downturn in the Liquor Retail segment, though the company saw growth in Cannabis Retail and Operations. Despite the revenue dip, SNDL achieved a significant 25.5% gross margin, setting a new record for the company and showcasing a substantial year-over-year and quarter-over-quarter profitability improvement, including a marked advancement in free cash flow. These financial results reflect SNDL’s strategic growth in cannabis while managing a challenging liquor market, and the company has a robust cash position with no debt.
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