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SNDL (SNDL)
NASDAQ:SNDL
Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.23Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -27.78%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant achievements in gross margin and free cash flow, alongside strategic acquisitions positioning the company for future growth. However, challenges such as declines in the Liquor segment and negative adjusted operating income tempered the otherwise positive results.Company Guidance
In the third quarter of 2024, SNDL reported robust financial performance, achieving a record gross margin of 26.6% and positive free cash flow of $9.2 million. Cannabis segments led with an 8% revenue growth, while Liquor retail faced a marginal revenue decline but improved its operating income by 42.5% year-over-year. The company increased its cash balances to $263 million, maintaining zero outstanding debt. Strategic initiatives included a $20 million annualized savings restructuring program and acquisitions of Indiva and Nova, enhancing SNDL's position in the Canadian infused edibles market. Despite a negative adjusted operating income of $16.6 million, primarily due to a $13.4 million fair value adjustment, the company demonstrated improved profitability and is on track to achieve positive free cash flow for the calendar year.Record-Breaking Gross Margin
Achieved an all-time high gross margin of 26.6% in Q3 2024, propelled by margin expansion in Liquor retail and significant improvements in Cannabis operations.
Positive Free Cash Flow
Reported a positive free cash flow of $9.2 million for Q3 2024, marking an upward trend compared to previous quarters.
Strong Cannabis Segment Growth
Cannabis segment posted an 8% growth in net revenue, contributing to a $14 million improvement in gross profit.
Strategic Acquisitions
Closed the acquisition of Indiva, emerging as a leader in the Canadian infused edibles category, and privatized Nova to benefit fully from retail segment growth.
Liquidity and Debt Management
Increased cash balances from $183 million to $263 million with no outstanding debt and an active share repurchase program.
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SNDL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNDL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $2.16 | $2.39 | +10.65% |
| Aug 02, 2024 | $2.21 | $2.11 | -4.52% |
| May 09, 2024 | $2.46 | $2.40 | -2.44% |
| Mar 21, 2024 | $1.53 | $1.44 | -5.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SNDL (SNDL) report earnings?
SNDL (SNDL) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is SNDL (SNDL) earnings time?
SNDL (SNDL) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNDL EPS forecast?
SNDL EPS forecast for the fiscal quarter 2024 (Q4) is -0.01.
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