SNDL Q4 Sales $182.55M Beat $178.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
SNDL reported Q4 sales of $182.55M, surpassing the $178.85M estimate, marking a 2.07% beat but reflecting a 24.07% decrease from the previous year's $240.41M.
March 21, 2024 | 10:11 am
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NEUTRAL IMPACT
SNDL's Q4 sales exceeded estimates but showed a significant year-over-year decline.
While SNDL's sales beat the analyst consensus, the significant year-over-year decrease could concern investors about the company's growth trajectory. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100