SNDL Q2 Revenue Drops 1.6% YoY Due To Liquor Segment, Cannabis Operations Still Strong, Gross Margin Hits All-Time Record
Portfolio Pulse from Nina Zdinjak
SNDL Inc. reported a 1.6% YoY drop in Q2 revenue due to softness in the liquor segment, while cannabis operations showed strong growth. The company achieved a record gross margin of 25.5% and significantly reduced its net loss. SNDL also announced a restructuring project expected to save over CA$20 million annually.
August 02, 2024 | 12:51 pm
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SNDL Inc. reported a slight YoY revenue drop due to the liquor segment, but strong cannabis operations and a record gross margin of 25.5%. The company also announced a restructuring project expected to save over CA$20 million annually.
Despite a slight YoY revenue drop, SNDL's strong performance in cannabis operations and record gross margin are positive indicators. The restructuring project aimed at saving CA$20 million annually is likely to boost investor confidence and support short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100