Earnings ·
SNDL Inc. reported second quarter 2026 financial results showing net revenue of $235.8 million CAD, a 3.7% decline…
SNDLSNDL Inc.
SNDL Inc. reported second quarter 2026 financial results showing net revenue of $235.8 million CAD, a 3.7% decline year-over-year, driven by market headwinds in its Liquor and Cannabis segments. Gross profit fell 16.6% to $56.3 million, and the company posted an operating loss of $7.8 million, primarily due to Jeeter production ramp-up costs and lower Liquor Retail margins. Despite the operating loss, free cash flow improved to negative $6.7 million from negative $7.9 million in the prior year. The company completed the restructuring of Parallel Holdings, gaining indirect majority economic exposure to its U.S. medical cannabis operations in Florida, Texas, and Massachusetts, with expected annualized revenue of approximately US$150 million. SNDL maintained a debt-free balance sheet with $183.2 million in unrestricted cash and repurchased 11.7 million shares for $23.5 million during the quarter. SNDL Inc. operates as a vertically integrated cannabis company and the largest private-sector liquor and cannabis retailer in Canada.