Earnings ·
SNDL reports $50.8M Q3 loss on $52.1M impairment; buys back $43.1M of shares YTD
SNDLSNDL Inc.
SNDL Inc. reported a net loss of $50.8 million, or $0.21 per share, for the three months ended September 30, 2026, compared to a $13.3 million loss in the prior year period. The wider loss was driven by a $52.3 million asset impairment charge and a decrease in gross profit of $6.3 million, partially offset by lower general and administrative expenses and increased share of profit from equity-accounted investees. For the nine months ended September 30, 2026, the company posted a net loss of $68.5 million against revenue of $670 million. During the quarter, SNDL repurchased and cancelled 5.4 million common shares for $10.0 million, bringing year-to-date buybacks to $43.1 million across 21.6 million shares. The company operates in the cannabis and liquor retail sectors in Canada.