SNDL Reports Q3 2026 Results with Record Free Cash Flow Amidst Revenue Declines
SNDL reported third-quarter 2026 net revenue of $238 million, a 2.5% year-over-year decrease driven by softness in liquor retail and cannabis operations. Despite the revenue dip, the company achieved record free cash flow of $20 million, representing a 19.5% increase from the previous year, aided significantly by the unwinding of a captive insurance arrangement. The company returned to adjusted operating profitability with $5.2 million, though it reported an overall operating loss of $48.3 million due to a $52 million non-cash goodwill impairment charge in its cannabis segment. While liquor retail saw declining same-store sales, gross margins reached record levels through improved procurement and pricing strategies.
Topics: Cannabis Operations Free Cash Flow Goodwill Impairment Liquor Retail Net Revenue Operating Income Share Repurchases
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Part of the story Loomis Reports Record Revenue and Operating Margins for Q3 2026 (40 articles)