Q4 2024 SNDL Inc Earnings Call Transcript

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Mar 18, 2025

Mar 18, 2025 / 02:00PM GMT
Operator

Hello, everyone, and welcome to SNDL fourth quarter 2024 results conference call. (Operator Instructions) Please be advised that today's conference is being recorded.

Now it's my pleasure to turn the call over to Zack George. The floor is yours.

Zachary George - SNDL Inc - Chief Executive Officer, Director

Good morning, and welcome to SNDL's Q4 and full year 2024 financial and operational results conference call.

2024 has been a year of records for SNDL. And we are pleased to report record full year net revenue, gross profit, gross margin as well as positive cash flow and free cash flow. Our Cannabis segments continue to show strong momentum, achieving steady revenue gains for the 12th consecutive quarter, and we continue to grow well ahead of market averages.

Our Liquor segment revenue was impacted by a market slowdown, although we are proud of how our team managed to improve margins and cost efficiencies to deliver record profitability and cash flow growth. In fact, despite volume headwinds, our Liquor segment has never performed

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