SNDL Inc (NAS:SNDL)

Q1 2026 SNDL Inc Earnings Call Transcript

Apr 29, 2026 / 02:00 PM GMT

Release Date Price: $1.32 (-10.54%)

Transcript

Key Points

Positve

SNDL Inc (SNDL) reported improvements in gross margin for both liquor and cannabis retail segments.
The company secured an exclusive contract for the production and commercialization of Jeter, a leading U.S. cannabis brand, which is expected to drive growth.
SNDL Inc (SNDL) implemented profit enhancement initiatives projected to generate over $20 million in incremental operating income for the year.
The company expanded its cannabis retail network by six stores, including five cost cannabis locations in Alberta and Saskatchewan.
SNDL Inc (SNDL) reported a 94% increase in international sales, indicating strong growth potential in international markets.

Negative

SNDL Inc (SNDL) experienced a 4.4% year-over-year decline in net revenue, primarily due to market contractions in liquor retail and cannabis operations.
The cannabis operations segment saw a 14% year-over-year decrease in net revenue, driven by restocking activity and timing of business-to-business orders.
Gross profit declined by 6.8% compared to the same period last year, with a consolidated gross margin decline of 70 basis points.
Free cash flow was negative $7.6 million for the quarter, impacted by seasonality and increased capital expenditures.
The company faced challenges in the cannabis market, with a 2.5% decline in same-store sales in cannabis retail, partially offset by new store openings.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SNDL.OQ - SNDL Inc
Q1 2026 SNDL Inc Earnings Call
Apr 29, 2026 / 02:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning, and welcome to SNDL's first-quarter 2026 financial results conference call. This morning, SNDL issued a press release announcing their financial results for the first quarter of 2026 ended on March 31, 2026.

This press release is available on the company's website at sndl.com and filed on Edgar and Sadar as well. The webcast replay of the conference call will also be available on the sndl.com website.

SNDL has also posted a supplemental investor presentation in addition to the conference call presentation we will be reviewing today on its SNDL.com website.

Presenting on this morning's call, we have Zach George, Chief Executive Officer, and Alberto Paradero, Chief Financial Officer. Before we start, I would like to

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.