SNDL's third quarter 2026 revenue misses estimates at C$238M with widened net loss

SNDL Inc. reported third quarter 2026 net revenue of C$238.0 million, falling short of the analyst expectation of C$248.5 million. The company realized a net loss of C$50.8 million, or C$0.21 per share, significantly missing the estimated C$0.01 loss per share, primarily driven by a substantial asset impairment charge recorded during the period.

Key Highlights

• Net revenue declined 2.5% year-over-year to C$238.0 million, compared to C$244.2 million in the third quarter of 2025.
• Operating loss widened to C$48.3 million from C$11.1 million, largely due to a C$52.3 million non-cash asset impairment charge.
• Cash and cash equivalents decreased to C$132.5 million from C$252.2 million at the end of 2025, following the expenditure of C$189.4 million on share repurchases during the year-to-date period.