By Robb M. Stewart
SNDL logged a narrowed loss for the latest quarter as growth in cannabis revenue offset weakness in liquor sales.
The Edmonton, Alberta, company's net loss narrowed in the third quarter to 13.3 million Canadian dollars ($9.5 million), or C$0.05 a share, from a year-earlier loss of C$19.3 million, or C$0.07.
Revenue for the quarter rose 3.1% to C$244.2 million.
Cannabis revenue was 14% higher at a record C$104.8 million, while liquor retail revenue dropped 3.6% to C$139.4 million as soft market demand weighed on sales. Sake-store liquor sales were down 2.6%, which it said was due to industry-wide volume declines, largely affecting its convenience-store banners Ace Liquor and Liquor Depot.
Chief Executive Zach George said SNDL reached a new record for quarterly free cash flow and the first time achieved positive cumulative free cash flow for the first nine months of the year.
The company continues to grow its cannabis business ahead of market and industry peers and is accelerating the pace of organic growth investments, George said.
In premarket trading, SNDL's shares were down 14% on Nasdaq. They last closed at $2.19, up 22% so far this year.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
November 04, 2025 08:22 ET (13:22 GMT)
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