NASDAQ$SNDL
SNDL Inc · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
SNDL reported its Q1 2025 earnings, showing growth in net revenue and gross profit, driven by its Cannabis segment.
SNDL's Q1 2025 results indicate a positive trend with a 3.6% increase in net revenue to $205 million and a significant 12.4% rise in gross profit to $56.6 million. The Cannabis segment was a key driver of revenue growth, consistently expanding over the past thirteen quarters, while the Liquor Retail segment experienced a slight decline.
- Revenue growth in Q1 was primarily driven by the Cannabis segment, showcasing the benefits of the Company's vertical integration strategy.
- The increase in gross margin was largely due to productivity initiatives within the Cannabis Operations segment and synergies from the Indiva acquisition.
- Improved cash generation was achieved through continued operational improvements and better working capital management.
- Despite overall revenue growth, the Liquor Retail segment saw a decrease in net revenue and gross profit compared to the previous year.
Headline financials
Revenue & EPS history
SNDL · Revenue · Quarterly
$205M
Revenue by segment
SNDL · $211M total across 3 segments · Q4 2026
- Liquor retail$104M—49.4%
- Cannabis Retail$77.3M—36.7%
- Cannabis Operations$29.4M—14.0%
Forward guidance
The report does not contain explicit forward-looking guidance for future quarters.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
+0.4%
Avg return
Earnings day
-3.1%
Avg return
5 days after
-1.5%
Avg return
30 days after
44%
12 / 27 earnings
Positive
+57.6%
Q1 2020
Best reaction
-38.5%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +1.3% | -3.4% | -0.0% | |
| Q3 2025 | -14.8% | -18.7% | -19.6% | |
| Q2 2025 | +19.9% | +15.3% | +86.1% | |
| Q1 2025 | -5.4% | -12.1% | -14.8% | |
| Q4 2024 | +3.2% | +1.9% | -9.7% | |
| Q3 2024 | -4.6% | -8.3% | -12.0% | |
| Q2 2024 | -7.0% | -8.6% | -10.9% | |
| Q1 2024 | -6.5% | +6.5% | -17.1% | |
| Q4 2023 | +14.4% | +28.8% | +22.2% | |
| Q3 2023 | +7.0% | +3.5% | +3.5% | |
| Q2 2023 | -0.6% | -1.9% | -7.1% | |
| Q1 2023 | -3.6% | +4.1% | -17.2% | |
| Q4 2022 | -3.5% | +3.5% | +18.7% | |
| Q3 2022 | +3.1% | +0.0% | -8.8% | |
| Q2 2022 | +14.4% | +7.2% | -1.1% | |
| Q1 2022 | +13.8% | +8.3% | -21.1% | |
| Q4 2021 | +1.0% | -3.8% | -22.4% | |
| Q3 2021 | +35.7% | +23.2% | -13.6% | |
| Q2 2021 | -7.1% | -11.6% | -10.5% | |
| Q1 2021 | -4.0% | -3.4% | +40.7% | |
| Q4 2020 | -3.3% | -13.9% | -43.9% | |
| Q3 2020 | -35.2% | -40.2% | +15.5% | |
| Q2 2020 | -18.2% | -22.2% | -45.6% | |
| Q1 2020 | +57.6% | +43.2% | +150.6% | |
| Q4 2019 | -38.5% | -54.7% | -52.0% | |
| Q3 2019 | -14.4% | -26.2% | -33.9% | |
| Q2 2019 | +6.6% | +0.6% | -15.8% | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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