NASDAQ$SNDL
SNDL Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
SNDL Inc reported its financial and operational results for the second quarter ended June 30, 2026, with net revenue of CAD 235.8 million.
SNDL reported Q2 2026 net revenue of CAD 235.8 million, down 3.7% YoY due to market headwinds in liquor and cannabis segments. Gross profit declined 16.6% to CAD 56.3 million, resulting in an operating loss of CAD 7.8 million. The company maintained a debt-free balance sheet with CAD 183.2 million in unrestricted cash and continued share repurchases.
- Net revenue CAD 235.8 million (-3.7% YoY); gross profit CAD 56.3 million (-16.6% YoY).
- Operating loss of CAD 7.8 million vs. income of CAD 5.0 million in Q2 2025.
- Free cash flow negative CAD 6.7 million, improved YoY; unrestricted cash CAD 183.2 million, no debt.
- Repurchased 11.7 million shares in Q2; advancing Parallel restructuring for potential US expansion.
Headline financials
Revenue & EPS history
SNDL · Revenue · Quarterly
C$168M
Revenue by segment
SNDL · C$351M total across 4 segments · Q2 2026
- Liquor RetailC$135M—38.4%
- Total CannabisC$101M—28.8%
- Cannabis RetailC$83.2M—23.7%
- Cannabis OperationsC$32.2M—9.2%
Forward guidance
Expect stronger performance in H2 2026 and positive free cash flow for the full year; advancing Parallel acquisition for US market entry.
Tailwinds
- Debt-free balance sheet with strong liquidity.
- Active share repurchase program.
- Potential to exceed $1B annual revenue post-Parallel integration.
Headwinds
- Continued market softness in core segments.
- Temporary production inefficiencies in cannabis operations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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 |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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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