NASDAQ$SNDL
SNDL Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
SNDL Q4 2024: record CAD 257.7M revenue (+3.7%), cannabis up 16.5%, net loss CAD 96.2M
SNDL Inc. reported Q4 and full-year 2024 results for the period ended December 31, 2024, with all figures in Canadian dollars. Q4 net revenue reached a record CAD 257.7 million, up 3.7% year over year, driven by 16.5% growth in the combined cannabis business partly offset by legal retail declines. Gross profit was a record CAD 68.8 million (+20.0% YoY) with gross margin expansion. The company reported an operating loss of CAD 76.1 million and a net loss of CAD 96.2 million, reflecting a CAD 65.7 million SunStream fair-value adjustment, a CAD 15.0 million Spiritleaf intangible write-off, and CAD 0.6 million restructuring charges. Excluding CAD 81.3 million of exceptional items, underlying operating income would have been positive. Free cash flow was positive CAD 11.6 million in Q4 and CAD 8.9 million for the full year.
- Q4 net revenue of CAD 257.7 million (+3.7% YoY) was a company record; full-year revenue reached CAD 920.4 million.
- Combined cannabis revenue grew 16.5% in Q4 and 10.6% for the full year.
- Gross profit hit a record CAD 68.8 million (+20.0% YoY) with margin improvement to 26.7%.
- Net loss of CAD 96.2 million driven by SunStream fair-value and Spiritleaf intangible charges totaling CAD 81.3 million.
- Q4 free cash flow was positive CAD 11.6 million; full-year free cash flow was CAD 8.9 million.
Headline financials
Revenue & EPS history
SNDL · Revenue · Quarterly
C$258M
Revenue by segment
SNDL · C$211M total across 3 segments · Q4 2026
- Liquor retailC$104M—49.4%
- Cannabis RetailC$77.3M—36.7%
- Cannabis OperationsC$29.4M—14.0%
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 Q4 2024
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro