SNDL (NASDAQ:SNDL) Announces Quarterly Earnings Results

SNDL (NASDAQ:SNDL) announced its quarterly earnings data on Tuesday. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.18), Zacks reports. The business had revenue of $179.06 million during the quarter, compared to the consensus estimate of $248.10 million. SNDL had a negative net margin of 12.11% and a negative return on equity of 8.27%.

SNDL Stock Down 2.2 %

Shares of SNDL stock traded down $0.04 during mid-day trading on Wednesday, hitting $1.57. The stock had a trading volume of 694,227 shares, compared to its average volume of 3,312,979. SNDL has a 12-month low of $1.40 and a 12-month high of $2.93. The firm has a market capitalization of $411.24 million, a P/E ratio of -5.05 and a beta of 3.39. The firm’s 50-day moving average is $1.72 and its two-hundred day moving average is $1.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.61 and a quick ratio of 4.16.

SNDL Company Profile

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.