SNDL (NASDAQ:SNDL) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

SNDL (NASDAQ:SNDL) released its earnings results on Tuesday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.18), Zacks reports. The company had revenue of $179.06 million for 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 Trading Down 2.2 %

SNDL stock traded down $0.04 during mid-day trading on Wednesday, hitting $1.57. The company’s stock had a trading volume of 694,227 shares, compared to its average volume of 3,312,979. The company has a 50 day moving average of $1.72 and a 200-day moving average of $1.89. The stock has a market cap of $411.24 million, a PE ratio of -5.05 and a beta of 3.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.16 and a current ratio of 5.61. SNDL has a one year low of $1.40 and a one year high of $2.93.

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.