Sndl Inc. (SNDL) has released an update.
SNDL Inc. has reported a 4% increase in net revenue for Q1 2024, reaching $197.8 million, alongside a record gross margin of 25%. The company has significantly improved its cash flow and operating loss figures compared to Q1 2023, demonstrating enhanced profitability and operational efficiency. With a strategic focus on retail expansion and no outstanding debt, SNDL is in a robust position for sustained growth.
For further insights into SNDL stock, check out TipRanks’ Stock Analysis page.
