SNDL releases transcript of Q2 2026 results conference call
SNDL•Margin pressure tied to Jeeter ramp-up
SNDL said the cannabis operations margin miss was mostly related to the Jeeter ramp-up. The CFO estimated that 80% to 90% of the gross margin shortfall was tied to that ramp.
Share repurchases and restructuring update
The company repurchased 12 million shares for CAD 23.3 million at an average of USD 1.43 per share. Since Q4 2024, SNDL has repurchased more than 29 million shares.
Management also said it completed a Parallel restructuring milestone and expects direct control of its U.S. medical cannabis operations in the coming months, pending remaining requirements.
Q2 2026 results call participants and highlights
SNDL’s Q2 2026 results call featured CEO Zachary George, CFO Alberto Paredero, Alliance Global Partners’ Aaron Grey, and ATB Cormark’s Frederico Gomes.
- Net revenue fell 3.7% to CAD 235.8 million.
- Gross profit dropped to CAD 56.3 million.
- Operating loss was CAD 7.8 million.
- Free cash flow was .
