SNDL Shares Fall After Q2 Swings to Adjusted Operating Loss, Revenue Declines
SNDL (SNDL) shares fell more than 10% in Tuesday afternoon trading after the company swung to an adjusted operating loss and posted lower revenue in Q2.The company reported a Q2 adjusted operating loss of 7 million Canadian dollars ($5 million), swinging from a profit of CA$5.8 million a year earlier.Net revenue for the quarter ended June 30 was CA$235.8 million, down from CA$244.8 million a year earlier.Two analysts polled by FactSet expected CA$236.2 million.Price: $1.21, Change: $-0.14, Percent Change: -10.37%