SNDL Inc. (SNDL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to SNDL's first quarter 2026 financial results conference call. This morning, SNDL issued a press release announcing their financial results for the first quarter of 2026 ended on March 31st, 2026. This press release is available on the company's website at SNDL.com and filed on Egger and Sadar as well. The webcast replay of the conference call will also be available on the SNDL.com website. SNDL has also posted a supplemental investor presentation. In addition to the conference call presentation, we will be reviewing today on its SNDL.com website. Presenting on this morning's call, we have Zach George, Chief Executive Officer of and Alberto Peradero, Chief Financial Officer. Before we start, I would like to remind investors that certain matters discussed in today's conference call or answers that may be given to questions could constitute forward-looking statements. Actual results could differ materially from those anticipated. Risk factors that could affect results are detailed in the company's financial reports and other public filings that are made available on CDAR and EDGAR. Additionally, all financial figures mentioned are in Canadian dollars unless otherwise indicated. We will now make prepared remarks and then we'll move on to the analyst questions. I would like now to turn the call over to Zach George. Please go ahead. Welcome to SNDL's Q1 2026 Financial and Operational Results Conference Call. During the first quarter of 2026, SNDL faced notable challenges beyond the usual seasonality that typically results in the lowest demand at the start of each calendar year. After 16 consecutive quarters of operational improvement, both our liquor and cannabis markets experienced declines in same-store sales. The downward trend in the liquor m...