SNDL Inc. (SNDL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to SNDL's second quarter 2026 financial results conference call. This morning, SNDL issued a press release announcing their financial results for the second quarter of 2026 ended on June 30th, 2026. This press release is available on the company's website at SNDL.com and filed on EDGAR and CDAR as well. The webcast replay of the conference call will also be available on SNDL.com website. SNDL has also posted a supplemental investor presentation in addition to the conference call presentation we'll be reviewing today on its SNDL.com website. Presenting on this morning's call, we have Zach George, Chief Executive Officer, and Alberto Paredero, 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 cause actual results are detailed on 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 will move on to analyst questions. I will now turn the call over to Zach George. Please go ahead. Welcome to S&DL's second quarter 2026 financial and operational results conference call. During the second quarter of 2026, S&DL continued to operate through a challenging market environment across both liquor and cannabis. Net revenue declined 3.7% year over year to $235.8 million, reflecting persistent demand softness and broader market headwinds. While these conditions pressured results, We stayed focused on discipline execution...