2024-05-09 13:12:03 ET
SNDL Inc. (SNDL)
Q1 2024 Earnings Conference Call
May 09, 2024 10:30 AM ET
Company Participants
Zachary George - Chief Executive Officer
Alberto Paredero-Quiros - Chief Financial Officer
Conference Call Participants
Frederico Gomes - ATB Capital Markets
Yewon Kang - Canaccord Genuity
Pablo Zuanic - Zuanic & Associates
Presentation
Operator
Good morning, and welcome to the SNDL's First Quarter 2024 Financial Results Conference Call. This morning, SNDL issued a press release announcing their financial results for the year-end and fourth quarter ended on March 31, 2024. This press release is available on the company's website at sndl.com and filed on EDGAR and SEDAR as well. The webcast replay of the conference call will be also 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 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 should 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 SEDAR and EDGAR. Additionally, all financial figures mentioned are in Canadian dollars unless otherwise indicated. We will now make prepared remarks and then will move on analyst questions.
I would now like to turn the call over to Zach George. Please go ahead.
Zachary George
Good morning, everyone. Thank you for joining us for our first quarter 2024 financial and operational results conference call. We are pleased with our performance in the first quarter of 2024, which reflects a positive trajectory for SNDL. The improvement in profitability across all of our operating segments is undeniable, building on a multi-year trend that includes improved revenue in eight of our last nine quarters. We are just beginning to inflect that scale and are focused on generating results that showcase the benefits of our diversified strategy, a series of acquisitions and modest organic growth.
Revenue growth in our liquor retail segment includes the expansion of our private label program and the initial launch of our commercial data offerings. In cannabis retail, we saw strong cash flow in the quarter and recently announced further enhancements to our retail network with an expansion into British Columbia....
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SNDL Inc. (SNDL) Q1 2024 Earnings Call Transcript