Sndl (SNDL) Gross Margin (2019 - 2026)

Sndl has reported Gross Margin for 8 years, with the latest figure at 26.96% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 68.0% year-over-year to 26.96%; the trailing twelve-month figure through Mar 2026 stood at 27.18% (up 61.0% YoY), and the FY2025 full-year result was 27.33%, up 122.0% from the prior year.
• Gross Margin for Q1 2026 stood at 26.96%, down from 27.81% in the prior quarter.
• The five-year high for Gross Margin was 27.81% in Q4 2025, with the low at 5.97% in Q4 2022.
• Historically, Gross Margin has averaged 22.94% across 5 years, with a median of 25.49% in 2024.
• Annual changes were most pronounced in 2022 — Gross Margin jumped 5009 bps — and 2023, when it sank 240 bps.
• Sndl's Gross Margin stood at 5.97% in 2022, then jumped by 286 bps to 23.08% in 2023, then gained by 16 bps to 26.7% in 2024, then gained by 4 bps to 27.81% in 2025, then declined by 3 bps to 26.96% in 2026.
• The last three Gross Margin figures came in at 26.96% (Q1 2026), 27.81% (Q4 2025), and 26.28% (Q3 2025), per Business Quant data.