Sndl (SNDL) Gross Margin (2019 - 2026)
Sndl's (SNDL) quarterly Gross Margin came in at 23.9% in Q2 2026, down 372.0% YoY from 8.79% in Q2 2025, and down 11.34% on a QoQ basis from 26.96% in Q1 2026.
Sndl (SNDL) Gross Margin (2019 - 2026) Analysis & Trends
Sndl (SNDL) has 8 years of Gross Margin data on file, last reported at 23.9% in Q2 2026.
- Quarterly Gross Margin fell 372.0% year-over-year to 23.9% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 26.23% (down 87.0% YoY) and the FY2025 annual result came in at 27.33%, up 122.0% from the prior year.
- Gross Margin declined to 23.9% in Q2 2026, from 26.96% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 56.82% in Q4 2022 to a low of 0.0% in Q2 2022.
- A 5-year average of 23.4% and a median of 25.49% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin soared 7029 bps — and 2023, when it slumped 3375 bps.
- Tracing SNDL's Gross Margin over 5 years: stood at 56.82% in 2022, then plunged by 59 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 decreased by 14 bps to 23.9% in 2026.
- The last three Gross Margin figures came in at 23.9% (Q2 2026), 26.96% (Q1 2026), and 27.81% (Q4 2025), per Business Quant data.
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