Sundial Delivers Quarterly Net Revenue of $33.5 Million Representing 74% Sequential Growth

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Go back to Sundial Delivers Quarterly Net Revenue of $33.5 Million Representing 74% Sequential Growth

Sundial Growers (SNDL) Misses Q3 EPS by 98c, Revenues Miss

November 13, 2019 4:18 PM EST

Sundial Growers (NASDAQ: SNDL) reported Q3 EPS of ($1.06), $0.98 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $33.51 million versus the consensus estimate of $41.56 million.

"The increasing scale of our Canadian and new UK operations enabled us to significantly grow production and sales this quarter," said Torsten Kuenzlen, Chief Executive Officer of Sundial. "Our focused and phased growth strategy remains on track - scaling and optimizing our Canadian business to gain profitable market share by deepening our branded product portfolio, expanding our geographic footprint and leveraging our differentiated CPG approach... More