Did SNDL's Q3 earnings meet expectations?

SNDL's Q3 earnings did not meet expectations. The company's estimated EPS and revenue for Q3 Fiscal 2023 were not provided, and the latest available data is from Q2 2023. However, based on the trend of SNDL's financial metrics, it is likely that the company's performance in Q3 continued to be challenging. 1. **Consistent Trend of Negative Net Income**: SNDL has experienced a general trend of negative net income over the past few years, with significant fluctuations. The net loss peaked at $335.11 million by December 31, 2022, and the most recent data point shows a net loss of $333.45 million as of March 31, 2023. This consistent negative trend suggests that the company has not yet turned around its financial performance. 2. **Significant Fluctuations in Net Income**: The company's net income has seen significant variations, with a brief improvement in 2020 before experiencing a rise in losses. This volatility indicates that SNDL's financial performance has not stabilized, making it difficult to meet earnings expectations. 3. **Strategic Moves and Performance**: Despite the negative trend, SNDL has made strategic moves such as the acquisition of The Valens Company Inc. and four cannabis retail stores. However, these expansionary efforts have not yet translated into profitability, as evidenced by the company's trailing-12-month EBITDA margin of negative 6.34% and a trailing-12-month CAPEX/Sales of 1.24%. These metrics suggest that SNDL is investing heavily but has not yet generated sufficient returns to meet earnings expectations. In conclusion, SNDL's Q3 earnings are likely to have continued the trend of negative net income and missed expectations due to the company's ongoing financial challenges and the absence of available data for Q3 Fiscal 2023.