HITI Earnings Prediction
The chart below shows how HITI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HITI sees a -4.43% change in stock price 10 days leading up to the earnings, and a -4.62% change 10 days following the report. On the earnings day itself, the stock moves by +1.96%. This data can give you a slight idea of what to expect for the next quarter's release.
HITI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
131.69M
5.90%
5.98%
Gross Margin
22.61%
7.77%
1.07%
Operating Margin
3.41%
555.77%
36.40%
Net Margin
0.63%
121.95%
350.00%
EPS
0.01
125.00%
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No Data Available
HITI Earnings Analysis
High Tide Inc. Common Shares Corporation (HITI.O) Earnings Conference Call
Positive
Record Q3 Revenue Growth: Revenue for Q3 was an all-time record at $131.7 million, up 6% year-over-year and sequentially.
Bricks-and-Mortar Growth: Our bricks-and-mortar segment led the way, up 10% year-over-year and outperforming our expectations.
Record Cash Balance: We ended the quarter with a cash balance of $35.3 million, the most we've ever had.
EBITDA Growth Rate: Adjusted EBITDA was $9.6 million for the quarter, up 24% year-over-year.
Membership Growth Statistics: We are now at 1.55 million members, up an impressive 8% sequentially and 41% year-over-year.
Negative
Gross Margin Decline: Consolidated gross margins were 27% in Q3 2024, which was a percentage lower than the 28% generated last quarter and in Q3 last year.
Rising Operating Expenses: Operating expenses increased in Q3, both in dollar terms and as a percentage of revenue, primarily due to the rapid pace of store growth with 11 stores opened during the quarter.
EBITDA Decline Amid Growth: Despite achieving record revenue, adjusted EBITDA was down 4% sequentially versus $10 million in Q2, attributed to the heightened pace of growth with 21 stores added this calendar year.
Sales Decline Analysis: The company experienced a 12% year-over-year decline in overall sales, indicating a significant drop in market performance compared to previous quarters.
Gross Margin Challenges: The average gross margins were just below the previous year's performance, indicating challenges in maintaining profitability amidst competitive pressures.
HITI FAQs
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HITI Earning Call Sentiment
High Tide Inc. (HITI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HITI.O
1.9%Positive
The earnings call summary shows mixed signals. Financial performance is solid with revenue growth and improved net income, but free cash flow declined and gross margin fell slightly. The Q&A section highlights challenges like supply chain issues and pricing pressure from the illicit market. However, the company is expanding store count and sees opportunities in M&A. The overall sentiment is neutral, as positive financial metrics are balanced by operational risks and uncertainties in market dynamics.
