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Charlotte's Web Holdings (CWBHF)
OTHER OTC:CWBHF
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -30.64%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted improvements in the B2B segment, successful e-commerce platform migration, and new product launches in Walmart, but also faced challenges with year-over-year revenue decline, gross margin impacts from inventory provisions, and a net loss for the quarter.Company Guidance
During the Q2 2024 earnings call for Charlotte's Web Holdings, the executives discussed multiple key metrics and strategic initiatives. The company reported Q2 revenues of $12.3 million, a decline from $16 million in the previous year, but a slight increase from Q1's $12.1 million. In the B2B segment, retail business improved by 8.8% over Q1, driven by new products and increased distribution, including a successful launch of CBD isolate topical products in 827 Walmart stores. Meanwhile, the direct-to-consumer (DTC) segment experienced a temporary dip due to an e-commerce platform migration, but the new system is already showing positive results. Gross margin was significantly impacted by a noncash inventory provision, but excluding this, it stood at 52.2%. The company also emphasized a strategic reduction in SG&A expenses, projecting over $20 million in savings for 2024, aligning with a breakeven target of $65 million in annual net revenue. With substantial cash reserves of $32.5 million, Charlotte's Web is optimistic about returning to growth through strategic initiatives, including expanded B2B and DTC efforts, and ongoing regulatory engagement.B2B Retail Business Segment Growth
B2B retail business segment improved by 8.8% over Q1, supported by increased distribution, new products, and retail partnerships.
Successful E-Commerce Platform Migration
Completed migration to a new e-commerce platform in June, resulting in improved performance and encouraging results in July.
New Product Launch in Walmart
Introduced affordable CBD isolate topical products in over 800 Walmart stores, showing positive sales performance and significant growth potential.
SG&A Expense Reductions
Implemented SG&A reductions expected to save more than $20 million for the year compared to 2023, aiming for cash flow breakeven.
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CWBHF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CWBHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.14 | $0.14 | 0.00% |
| Aug 08, 2024 | $0.15 | $0.15 | 0.00% |
| May 08, 2024 | $0.20 | $0.18 | -10.00% |
| Mar 21, 2024 | $0.20 | $0.18 | -10.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Charlotte's Web Holdings (CWBHF) report earnings?
Charlotte's Web Holdings (CWBHF) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Charlotte's Web Holdings (CWBHF) earnings time?
Charlotte's Web Holdings (CWBHF) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWBHF EPS forecast?
Currently, no data Available
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