The earnings call was largely positive, marked by record revenue and significant market share growth. The company showcased strong financial performance and expansion capabilities. However, challenges in the e-commerce segment and pressures from the illicit market were noted. Despite these challenges, the overall outlook remains optimistic.

Company Guidance

During the Q3 2024 earnings call, High Tide Inc. provided several key metrics and forward-looking insights that highlighted their robust financial performance and strategic growth initiatives. The company reported a record quarterly revenue of $131.7 million, marking a sequential growth of 6%. High Tide achieved a free cash flow of $3.1 million, marking five consecutive quarters of positive free cash flow, with a trailing four-quarter free cash flow totaling $21.8 million, representing a yield of over 9% versus enterprise value. The company also expanded its market presence with 183 stores and reached a 12% market share, up from 10% a year ago. The Cabana Club membership grew to 1.55 million, a 41% increase year-over-year, with the ELITE paid membership tier rising 30% sequentially to 57,000 members. Additionally, High Tide reported a net income of $800,000, an improvement from $200,000 in Q2, and maintained a strong cash balance of $35.3 million. They are on track to meet the upper end of their guidance to open 20 to 30 new stores in 2024 and aim to further increase their market share towards a 15% goal.

Record-Breaking Revenue and Growth

High Tide reported an all-time record revenue of $131.7 million, up 6% sequentially. The company has been free cash flow positive for five consecutive quarters.

Significant Market Share Achievement

High Tide reached a market share of 12%, up from 10% a year ago, and aims for a 15% market share across its operating provinces.

Expansion and Store Growth

The company opened 11 new Cabanas during Q3, reaching a total of 183 stores. They surpassed the lower end of their range to add 20 to 30 new stores this year.

Strong Membership Growth

The Cabana Club membership grew to 1.55 million, up 8% sequentially and 41% year-over-year. The ELITE tier saw a 30% sequential increase, reaching 57,000 members.

Improved Financial Metrics

Net income improved to $800,000 in Q3 from $200,000 in Q2. The company ended the quarter with a cash balance of $35.3 million.

Data and Advertising Revenue Growth

Cabanalytics and related platforms generated $9 million in Q3, up 36% year-over-year.

---

High Tide, Inc. (DE:2LYA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:2LYA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 01, 2019	2018 (Q4)	- / -0.21	―	―	―	―
Apr 01, 2019	2019 (Q1)	- / -	―	―	―	―
Mar 31, 2020	2019 (Q4)	- / -0.20	-0.209	2.91% (<+0.01)	―	―
Mar 31, 2020	2020 (Q1)	- / -	-0.209	―	―	―
Jun 17, 2020	2020 (Q2)	- / -0.20	-0.101	-100.00% (-0.10)	―	―
Sep 16, 2020	2020 (Q3)	- / 0.20	-0.203	200.00% (+0.41)	―	―
Mar 02, 2021	2020 (Q4)	0.00 / -0.20	-0.203	0.00% (0.00)	―	―
Mar 31, 2021	2021 (Q1)	- / -	-0.203	―	―	―
Jun 28, 2021	2021 (Q2)	<0.01 / -0.01	-0.203	93.33% (+0.19)	―	―
Sep 14, 2021	2021 (Q3)	0.00 / -0.02	0.203	-110.00% (-0.22)	―	―

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

---

DE:2LYA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 16, 2024	€1.97	€1.95	-0.71%
Jun 13, 2024	€2.40	€2.19	-8.75%
Mar 15, 2024	€1.49	€1.58	+5.97%
Jan 29, 2024	€1.73	€1.76	+1.73%

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.

---