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Trulieve Cannabis (OTC) (TSE:TRUL)
:TRUL
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.17Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 2.20%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
Trulieve showcased strong financial performance with revenue, gross margin, and adjusted EBITDA improvements. Despite a net loss and increased SG&A expenses, the company's strategic initiatives and expansion efforts contributed positively. The setback in Florida's adult-use legalization was notable, but overall, the highlights outweigh the lowlights.Company Guidance
During Trulieve Cannabis Corporation's fourth quarter and full year 2024 financial results call, several key metrics were highlighted. Full year revenue grew by 5% from the previous year, reaching $1.2 billion, with fourth quarter revenue increasing by 6% sequentially to $301 million. The gross margin improved to 62% in the fourth quarter, driven by lower production costs, while the adjusted EBITDA increased by $15 million to $111 million, reflecting a 37% margin. For the full year, adjusted EBITDA was a record $420 million, marking a 30% increase from 2023. Trulieve also reported a full year operating cash flow of $271 million, surpassing their $250 million target. The company ended the year with $300 million in cash and investments, and plans to focus on balance sheet improvement by retiring at least half of its private placement notes maturing in October 2026. Additionally, Trulieve expanded its retail network by adding 33 new stores in 2024, bringing the total to 225 locations, with plans to open 10 more stores in 2025.Revenue Growth
Full year 2024 revenue grew by 5% compared to 2023, with fourth quarter revenue increasing 6% sequentially and 5% year-over-year.
Gross Margin Improvement
Gross margin improved to 62% in Q4 2024, driven by lower production costs, representing a significant improvement from 52% in 2023.
Adjusted EBITDA Increase
Adjusted EBITDA increased by $98 million to $420 million for full year 2024, a 30% increase from 2023, with a 37% margin in Q4 2024.
Customer Retention and Loyalty Program Success
Customer retention improved to 68% overall and 76% in medical-only markets, with loyalty program members spending 2.3 times more than non-members.
Successful Expansion and Retail Optimization
Trulieve added 33 new stores in 2024, ending the year with 225 locations, and plans to open 10 more in 2025 while refreshing or remodeling up to 45 dispensaries.
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TSE:TRUL 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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TSE:TRUL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | C$5.90 | C$6.31 | +6.95% |
| Nov 05, 2024 | C$17.63 | C$16.15 | -8.39% |
| Aug 06, 2024 | C$12.73 | C$13.44 | +5.58% |
| May 09, 2024 | C$14.87 | C$15.15 | +1.88% |
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 Trulieve Cannabis (OTC) (TSE:TRUL) report earnings?
Trulieve Cannabis (OTC) (TSE:TRUL) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Trulieve Cannabis (OTC) (TSE:TRUL) earnings time?
Trulieve Cannabis (OTC) (TSE:TRUL) earnings time is at May 08, 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 TSE:TRUL EPS forecast?
TSE:TRUL EPS forecast for the fiscal quarter 2025 (Q1) is -0.11.
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