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Ascend Wellness Holdings LLC (AAWH)
OTHER OTC:AAWH
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 10, 2021
|% Change Since: -26.00%
|Next Earnings Date:May 18, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in Ohio and a strategic focus on cost savings and retail expansion. However, challenges such as margin pressure, increased competition, and a conservative outlook for Q4 present significant hurdles. While there are promising initiatives underway, immediate market conditions and financial performance remain mixed.Company Guidance
During Ascend Wellness Holdings' third quarter 2024 earnings call, the company outlined several key financial priorities and guidance metrics for the upcoming quarters. They are implementing cost-saving initiatives targeting a reduction of $30 million in expenditures by 2025, with half anticipated in SG&A and the other half in COGS. The focus is on improving margins to align more closely with their MSO peers, aiming to shift from the bottom quartile to the middle of their peer group. Additionally, Ascend is pursuing a strategy of vertical sales growth, planning to open at least 20 new dispensaries in the midterm, including six in development across Michigan, Pennsylvania, Ohio, and New Jersey. The company also emphasized the importance of driving sustainable cash flow generation and noted that while revenue and adjusted EBITDA for Q4 are expected to be flat or slightly down sequentially, they remain optimistic about future growth opportunities, especially as adult-use sales in Ohio begin to ramp up.Cost Savings Initiatives
Ascend Wellness Holdings plans to reduce expenditures by $30 million in 2025 through cost savings initiatives. This includes reducing SG&A and COGS, with about half of the savings in each category.
Adult-Use Sales Success in Ohio
Adult-use sales in Ohio outperformed expectations, with retail revenue up over 3x post-transition. The Cincinnati location saw as much as a 12-fold increase in sales.
Strong Retail and Wholesale Growth
Despite market challenges, retail revenue remained flat at $94 million, and third-party wholesale revenue increased by 73% year-over-year.
Expanded Retail Footprint
The company opened its fifth dispensary in Pennsylvania and plans to open at least 20 new locations in the midterm.
New Product Launch - Effin' Edibles
Launched a new edibles-only brand, Effin', which quickly became the #1 edible brand in the retail network in Illinois and Massachusetts during its first week.
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AAWH 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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AAWH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $0.50 | $0.56 | +12.00% |
| Aug 05, 2024 | $1.07 | $0.89 | -16.82% |
| May 07, 2024 | $1.29 | $1.26 | -2.33% |
| Mar 12, 2024 | $1.06 | $1.06 | 0.00% |
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 Ascend Wellness Holdings LLC (AAWH) report earnings?
Ascend Wellness Holdings LLC (AAWH) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Ascend Wellness Holdings LLC (AAWH) earnings time?
Ascend Wellness Holdings LLC (AAWH) earnings time is at Mar 18, 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 AAWH EPS forecast?
AAWH EPS forecast for the fiscal quarter 2024 (Q4) is -0.1.
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