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Better Choice Company (BTTR)
NYSE MKT:BTTR
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$20.84Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -7.92%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in revenue growth, profitability, and strategic positioning, driven by strong performance in key markets and operational efficiencies. Despite a year-over-year sales decline due to strategic decisions, the overall outlook remains positive with future growth opportunities through acquisitions.Company Guidance
During the Better Choice Company's third quarter 2024 earnings call, the executives highlighted several key financial metrics demonstrating the company's improved performance and strategic pivots. The company achieved a 33% quarter-over-quarter sales growth, reaching $11.4 million, and improved its gross margin for the third consecutive quarter to 40%. Notably, Better Choice experienced its first profitable quarter in years, with adjusted EBITDA surpassing $200,000. Additionally, the average fill rates improved to 97%, and inventory was reduced by 48% year-over-year. International performance was robust, with Asia Pacific sales growing 92% quarter-over-quarter and 9% year-over-year. Domestically, the digital channel saw a 10% net sales growth year-over-year, with a 23% increase in new-to-brand consumers on the second largest digital platform and a 20% rise in repeat units on the largest e-commerce platform. The company's operational improvements and strategic exits from unprofitable channels resulted in a $1.5 million net income for the quarter and earnings per share of $0.74. Furthermore, the company raised just under $5 million from a public offering, enhancing its net working capital position to $9.5 million.Significant Revenue Growth
The company generated 33% quarter-over-quarter sales growth to $11.4 million, driven by strong performance in the Asia Pacific region with 92% growth quarter-over-quarter.
Improved Profitability
The company achieved its first profitable quarter in years with adjusted EBITDA just north of $200,000, marking a 255% year-over-year increase.
Enhanced Gross Margin
Gross margin improved for the third consecutive quarter to 40%, with a 600 basis point increase year-over-year.
Growth in Digital Channels
Double-digit year-over-year growth was reported across primary digital customers, with a 23% increase in new-to-brand consumers and a 20% increase in repeat units.
Positive Net Income
The company generated $1.5 million of net income for the third quarter and $0.74 earnings per share.
Successful Strategic Pivots
The company exited unprofitable channels and improved operational efficiency, resulting in a healthier working capital position of $9.5 million.
Upcoming Acquisition
The acquisition of SRx Health is expected to position Better Choice as a leading global health and wellness company, providing significant growth opportunities.
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BTTR 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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BTTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $2.10 | $1.95 | -7.14% |
| Aug 13, 2024 | $2.92 | $2.74 | -6.16% |
| May 17, 2024 | $4.76 | $3.58 | -24.79% |
| Apr 12, 2024 | $6.62 | $6.02 | -9.06% |
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 Better Choice Company (BTTR) report earnings?
Better Choice Company (BTTR) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Better Choice Company (BTTR) earnings time?
Better Choice Company (BTTR) earnings time is at Apr 01, 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 BTTR EPS forecast?
Currently, no data Available
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