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High Tide (HITI)
NASDAQ:HITI
Earnings Data
Report Date
Jun 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 17, 2025
|% Change Since: -18.93%
|Next Earnings Date:Jun 11, 2025
Earnings Call Sentiment|Neutral
High Tide reported record revenues and significant growth in same store sales and membership in its Cabana Club. However, the company faced challenges with adjusted EBITDA decline, negative free cash flow, and uncertainties in expanding into the German market.Company Guidance
During the High Tide First Quarter 2025 Unaudited Financial Results Conference Call, the company provided guidance on several key metrics. High Tide reported an annual revenue run rate of approximately $570 million, with same-store sales increasing by 142% from October 2021 to December 2024, despite an industry average decline of 4%. The company also highlighted a 5% year-over-year increase in same-store sales for Q1 2025. The Cabana Club membership reached 1.76 million in Canada, growing by 33% over the past year, and the company has set a new target of 2.5 million members. High Tide operates 194 stores across five Canadian provinces, with plans to expand to 300 locations in the coming years. The ELITE membership tier grew by 153% year-over-year, now exceeding 81,000 members. The company's adjusted EBITDA was lower this quarter due to strategic initiatives, but it remains focused on long-term growth. Additionally, High Tide's bricks-and-mortar segment contributed 95% of its consolidated revenue, with a 17% year-over-year increase in Q1. The company also plans to enter the German medical cannabis market and potentially expand its White Label strategy further. Despite economic volatility, High Tide believes the cannabis industry is largely recession-resistant and expects to be free cash flow positive for the fiscal year.Record Revenue and Growth
High Tide reported a record revenue of $142.5 million for Q1 2025, up 11% year-over-year and 3% sequentially, with an annual revenue run rate of approximately $570 million.
Same Store Sales Increase
The company's same store sales increased by 5% year-over-year, representing the fastest pace in four quarters. Since October 2021, same store sales have risen 142% while the average operator has seen a decline of 4%.
Cabana Club Membership Growth
The Cabana Club has surpassed 1.76 million members in Canada, growing by 33% over the past 12 months. The company increased its long-term target to 2.5 million members from 2 million.
Bricks-and-Mortar Revenue Growth
Bricks-and-mortar revenue was up 17% year-over-year, the fastest pace of growth in five quarters, with an 11% market share in the provinces where High Tide operates.
White Label Strategy Success
High Tide's White Label strategy is showing signs of success with over $0.5 million in sales of the new Queen of Bud brand.
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HITI 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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HITI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 17, 2025 | $2.43 | $2.07 | -14.81% |
| Jan 29, 2025 | $2.96 | $2.72 | -8.11% |
| Sep 16, 2024 | $2.19 | $2.14 | -2.28% |
| Jun 13, 2024 | $2.56 | $2.46 | -3.91% |
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 High Tide (HITI) report earnings?
High Tide (HITI) is schdueled to report earning on Jun 11, 2025, TBA Not Confirmed.
What is High Tide (HITI) earnings time?
High Tide (HITI) earnings time is at Jun 11, 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 HITI EPS forecast?
HITI EPS forecast for the fiscal quarter 2025 (Q2) is -0.03.
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