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Trulieve Cannabis (OTC) (TCNNF)
:TCNNF
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.22Last Year’s EPS
-0.18Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -65.51%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a strong performance in gross margin and EBITDA growth, alongside significant retail expansion and engagement in the loyalty program. However, it was tempered by a considerable net loss, hurricane impacts, and seasonal consumer behavior shifts.Company Guidance
During the Trulieve Cannabis Corporation Third Quarter 2024 Financial Results conference call, several key metrics and guidance were provided. Trulieve reported a third-quarter revenue of $284 million, reflecting a 3% increase year-over-year, with gross margins improving to 61%. The company also noted an adjusted EBITDA of $96 million, up 24% from the previous year, with a 34% margin. Despite headwinds from Hurricane Helene, Trulieve experienced a 10% increase in traffic year-over-year, although basket size declined by 3%. The company expanded its retail network to 215 locations, adding 14 new stores in Florida and one in Pennsylvania. Trulieve ended the quarter with $319 million in cash and short-term investments. Looking ahead, fourth-quarter revenue is expected to grow in the low-single-digits sequentially, with full-year cash flow from operations projected at least $250 million and capital expenditures estimated at $130 million.Record Gross Margin and EBITDA Growth
Trulieve reported a gross margin of 61% and an adjusted EBITDA of $96 million, representing a 34% margin. This was an improvement of 24% compared to the previous year.
Expansion of Retail Network
Trulieve expanded its retail network to 215 locations, including 14 new locations in Florida and one in Pennsylvania, with plans to open more stores despite hurricane delays.
Strong Customer Loyalty Program
Enrollment in the Refresh Loyalty Program exceeded expectations with over 450,000 members, showing that loyalty members spend approximately 123% more per month than non-loyalty members.
Ohio Adult-Use Sales Growth
Trulieve's Ohio locations saw a 60% increase in traffic and a 35% increase in sales following the commencement of adult-use sales.
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TCNNF 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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TCNNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $12.70 | $11.65 | -8.27% |
| Aug 06, 2024 | $8.65 | $9.73 | +12.49% |
| May 09, 2024 | $10.79 | $11.09 | +2.78% |
| Feb 29, 2024 | $9.80 | $9.68 | -1.22% |
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) (TCNNF) report earnings?
Trulieve Cannabis (OTC) (TCNNF) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Trulieve Cannabis (OTC) (TCNNF) earnings time?
Trulieve Cannabis (OTC) (TCNNF) earnings time is at Feb 27, 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 TCNNF EPS forecast?
TCNNF EPS forecast for the fiscal quarter 2024 (Q4) is -0.22.
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