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Jushi Holdings (TSE:JUSH)
:JUSH
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.13Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -4.76%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Jushi's strategic expansions and improvements in cash flows and profitability. However, the company faced revenue declines and ongoing operational challenges in some markets. Despite these challenges, the company's forward-looking strategies and financial improvements suggest a cautiously optimistic outlook.Company Guidance
During Jushi Holdings' fourth quarter and full year 2024 earnings call, the company reported a slight decrease in Q4 revenue to $65.9 million, down from $67.8 million in Q4 2023, attributing this to intensified market competition and pricing pressures. Gross profit fell to $25.4 million, representing 39% of revenue, compared to $27.2 million or 40% of revenue the previous year. The company managed to reduce its net loss to $12.5 million from $18 million in Q4 2023, and adjusted EBITDA declined to $8 million from $11.3 million. Despite challenges, Jushi achieved a record operating cash flow of $7.2 million in Q4, marking a 59% increase from $4.5 million in Q4 2023. For the full year, revenue decreased to $257.5 million from $269.4 million in 2023, while gross profit increased by $2.1 million to $118.3 million, and adjusted EBITDA rose to $46.2 million from $40.8 million. The company also reported significant improvements in cash flows from operations, which grew to $21.6 million in 2024 from a $3.3 million outflow in 2023. Jushi plans to expand its retail footprint by 40% by mid-2026, with new dispensaries anticipated in Illinois, New Jersey, Ohio, and Pennsylvania, and is preparing for potential adult-use legalization in Pennsylvania and Virginia.Significant Improvement in Cash Flows
Operating cash flows for the fourth quarter of 2024 increased by 59% to $7.2 million compared to $4.5 million in Q4 2023. Annually, cash flows from operations grew to $21.6 million from a $3.3 million outflow in 2023.
Expansion in Retail Footprint
Under the '7 and 7' strategy, Jushi successfully acquired or opened five new dispensaries since the beginning of Q4 2024, with plans to open three more before the end of Q3 2025, aiming for a 40% expansion by mid-2026.
Increase in Gross Profit and EBITDA
Annual gross profit increased to $118.3 million from $116.2 million in 2023, and adjusted EBITDA increased by $5.4 million to $46.2 million compared with $40.8 million in 2023.
Successful Product Launches
Jushi launched 415 new SKUs in Q4, marking a 9% sequential increase and nearly 50% year-over-year. The new flower brand, Flower Foundry, became the number one sales SKU in Virginia within three days of launch.
Debt Reduction and Capital Infusion
Jushi paid down $18.4 million of debt in 2024 and raised approximately $4.6 million in cash through the issuance of second lien notes, demonstrating strengthened financial stability.
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TSE:JUSH 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:JUSH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | C$0.42 | C$0.41 | -2.38% |
| Nov 07, 2024 | C$0.53 | C$0.49 | -7.55% |
| Aug 07, 2024 | C$0.70 | C$0.76 | +8.57% |
| May 09, 2024 | C$0.90 | C$0.93 | +3.33% |
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 Jushi Holdings (TSE:JUSH) report earnings?
Jushi Holdings (TSE:JUSH) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Jushi Holdings (TSE:JUSH) earnings time?
Jushi Holdings (TSE:JUSH) earnings time is at May 22, 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:JUSH EPS forecast?
TSE:JUSH EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
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