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Simply Better Brands (TSE:SBBC)
:SBBC
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Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 31, 2021
|% Change Since: 67.19%
|Next Earnings Date:Apr 30, 2021
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive sentiment due to the exceptional growth and expansion of the TRUBAR division, significant improvements in financial standing, and promising future outlook. Despite some challenges with smaller business lines and the need for continued investment, the highlights significantly outweigh the lowlights.Company Guidance
During the Simply Better Brands Q3 2024 earnings call, the company reported significant growth metrics, indicating a 124% year-over-year increase in total revenue, primarily driven by its TRUBAR division, which saw a 156% rise. The total revenue for the quarter was $12.1 million, with TRUBAR contributing $11.5 million. The company also reported improvements in gross margin, reaching 50% from a previous 40%. Financially, Simply Better Brands strengthened its position, boasting a cash balance of $3.5 million and access to $10 million in credit lines, while reducing loans payable by $1.2 million. Looking ahead, the company remains confident in its guidance for the remainder of the year, aiming for a 2024 TRUBAR revenue target of $45 million to $50 million, and is focused on expanding its market reach and distribution channels, with plans to enter 15,000 stores by year-end.Exceptional Revenue Growth
Reported 124% year-over-year growth in total revenue for the quarter, with the TRUBAR division growing 156% year-over-year.
TRUBAR Division Success
TRUBAR division reported $11.5 million in revenue, up from $4.5 million, and is targeting $100 million in a $6 billion industry with a 14% CAGR.
Improved Financial Position
Cash balance of $3.5 million, $10 million available through credit lines, and a $1.2 million reduction in promissory notes and loans payable.
Margin Improvements
Gross margin improved from 40% to 50%, with plans for further margin enhancements as volumes expand.
Expanding Distribution Channels
Significant new distribution channels won, including Costco, Walmart, Whole Foods, Amazon, and CVS. Plan for international expansion and regional wins across North America.
Strong Amazon Performance
Amazon sales increased from $40,000 to over $600,000 per month, with plans to reach a $10 million run rate in 2025.
No Production Capacity Limitations
Current production setup can support well over $100 million with world-class Comans and deep capabilities.
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TSE:SBBC 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:SBBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | C$0.64 | C$0.77 | +20.31% |
| Aug 12, 2024 | C$0.65 | C$0.57 | -12.31% |
| May 15, 2024 | C$0.40 | C$0.44 | +10.00% |
| Apr 24, 2024 | C$0.35 | C$0.35 | 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 Simply Better Brands (TSE:SBBC) report earnings?
Simply Better Brands (TSE:SBBC) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Simply Better Brands (TSE:SBBC) earnings time?
Simply Better Brands (TSE:SBBC) earnings time is at Apr 24, 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:SBBC EPS forecast?
Currently, no data Available
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