High Tide Q2 Earnings: Revenue Beat, EPS Miss, Same-Store Sales Up 6.2%, Cannabis Retailer Expects To Remain Free Cash Flow Positive In FY25
High Tide Inc (NASDAQ:HITI) reported financial results for the second quarter Monday after the bell. Here’s a rundown of the cannabis retailer’s report.
Q2 Earnings: High Tide reported second-quarter revenue of 137.8 million Canadian dollars ($96.94 million versus estimates of $96.73 million), up 11% year-over-year. Converted to U.S. dollars in order to compare to estimates, the company reported a loss of three cents per share versus estimates for a loss of two cents per share, according to Benzinga Pro.
High Tide said it now operates 200 Canna Cabana locations across Canada and reached 1.9 million members in its Cabana Club in Canada during the quarter, up 33% year-over-year. Global memberships surpassed 5.87 million in the quarter.
Same-store sales climbed 6.2% year-over-year and the company …