High Tide (HITI)
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High Tide Q3: Incredible Sales Momentum, Weaker Gross Margin (Rating Upgrade)
Seeking Alpha· 2024-09-18 16:41
I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...
High Tide (HITI) - 2024 Q3 - Earnings Call Transcript
2024-09-18 03:18
财务数据和关键指标变化 - 公司第三季度创下历史新高收入131.7百万加元,环比增长6% [8][9][25] - 公司连续5个季度实现自由现金流正值,第三季度自由现金流为3.1百万加元 [11][27] - 公司第三季度净利润为80万加元,较上一季度的20万加元有所增长 [22][23] - 公司第三季度调整后EBITDA为960万加元,同比增长24% [21][26] 各条业务线数据和关键指标变化 - 公司实体店业务收入同比增长10%,占总收入90%以上 [25][26] - 公司电商业务收入持续下降,但已采取措施降低成本,调整后EBITDA有所改善 [21][49] - 公司数据分析和广告业务收入同比增长36%,达900万加元 [18][75][76] 各个市场数据和关键指标变化 - 公司在运营的5个省份中,总体行业销售额同比下降10%,但公司同店销售增长1% [17][60] - 公司在安大略省的门店平均年销售额达350万加元,远高于同行平均100万加元 [16] - 公司在阿尔伯塔省的非法市场较小,而在不列颠哥伦比亚省非法市场较大 [87] 公司战略和发展方向及行业竞争 - 公司将继续专注于有机增长,未来一年计划新开20-30家门店 [32][33][64] - 公司将继续保持谨慎的收购策略,关注优质资产 [64][67] - 公司自有品牌Queen of Bud和Cabana Cannabis将在未来1-2年内进一步拓展 [38][39][49] - 公司预计未来将占到加拿大15%的市场份额,已达12%的市场份额 [10][29] - 公司看好德国市场,计划于2025年中前后进入 [84][85] 管理层对经营环境和未来前景的评论 - 管理层认为行业内非法市场有所抬头,给公司带来一定压力 [53][54][59][60] - 管理层认为公司的创新零售模式和优秀的门店选址策略将持续支撑公司的增长 [32][33][67] - 管理层对公司未来在加拿大和德国市场的发展前景保持乐观 [85][86][87] 其他重要信息 - 公司第三季度开设11家新门店,累计达183家,并有望在今年达到30家新开门店 [9][32] - 公司会员数已达155万,其中ELITE会员达5.7万,会员数持续快速增长 [11] - 公司第三季度资本支出创11个季度新高,但仍保持自由现金流正值 [13][27] - 公司第三季度销售费用和管理费用占收入比重大幅下降,体现了公司的成本控制能力 [15][20] 问答环节重要的提问和回答 问题1 **关于公司未来门店扩张计划** 提问的内容1: 公司未来一年的门店扩张计划是否仍以有机增长为主,还是会更多依赖收购? [64] **回答的内容1**: 公司未来一年仍将以有机增长为主,计划新开20-30家门店,同时也会保持谨慎的收购策略关注优质资产 [64][67] 问题2 **关于公司应对非法市场抬头的措施** 提问的内容2: 公司如何应对最近非法市场有所抬头的情况? [72] **回答的内容2**: 公司已经采取了降低毛利率的措施来应对非法市场的竞争压力,同时也在与政府沟通要求采取更有力的执法措施 [73] 问题3 **关于公司数据分析业务的发展前景** 提问的内容3: 公司数据分析业务的未来发展趋势如何? [75] **回答的内容3**: 公司数据分析业务受益于门店网络的扩张,收入保持增长,未来公司将进一步丰富数据分析产品线 [76]
High Tide Inc. (HITI) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-09-17 06:10
High Tide Inc. (HITI) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced break-even earnings, delivering a surprise of 100%.Over the last four quarters, the company ...
Is It Worth Investing in High Tide (HITI) Based on Wall Street's Bullish Views?
ZACKS· 2024-09-13 22:36
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about High Tide Inc. (HITI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.High Tide currently has an ...
High Tide Announces Launch of Queen of Bud Branded White Label Products in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario
Prnewswire· 2024-09-12 18:00
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023.CALGARY, AB, Sept. 12, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis stores in British ...
High Tide Inc. (HITI) Laps the Stock Market: Here's Why
ZACKS· 2024-09-12 06:56
High Tide Inc. (HITI) closed the most recent trading day at $2.22, moving +1.37% from the previous trading session. This change outpaced the S&P 500's 1.07% gain on the day. On the other hand, the Dow registered a gain of 0.31%, and the technology-centric Nasdaq increased by 2.17%.The company's stock has climbed by 11.17% in the past month, exceeding the Medical sector's gain of 3.34% and the S&P 500's gain of 2.92%.Market participants will be closely following the financial results of High Tide Inc. in its ...
Can HITI Stock Get a Boost From Bricks-and-Mortar Sales in Q3 Earnings?
ZACKS· 2024-09-09 23:15
High Tide (HITI) is set to release results for the third quarter of fiscal 2024 on Sept. 16 after market close.The prominent retail cannabis player posted breakeven earnings per share in the last reported quarter against the Zacks Consensus Estimate of a loss of 1 cent. The company topped earnings estimates in each of the trailing four quarters, the average surprise being 97.92%.During the third quarter of fiscal 2024, HITI stock declined 16.4% against the industry’s 1.2% rise.Q3 Estimates for HITIFor the t ...
High Tide to Open Canna Cabana in Lucan, Ontario
Prnewswire· 2024-09-05 18:00
CALGARY, AB, Sept. 5, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 389 Main Street, Lucan, Ontario will begin selling recreational cannabis products and consumption accessories for adult use tomorrow, September 6. This opening will mark High Tide's 183rd Canna Caban ...
High Tide to Launch Next-Gen Canna Cabana 2.0 Website
Prnewswire· 2024-09-03 18:00
CALGARY, AB, Sept. 3, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced that at 8:00 PM Mountain Time tonight, it will re-launch the website of its flagship Canadian bricks-and-mortar retail brand, Canna Cabana, which represents more than 90 per cent of the Company's revenue. The new website features the latest tech, resulting in ...
High Tide Inc. (HITI) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-08-29 06:50
The latest trading session saw High Tide Inc. (HITI) ending at $1.92, denoting a +1.59% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.6%. On the other hand, the Dow registered a loss of 0.39%, and the technology-centric Nasdaq decreased by 1.12%.Prior to today's trading, shares of the company had gained 3.28% over the past month. This has lagged the Medical sector's gain of 4.78% and outpaced the S&P 500's gain of 3.15% in that time.The investment community will be c ...