Cannabis consumer products firm Green Thumb's Q3 revenue slightly beats estimates

Green Thumb Industries

05/11/2025 21:17

Overview

Green Thumb Q3 revenue rises 1.6% yr/yr, slightly beating analyst expectations

Net income for Q3 boosted by one-time gain on asset sales

Company authorizes $50 mln share repurchase program through September 2026

Outlook

Company expects Q4 2025 revenue to be flat to up single digits

Green Thumb confident in expanding market share despite challenges

Company sees potential for adult-use market in Virginia next year

Result Drivers

MINNESOTA EXPANSION - Commenced adult-use cannabis sales at seven of eight RISE Dispensaries in Minnesota, boosting revenue

PRICE COMPRESSION - Revenue growth impacted by price compression in key markets, including Illinois and Pennsylvania

BRAND EXPANSION - Focus on brand-led market share expansion led to gains in Illinois, Pennsylvania, New Jersey, and Maryland

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$291.40 mln
$291 mln (9 Analysts)
Q3 Net Income
$23.30 mln
Q3 EBITDA
$66.80 mln
Q3 Gross Profit
$144 mln
Q3 Operating Cash Flow
$74.10 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the drug retailers peer group is "buy"

Wall Street's median 12-month price target for Green Thumb Industries Inc is C$18.00, about 47.2% above its November 4 closing price of C$9.50

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nGNX7NKzQf

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)