Canada's High Tide Q3 revenue beats estimates

High Tide

15/09/2025 21:10

Overview

High Tide fiscal Q3 revenue grows 14% yr/yr, beating analyst expectations, per LSEG data

Adjusted EBITDA for fiscal Q3 beats consensus

Co reports positive net income, reversing sequential net loss

Outlook

High Tide aims to open 20-30 new stores in 2025

Company expects to exceed 2.5 mln Cabana Club members in Canada

Result Drivers

SAME-STORE SALES - Same-store sales grew 7.4% yr/yr, the fastest growth rate in two years

DISCOUNT CLUB MODEL - Loyalty-focused discount club model propelled 18% yr/yr revenue increase in core bricks-and-mortar segment

GERMAN MARKET EXPANSION - Acquisition of Remexian enhances revenue diversification and positions High Tide in Germany's medical cannabis market

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$149.69 mln
C$146.60 mln (3 Analysts)
Q3 EPS
C$0.01
Q3 Net Income
C$832,000
Q3 Adjusted EBITDA
Beat
C$10.64 mln
C$8.93 mln (3 Analysts)
Q3 Gross Profit
C$40.09 mln
Q3 Income From Operations
C$3.74 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 High Tide Inc is C$7.75, about 39.2% above its September 12 closing price of C$4.71

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 404 three months ago

Press Release: ID:nCNWhYjqxa

(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.)