Cannabis operator Jushi's Q3 revenue misses estimates

Jushi Holdings

04/11/2025 21:11

Overview

Jushi Q3 2025 revenue of $65.7 mln missed analyst expectations

Adjusted EBITDA for Q3 2025 beats analyst estimates, indicating strong operational performance

Gross profit margin expanded by 220 bps sequentially to 46.7%

Outlook

Company plans to open new stores in Ohio and New Jersey by year-end

Jushi expects to launch its first New Jersey store in Q4 2025

Company focuses on enhancing grower-processor capabilities to meet market demand

Result Drivers

GROWER-PROCESSOR ENHANCEMENTS - Co attributes stronger sales and margin performance to ongoing enhancements in grower-processor footprint

RETAIL EXPANSION - Retail revenue growth driven by new store openings in Ohio and Virginia, despite competitive pricing pressures

HIGHER YIELDS - Facility enhancements led to a 13% increase in average yields year-over-year, contributing to improved product quality

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$65.70 mln
$66.70 mln (3 Analysts)
Q3 Net Income
-$23.70 mln
Q3 Adjusted EBITDA
Beat
$12.80 mln
$12.10 mln (3 Analysts)
Q3 Gross Profit
$30.70 mln
Q3 Operating Expenses
$28.30 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the healthcare facilities & services peer group is "buy."

Wall Street's median 12-month price target for Jushi Holdings Inc is C$1.00, about 13% above its November 3 closing price of C$0.87

Press Release: ID:nGNX6ddSrR

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)