High Tide Inc. (NASDAQ:HITI) Quarterly Earnings Overview

• High Tide Inc. (NASDAQ:HITI) reported an earnings per share (EPS) of -$0.0289, missing the estimated EPS of -$0.02.
• The company's revenue for the quarter ending April 2025 was $96.94 million, slightly above the Zacks Consensus Estimate by 0.22%.
• High Tide's financial metrics show a negative price-to-earnings (P/E) ratio of -35.24 but a positive price-to-sales ratio of 0.45, indicating the stock is valued at less than half of its sales.

High Tide Inc. (NASDAQ:HITI) is a key player in the cannabis retail industry, known for its extensive network of Canna Cabana locations across Canada. The company is the largest cannabis retail brand in the country, with 200 locations and a 12% market share in the provinces it operates. High Tide is also exploring international expansion, engaging in talks with a German medical cannabis importer.

On June 16, 2025, High Tide reported an earnings per share (EPS) of -$0.0289, missing the estimated EPS of -$0.02. The company has struggled with EPS estimates, exceeding them only once in the past four quarters. In the previous quarter, High Tide reported a loss of $0.02 per share.

Despite the earnings miss, High Tide's revenue for the quarter ending April 2025 was $96.94 million, slightly above the Zacks Consensus Estimate by 0.22%. This marks an improvement from the $91.6 million reported in the same quarter last year. The company has consistently surpassed consensus revenue estimates in the last four quarters, demonstrating its strong market presence.

High Tide's financial metrics reveal a mixed picture. The company has a negative price-to-earnings (P/E) ratio of -35.24, indicating negative earnings. However, its price-to-sales ratio of 0.45 suggests that the stock is valued at less than half of its sales. The enterprise value to sales ratio is 0.52, slightly higher than the price-to-sales ratio, reflecting the company's total valuation including debt.

The company's liquidity and debt levels are moderate. With a current ratio of 1.61, High Tide has a good level of liquidity to cover its short-term liabilities. The debt-to-equity ratio stands at 0.47, indicating a moderate level of debt compared to equity. Despite these challenges, High Tide remains the highest revenue-generating cannabis company reporting in Canadian dollars, with trailing revenue surpassing $550 million.

• High Tide Inc. (NASDAQ:HITI) reported a quarterly loss of $0.03 per share, missing Wall Street estimates.
• The company achieved a record revenue of $142.5 million, surpassing expectations and marking the highest revenue for a cannabis company reporting in Canadian dollars.
• Despite a negative P/E ratio of -36.17, High Tide's price-to-sales ratio of 0.47 indicates the stock is undervalued relative to its sales.

In a recent earnings call on March 18, 2025, High Tide reported a quarterly loss of $0.03 per share, which was below the Zacks Consensus Estimate of a $0.01 loss. This represents a 100% negative surprise, as highlighted by Zacks. The company had previously reported a loss of $0.04 per share in the last quarter, which was a 300% negative surprise compared to expectations.

Despite the earnings miss, High Tide achieved a record revenue of $142.5 million for the first quarter of 2025, surpassing the Zacks Consensus Estimate by 4.46%. This marks the highest revenue generated by a cannabis company reporting in Canadian dollars. The company's same-store sales increased by 5% year over year, showcasing strong growth.

High Tide's financial metrics reveal a mixed picture. The company has a negative price-to-earnings (P/E) ratio of -36.17, indicating a lack of profitability. However, the price-to-sales ratio of 0.47 suggests that the stock is valued at less than half of its sales. The enterprise value to sales ratio is 0.53, slightly higher than the price-to-sales ratio, reflecting the company's total valuation including debt.

The company's liquidity position appears strong, with a current ratio of 1.61, indicating it can cover its short-term liabilities. The debt-to-equity ratio stands at 0.47, suggesting a moderate level of debt relative to equity. High Tide's Cabana Club loyalty program has also shown growth, with over 1.76 million members in Canada and ELITE memberships exceeding 81,000.