High Tide Inc. (HITI) Q2 2024 Earnings Call Transcript
High Tide Inc. (NASDAQ:HITI ) Q2 2024 Earnings Conference Call June 14, 2024 11:30 AM ET Company Participants Krystal Dafoe - Director, Corporate Governance Raj Grover - President and Chief Executive Officer Mayank Mahajan - Chief Financial Officer Conference Call Participants Scott Fortune - Roth Capital Partners Ty Collin - Eight Capital Frederico Gomes - ATB Capital Markets Matt Bottomley - Canaccord Genuity Andrew Semple - Echelon Capital Markets. Mike Regan - Excelsior Equities Operator Good morning.
High Tide: Higher Margins Are Now The Base Scenario
High Tide reported Q2 results, showing slow growth, explained by underlying weaker industry sales. The company still continues to capture market share. Recent quarters show incredibly great margin leverage, making higher margins now my base scenario. I previously noted the great importance of raised margins. HITI's market share growth prospects and increasing margins fueled further by private label sales growth continue to be undermined by the current valuation.
High Tide Inc. (HITI) Reports Break-Even Earnings for Q2
High Tide Inc. (HITI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.01 per share a year ago.
Wall Street Analysts Think High Tide (HITI) Is a Good Investment: Is It?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
High Tide Inc. (HITI) Flat As Market Sinks: What You Should Know
High Tide Inc. (HITI) reachead $2.38 at the closing of the latest trading day, reflecting no change compared to its last close.
High Tide (HITI) Is Considered a Good Investment by Brokers: Is That True?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
High Tide Inc. (HITI) Stock Falls Amid Market Uptick: What Investors Need to Know
High Tide Inc. (HITI) closed at $2.18 in the latest trading session, marking a -1.36% move from the prior day.
