High Tide Inc. (HITI)
High Tide Q3: Incredible Sales Momentum, Weaker Gross Margin (Rating Upgrade)
High Tide's Q3 showed great sales growth amid slower industry growth, as the Canna Cabana chain continues gaining market share. The gross margin contracted sequentially, being a cost of the rapid sales expansion, but I believe that the long-term case for margin expansion still stands. High Tide's retail network expansion, membership growth, private label launch, pop-up stores, and potential new market entries should continue the ongoing momentum in upcoming years.
High Tide Inc. (HITI) Q3 2024 Earnings Call Transcript
High Tide Inc. (NASDAQ:HITI ) Q3 2024 Earnings Conference Call September 17, 2024 11:30 AM ET Company Participants Krystal Dafoe - Director, Corporate Governance Raj Grover - President and CEO Mayank Mahajan - CFO Conference Call Participants Scott Fortune - ROTH Capital Partners Matt Bottomley - Canaccord Genuity Mike Regan - Excelsior Andrew Semple - Ventum Financial Doug Cooper - Beacon Securities Operator Good morning. My name is Nadia, and I'll be your conference operator today.
High Tide Inc. (HITI) Surpasses Q3 Earnings and Revenue Estimates
High Tide Inc. (HITI) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.03 per share a year ago.
Is It Worth Investing in High Tide (HITI) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
High Tide Inc. (HITI) Laps the Stock Market: Here's Why
High Tide Inc. (HITI) closed at $2.22 in the latest trading session, marking a +1.37% move from the prior day.
Can HITI Stock Get a Boost From Bricks-and-Mortar Sales in Q3 Earnings?
Given High Tide's progress in executing its strategic initiatives, we expect it to report robust Q3 bricks-and-mortar segment sales.
High Tide Inc. (HITI) Ascends While Market Falls: Some Facts to Note
In the most recent trading session, High Tide Inc. (HITI) closed at $1.92, indicating a +1.59% shift from the previous trading day.
Is High Tide (HITI) a Buy as Wall Street Analysts Look Optimistic?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
High Tide Inc. (HITI) Rises Higher Than Market: Key Facts
In the latest trading session, High Tide Inc. (HITI) closed at $1.99, marking a +1.53% move from the previous day.
Brokers Suggest Investing in High Tide (HITI): Read This Before Placing a Bet
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
High Tide Inc. (HITI) Declines More Than Market: Some Information for Investors
High Tide Inc. (HITI) closed the most recent trading day at $1.71, moving -1.72% from the previous trading session.
High Tide Inc. (HITI) Suffers a Larger Drop Than the General Market: Key Insights
High Tide Inc. (HITI) reachead $1.83 at the closing of the latest trading day, reflecting a -1.61% change compared to its last close.
