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.
