High Tide (HITI)
NASDAQ:HITI
Earnings Data
Report Date
Jun 17, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple meaningful operational and financial positives: record revenue and strong adjusted EBITDA growth, sustained margin expansion in the core bricks-and-mortar business, accelerating loyalty program momentum, improving free cash flow, and encouraging early international (Remexian) traction. Offsetting these positives were near-term challenges from supply-chain/import delays affecting Remexian margins, a slowing Canadian market with heightened competition and illicit pressures, and lingering e‑commerce underperformance — all of which management is actively addressing. Overall, the company communicated that core retail performance and international recovery trends outweigh the operational headwinds.Company Guidance
Record Quarterly Revenue
Q1 revenue was $178.3M, up 25% year-over-year (fastest growth in 10 quarters) and up 9% sequentially; revenue run-rate exceeds $700M.
Strong Adjusted EBITDA Growth
Adjusted EBITDA was $11.5M, up 62% year-over-year; trailing 12-month adjusted EBITDA reached $42.6M — the most profitable 12-month period for the company.
Core Bricks-and-Mortar Outperformance
Bricks-and-mortar revenue of $150M in Q1 (annual run rate $600M); segment gross margin reached 28% (highest in over 3 years) and adjusted EBITDA margin held at 9%, with five consecutive quarters of sequential gross margin improvement.
Membership and Loyalty Momentum
Canna Cabana loyalty membership at 2.58M, up 47% YoY; ELITE membership up 100% YoY to 162,000 — driving higher spend and contributing to margin expansion.
Retail Productivity and Market Share
Annualized revenue per square foot (ex-stores <6 months) was $1,728; average Canna Cabana store annual run rate $2.5M versus peer average $1.3M (1.9x); Ontario average $2.9M versus peers $1.1M (2.6x). Market share in the 5 provinces was 12%, up from 11% YoY.
International (Remexian) Traction
Remexian contributed $25M revenue in Q1 (avg >$8M/month); February alone generated $12M and 2.6 tonnes sold, with preliminary gross margin ~20% in February, evidencing accelerating shipments and market-share gains.
Cash Flow and Balance Sheet Strength
Q1 free cash flow of $2.9M (vs negative $1.9M in prior-year Q1 and $1.3M in Q4); trailing 12-month free cash flow $16.8M (highest in 5 quarters); total debt $64.5M with $46.4M cash & restricted cash and no near-term maturities.
Operating Expense Discipline
General & administrative expenses fell to 4.1% of revenue (6-quarter low, down from 4.6% YoY); salaries & wages improved to 11.8% of revenue (down from 12.3% YoY), demonstrating operating leverage.
E‑commerce Stabilization
E‑commerce segment posted its first sequential revenue increase in 2 years, with conversions and orders rising after platform relaunches; segment's drag on consolidated adjusted EBITDA was the smallest in 4 quarters.
Strategic Board and Advisory Additions
Two new board members and two advisory appointments added to strengthen expertise in real estate, business development, AI, e-commerce technology and stakeholder engagement.
HITI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HITI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 17, 2026 | $2.49 | $2.45 | -1.61% |
Jan 29, 2026 | $2.43 | $2.23 | -8.23% |
Sep 15, 2025 | $3.68 | $3.71 | +0.82% |
Jun 16, 2025 | $2.22 | $2.25 | +1.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does High Tide (HITI) report earnings?
High Tide (HITI) is schdueled to report earning on Jun 17, 2026, TBA (Confirmed).
What is High Tide (HITI) earnings time?
High Tide (HITI) earnings time is at Jun 17, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HITI EPS forecast?
HITI EPS forecast for the fiscal quarter 2026 (Q2) is -0.01.
