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Cronos Group (TSE:CRON)
TSX:CRON
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
-0.02Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 16.41%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
Cronos Group's earnings call highlighted strong revenue growth and market leadership in both domestic and international markets, notably in Israel. The company has a solid balance sheet and is undertaking strategic expansions to address supply constraints. However, challenges include potential tariffs in Israel and temporary supply constraints affecting growth. Despite these challenges, the positive aspects largely outweigh the negatives.Company Guidance
In the 2025 first quarter earnings call, Cronos Group provided several key metrics and guidance for the fiscal year. The company's net revenue was reported at $32.3 million, marking a 28% increase from the previous year, with their adjusted gross margin improving to 44%. The Spinach brand secured a 4.6% market share in Canada, while the SOURZ by Spinach line held a 23% share in the gummy category. The Lord Jones brand maintained a 30.1% market share in the hash-infused pre-roll segment. Internationally, the Peace Naturals brand was the top flower brand in Israel with over 20% market share. Cronos announced a $50 million share repurchase program, maintaining a strong balance sheet with $838 million in cash and no debt. The company anticipates their GrowCo expansion to alleviate current supply constraints, aiming to bolster market share and operational efficiencies moving forward.Strong Revenue Growth
Cronos reported consolidated net revenue of $32.3 million, a 28% increase from the prior year period, with constant currency net revenue growth at 33% year-over-year.
Market Leadership in Canada
The Spinach brand holds the second most popular brand position in Canada with 4.6% market share. In edibles, it maintains the number one position with 20.7% market share.
International Expansion Success
Cronos Israel grew revenue by over 40% year-over-year, with Israeli sales contributing nearly 30% of consolidated net revenue. Peace Naturals brand ended as the number one flower brand in Israel.
Improved Gross Margins
The adjusted gross margin improved significantly to 44% in Q1 2025, compared to 18% in Q1 2024.
Strong Balance Sheet
Cronos maintains a strong balance sheet with $838 million in cash and equivalents, and announced a $50 million share repurchase program.
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TSE:CRON 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
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TSE:CRON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | C$2.56 | C$2.78 | +8.59% |
Feb 27, 2025 | C$2.65 | C$2.86 | +7.92% |
Nov 12, 2024 | C$2.71 | C$3.15 | +16.24% |
Aug 08, 2024 | C$3.06 | C$3.16 | +3.27% |
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.
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FAQ
When does Cronos Group (TSE:CRON) report earnings?
Cronos Group (TSE:CRON) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Cronos Group (TSE:CRON) earnings time?
Cronos Group (TSE:CRON) earnings time is at Aug 07, 2025, TBA Not 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 TSE:CRON EPS forecast?
TSE:CRON EPS forecast for the fiscal quarter 2025 (Q2) is 0.03.
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