High Tide's earnings call painted a positive picture with strong growth in retail store expansion, market share, and financial performance. The Cabana Club loyalty program is thriving, contributing to overall success. However, challenges persist in the e-commerce segment, and there are potential regulatory hurdles in Germany. Despite these challenges, the company's core business remains robust, and the sentiment is optimistic.

Company Guidance -

Q3 2025

During the High Tide Inc. second quarter 2025 financial results conference call, the company highlighted several key metrics and strategic initiatives. High Tide reported a record revenue of $137.8 million for Q2, marking an 11% increase year-over-year, despite a 3% sequential decline due to fewer days in the quarter. The company's bricks-and-mortar segment experienced a robust 16% growth year-over-year, driven by strong same-store sales and the addition of new stores. Notably, daily same-store sales increased by 6.2% year-over-year, the fastest rate in five quarters. High Tide's Canna Cabana brand reached a milestone with the opening of its 200th store, contributing to a total of 82 stores in Ontario and 87 in Alberta, with plans to expand further. The company's Cabana Club loyalty program saw significant growth, with membership rising 33% year-over-year to 1.9 million members. High Tide also reported a market share gain, climbing to 12% in provinces where it operates. Furthermore, the company achieved $1.4 million in sales from its Queen of Bud brand, reflecting strong demand for its White Label SKUs. Despite challenges in the e-commerce segment, which represents only 3% of consolidated revenue, the company remains committed to maximizing shareholder value across all business units.

Expansion and Growth in Retail Stores

High Tide opened its 200th Canna Cabana location, marking a significant milestone. The company has increased its store count in Alberta by 10% year-over-year while the rest of the industry contracted by 6%. In Ontario, High Tide expanded its footprint by 30% over the past 12 months, while the rest of the industry shrank by 1%.

Strong Financial Performance and Market Share Gains

Trailing 12-month revenue surpassed $550 million for the first time, with bricks-and-mortar revenue up 16% year-over-year. Same-store sales increased by 6.2% year-over-year, and market share climbed from 11% to 12%.

Cabana Club Loyalty Program Success

The Cabana Club membership base reached 1.9 million across Canada, up 33% year-over-year. The ELITE paid membership tier grew by 120% year-over-year to 97,000 members.

Financial Strength and Cash Flow

The company generated $4.9 million in free cash flow in Q2 and reported a consolidated adjusted EBITDA of $8.1 million, up 14% sequentially.

High Tide (TSE:HITI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:HITI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 15, 2025	2025 (Q3)	>-0.01 / -	0.01	―	―	―
Jun 16, 2025	2025 (Q2)	-0.04 / -0.04	0	―	―
Mar 17, 2025	2025 (Q1)	-0.03 / -0.03	0	―	―
Jan 29, 2025	2024 (Q4)	-0.02 / -0.06	-0.39	84.62% (+0.33)	―
Sep 16, 2024	2024 (Q3)	-0.01 / 0.01	-0.04	125.00% (+0.05)	―
Jun 13, 2024	2024 (Q2)	-0.02 / 0.00	-0.02	―	―
Mar 15, 2024	2024 (Q1)	-0.04 / 0.00	-0.05	―	―
Jan 29, 2024	2023 (Q4)	-0.39 / -0.39	-0.85	54.12% (+0.46)	―
Sep 14, 2023	2023 (Q3)	-0.05 / -0.04	-0.05	20.00% (+0.01)	―
Jun 14, 2023	2023 (Q2)	-0.05 / -0.02	-0.14	85.71% (+0.12)	―

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

TSE:HITI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 16, 2025	C$3.01	C$3.07	+1.99%
Mar 17, 2025	C$3.45	C$2.98	-13.62%
Jan 29, 2025	C$4.25	C$3.96	-6.82%
Sep 16, 2024	C$2.97	C$2.89	-2.69%

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.