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Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.06Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call describes a transition quarter with identifiable and actionable positives that are expected to drive improvement. Key positives include meaningful federal regulatory change (medical rescheduling to Schedule III) that materially improves tax treatment for the company's largest market (Florida, ~40% of revenue), tangible cost reductions (G&A down nearly $3M YoY), gross margin momentum (adjusted improvement versus prior quarter), DAZED! strength (+~47% YoY), Nevada wholesale sequential recovery (+~41%), and an upcoming BHO concentrate contribution expected to lift margins. Offsetting these positives are Q1 transitional impacts (sequential revenue decline of ~16.3% driven by the California divestiture and one‑time loyalty benefit absence), an increased adjusted EBITDA loss (‑$2.3M), a sizeable uncertain tax position (~$37M) while guidance and retrospective tax relief remain unresolved, continued weak Las Vegas tourism (~7% below 2024) and short‑term margin dilution from CA inventory sales. Management frames Q2 as the first quarter expected to reflect the repositioned business without transition drag and points to regulatory and product drivers that should improve cash flow and profitability through 2026. On balance, the transformational regulatory change and operational cost progress weigh heavily in favor of improvement, while notable near‑term financial and macro headwinds create execution and timing risk.Company Guidance
Total Revenue and Sequential Context
Q1 2026 total revenue of $21.1M (down from $25.2M in Q4 2025, a sequential decline of ~$4.1M or ~16.3%) — management attributes most of the decline to two nonrecurring items (California divestiture removing ~$2.5M of quarterly revenue and the absence of a one‑time Florida loyalty accrual benefit recognized in Q4). Adjusted for those items, underlying revenue was approximately flat sequentially.
Gross Profit and Margin Improvement
Gross profit of $9.4M and gross margin of 44.6%, flat as reported vs. Q4 but improved when excluding the one‑time Florida loyalty benefit (management cites a 5.4% improvement on that adjusted basis). Company expects additional gross margin upside in 2026 as BHO production comes online and one‑time dilutive items (sold CA inventory below cost) do not recur.
Retail Performance and DAZED! Strength
SuperStore (including DAZED!) generated $9.3M in Q1 (marginally up vs. Q4). DAZED! revenue grew ~47% year‑over‑year, demonstrating outsize performance from the destination concept. Combined SuperStore + neighborhood network retail totaled $20.2M in Q1.
Neighborhood Network and Florida Revenue
Neighborhood store network produced $10.9M in Q1 with Florida representing ~$8.0M of that total. Management reports April sequential improvements across Florida, Illinois and Nevada and states Q2 retail performance has tracked to internal plan.
Cost Reductions and SG&A Progress
Sales & marketing expense was $1.2M (roughly flat vs. Q4 and down ~22% year‑over‑year). G&A decreased to $11.2M from $12.0M in Q4 (a sequential reduction of ~$0.8M) and is down nearly $3.0M year‑over‑year, reflecting portfolio exits and continued cost discipline.
Working Capital, Cash and CapEx
Cash and restricted cash improved modestly to $16.3M at quarter end (up from $15.6M at year‑end). Operating cash flow was essentially breakeven for the quarter. Q1 CapEx was modest at $0.7M and management expects minimal CapEx for the remainder of 2026.
Wholesale Recovery in Nevada
Wholesale revenue was $0.9M in Q1 (down from $2.0M in Q4 due to the CA exit), but Nevada wholesale grew ~41% sequentially in Q1 — the third consecutive quarter of sequential wholesale growth in Nevada following the 2025 wholesale team restructuring.
Regulatory Rescheduling — Material Positive
On April 22, medical marijuana was rescheduled from Schedule I to Schedule III. Florida operations (representing ~40% of Q1 revenue and operating under state medical license) are now outside the scope of 280E on a go‑forward basis, which materially improves federal tax treatment and is expected to benefit profitability and cash flow going forward.
BHO Lab and Product Mix Upside
Florida BHO concentrate facility completed final inspections and received partial approvals; revenue expected beginning in Q2. Management expects BHO to expand higher‑margin product mix and be a meaningful contributor to gross margin and comparable sales in Florida in the back half of 2026.
Market Structure Improvements from Hemp Regulation
Clark County ordinance (effective mid‑July) and federal hemp restrictions (effective Nov 12) are expected to reduce competitive imbalance from intoxicating hemp products and provide operational benefits to state‑licensed cannabis operators in the back half of 2026 and into 2027.
TSE:PLTH 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
TSE:PLTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | C$0.20 | C$0.20 | 0.00% |
Mar 25, 2026 | C$0.21 | C$0.21 | +2.38% |
Nov 12, 2025 | C$0.27 | C$0.24 | -9.43% |
Aug 13, 2025 | C$0.58 | C$0.42 | -27.59% |
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 Planet 13 Holdings, Inc. (TSE:PLTH) report earnings?
Planet 13 Holdings, Inc. (TSE:PLTH) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).
What is Planet 13 Holdings, Inc. (TSE:PLTH) earnings time?
Planet 13 Holdings, Inc. (TSE:PLTH) earnings time is at Aug 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:PLTH EPS forecast?
TSE:PLTH EPS forecast for the fiscal quarter 2026 (Q2) is -0.01.