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Planet 13 Holdings (TSE:PLTH)
:PLTH
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Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: -24.29%
|Next Earnings Date:Aug 29, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted solid revenue growth and operational improvements, particularly in Florida, but also underscored challenges at the SuperStore and setbacks in Florida's legislative environment. The financial metrics showed mixed results, with gross margin improvements countered by declines in adjusted EBITDA.Company Guidance
During Planet 13's Q3 2024 financial results call, several key metrics were highlighted. The company's total revenue for the quarter was reported at $32.2 million, showing a sequential increase from $31.1 million in Q2 2024 and a year-over-year increase from $24.8 million in Q3 2023. This growth was primarily driven by the consolidation of Florida operations, contributing $10.5 million this quarter, up from $7.2 million in Q2 2024. The SuperStore generated $13.4 million, despite a 3% decline in Las Vegas tourism and a 7% drop in average spend. Total retail revenue across their SuperStore and neighborhood network reached $28.7 million, marking a 5% sequential increase. The gross profit for the quarter was $16.7 million, resulting in a gross margin of 51.9%, an improvement from 50.1% in the previous quarter. Sales and marketing expenses remained at 5% of revenue, totaling $1.6 million, while G&A expenses rose to $14.8 million due to a full quarter of Florida operations. The company generated $1.3 million in adjusted EBITDA, down from $3.2 million in Q2, with a cash balance of $29.5 million, including $2 million of restricted cash. Planet 13 plans to invest $2-4 million in CapEx over the next 12 months and has $3 million in bank debt maturing in early 2025.Revenue Growth
Planet 13 generated $32.2 million in revenue in Q3 2024, compared to $31.1 million in Q2 and $24.8 million in Q3 2023, driven by the full consolidation of Florida operations.
Florida Operations Improvement
Florida's revenue contribution increased from $7.2 million in Q2 2024 to $10.5 million in Q3 2024, showing growth despite challenging summer conditions.
Gross Margin Improvement
Gross margin improved to 51.9% in Q3 2024 from 50.1% in Q2, driven by increased sales of branded products and improved yields and potency.
Expansion Initiatives
Opened additional dispensaries in Florida and planned for more, alongside an acquisition of a Nevada dispensary to enhance market footprint.
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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
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TSE:PLTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$0.70 | C$0.58 | -17.14% |
| Aug 08, 2024 | C$0.59 | C$0.66 | +11.86% |
| May 09, 2024 | C$0.91 | C$0.82 | -9.89% |
| Mar 13, 2024 | C$0.68 | C$0.66 | -2.94% |
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 Planet 13 Holdings (TSE:PLTH) report earnings?
Planet 13 Holdings (TSE:PLTH) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Planet 13 Holdings (TSE:PLTH) earnings time?
Planet 13 Holdings (TSE:PLTH) earnings time is at May 06, 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:PLTH EPS forecast?
Currently, no data Available
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