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Trulieve Cannabis (TSE:TRUL)
:TRUL
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.06Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 3.43%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong operational performance with increased revenue and improved margins, alongside significant growth in loyalty program and wholesale segments. However, challenges such as a slight decline in retail revenue and increased SG&A expenses contributed to a net loss for the quarter.Company Guidance
During the first quarter of fiscal year 2025, Trulieve Cannabis Corporation reported revenue of $298 million, marking a slight increase compared to the previous year. The company achieved a gross margin of 62%, up from 58% last year, due to lower production costs and disciplined promotional activities. Adjusted EBITDA reached $109 million, representing a 37% margin, which is a 1% improvement year-over-year. Operating cash flow totaled $51 million, contributing to a cash position of approximately $330 million at quarter-end. Retail traffic and units sold both increased by 7% year-over-year, although retail revenue declined slightly by 1% due to pricing compression and loyalty point redemptions. Wholesale revenue rose 25%, driven by demand for Trulieve-branded products and expanded partnerships in Maryland and Pennsylvania. The loyalty program grew by nearly 20% in the first quarter, reaching over 625,000 members, with loyalty members spending 2.3 times more per month than non-members. Trulieve opened six new dispensaries and relocated one in Pennsylvania, bringing the total to 229 dispensaries across eight states. The company remains focused on four key areas for growth: customers, distribution, branded products, and regulatory reform, with an emphasis on pushing for cannabis reform at the federal level.Strong First Quarter Revenue
First quarter revenue of $298 million, slightly increased compared to an atypically strong first quarter last year.
Improved Gross Margin
Gross margin improved to 62% versus 58% last year, driven by lower production costs and disciplined promotional activity.
Increase in Wholesale Revenue
Momentum in wholesale business with revenue up 25% versus last year, driven by demand for Trulieve branded products and expanded relationships in Maryland and Pennsylvania.
Loyalty Program Growth
Loyalty program reached over 625,000 members, growing by almost 20% in the first quarter, with loyalty program members spending 2.3x more per month than non-loyalty members.
Retail Traffic and Unit Sales Increase
Retail traffic and units sold both increased 7% year over year.
Product Expansion and Innovation
Launch of new branded products including THC beverages like 'Onward' and upcoming 'Upward' energy drink.
Positive Cash Flow
Operating cash flow of $51 million contributed to cash approximately $330 million at quarter end.
Positive Customer Metrics
Net Promoter Score increased by four points compared to last year, with every market scoring within the target range.
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TSE:TRUL 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:TRUL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | C$6.13 | C$6.06 | -1.14% |
Feb 27, 2025 | C$5.90 | C$6.31 | +6.95% |
Nov 05, 2024 | C$17.63 | C$16.15 | -8.39% |
Aug 06, 2024 | C$12.73 | C$13.44 | +5.58% |
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 Trulieve Cannabis (TSE:TRUL) report earnings?
Trulieve Cannabis (TSE:TRUL) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Trulieve Cannabis (TSE:TRUL) earnings time?
Trulieve Cannabis (TSE:TRUL) earnings time is at Aug 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:TRUL EPS forecast?
TSE:TRUL EPS forecast for the fiscal quarter 2025 (Q2) is -0.09.
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