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Village Farms International (VFF)
NASDAQ:VFF
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.2Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: -8.75%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in fresh produce and Canadian cannabis, with significant international expansion. However, issues with out-of-stock inventory, challenges in the U.S. market, and high excise taxes in Canada present operational hurdles.Company Guidance
During Village Farms International's Q3 2024 earnings call, the company provided robust guidance across multiple metrics. The fresh produce segment saw a sales increase of 20% to nearly $43 million, with a gross margin improvement of 400 basis points, leading to an adjusted EBITDA of $2.3 million and a net income of $0.4 million. In Canadian cannabis, net sales grew 29% year-over-year to about CAD 50 million, with branded resale sales up 22%. The segment achieved a positive adjusted EBITDA of $6.5 million and cash flow from operations of CAD 6.1 million. International medical sales doubled year-over-year, with strong growth in Germany, Australia, and the U.K. Village Farms maintained the #2 LP position in Canada, gaining market share in flower by 2.7% and pre-rolls by 2.3%. The company also expressed optimism about its initiatives in the Netherlands, estimating potential revenues of EUR 12 million annually with its new indoor cultivation facility. Overall, Village Farms highlighted a strategic focus on profitability, market share expansion, and international growth opportunities.Strong Outperformance in Fresh Produce
Fresh produce sales increased by 20% to nearly $43 million, with a gross margin improvement of 400 basis points year-over-year. The segment delivered positive adjusted EBITDA and net income of $2.3 million and $0.4 million respectively.
Canadian Cannabis Growth
Total net sales grew 29% year-over-year to approximately CAD 50 million, with branded resale sales increasing by 22%. The segment achieved positive adjusted EBITDA of $6.5 million.
International Medical Sales Expansion
International medical sales doubled year-over-year with increases in sales to Germany, Australia, and the U.K. The company holds a strong market position in these regions.
Market Leadership in Canada
Village Farms maintained #1 market share in Ontario and achieved #1 market share in Quebec, holding the leading position in Canada's two most populous provinces.
Launch of Leli Holland Subsidiary
Construction of the indoor cultivation facility in Drachten, Netherlands was completed, and cultivation began in October, with first sales expected in Q1 2025.
Positive Consolidated Financial Performance
Total sales grew 20% year-over-year to $83.4 million. Net loss narrowed to $800,000 from $1.3 million last year, with positive net income contributions from both Canadian cannabis and Fresh Produce.
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VFF 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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VFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $0.80 | $0.89 | +11.25% |
| Aug 08, 2024 | $0.98 | $1.02 | +4.08% |
| May 08, 2024 | $1.20 | $1.26 | +5.00% |
| Mar 13, 2024 | $0.74 | $0.70 | -5.41% |
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 Village Farms International (VFF) report earnings?
Village Farms International (VFF) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Village Farms International (VFF) earnings time?
Village Farms International (VFF) earnings time is at Mar 12, 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 VFF EPS forecast?
VFF EPS forecast for the fiscal quarter 2024 (Q4) is -0.02.
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