earnings
confidence high
sentiment positive
materiality 0.70
Green Thumb Q2 revenue $254.3M (+14.6% YoY); net income $24.4M, adjusted EBITDA margin 31%.
Green Thumb Industries Inc.
2022-Q2 EPS reported
$0.22
revenue$496,911,000
- Revenue $254.3M (+4.8% sequentially, +14.6% YoY); eighth consecutive quarter of positive GAAP net income ($24.4M).
- Adjusted EBITDA $78.7M, 31% margin, up 17.4% sequentially; gross margin 49.5% vs 55.4% YoY.
- Growth driven by New Jersey adult-use sales, 19 more stores YoY, and continued strength in Illinois.
- Cash flow from operations $39.9M year-to-date; SG&A 25% of revenue, down from 32.5% YoY.
- Maintains strong balance sheet; all 15 state markets contributed to revenue.