earnings
confidence high
sentiment positive
materiality 0.75
Green Thumb Q3 revenue $261M (+12% YoY); Adj. EBITDA $84.5M, both records
Green Thumb Industries Inc.
2022-Q3 EPS reported
$0.26
revenue$758,105,000
- Revenue $261.2M, up 2.7% sequentially and 11.8% YoY; YTD revenue $758M up 17%.
- GAAP net income $9.8M ($0.04 EPS) vs $20.2M ($0.08) in Q3 2021; ninth consecutive positive quarter.
- Adjusted Operating EBITDA $84.5M (32.3% of rev), up 7% sequentially from $81.2M a year ago.
- Cash from operations $48M after $31M in income tax payments; strong balance sheet maintained.
- Plans to launch up to 10 'RISE Express' medical dispensaries adjacent to Circle K in Florida in 2023, pending approvals.