earnings
confidence high
sentiment positive
materiality 0.80
Green Thumb Q3 revenue $275M record; GAAP net income $11M, adjusted EBITDA $83M
Green Thumb Industries Inc.
2023-Q3 EPS reported
$0.14
revenue$776,322,000
- Revenue of $275M, up 9% sequentially and 5.4% YoY; GAAP net income $0.05 per share.
- Adjusted EBITDA $83M (30.1% of revenue) vs $84.5M (32.3%) YoY; cash flow from ops $61M in Q3.
- Share repurchases of $25M during quarter (>1% of shares outstanding); cash balance $137M.
- Adult-use sales launched in Maryland at 4 RISE Dispensaries on July 1; new stores opened in NV and FL.
- Comparable store sales up 0.2% YoY on 77 stores; gross margin 48.6% vs 50.2% on price compression.