Village Farms Shares Trading Higher On Q2 Gross Profit Growth Of 81.9% YoY
Portfolio Pulse from Vuk Zdinjak
Village Farms International, Inc. (NASDAQ:VFF) reported Q2 2023 financial results, showing a gross profit growth of 81.9% YoY, despite a 7% decrease in sales. The company's net loss improved to $1.4 million from a loss of $36.6 million in Q2 2022. The company's Canadian Cannabis business delivered 24% YoY growth in retail branded sales. Village Farms shares were trading 10.74% higher at $0.67 per share.
August 09, 2023 | 1:59 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Village Farms reported strong Q2 2023 results with significant gross profit growth and improved net loss, driving its stock price up.
The company's strong Q2 2023 results, particularly the significant growth in gross profit and improved net loss, are likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100