EXCLUSIVE: High Tide CEO Highlights Major Drivers Behind Record Earnings, Market Share Growth
Portfolio Pulse from Patricio Liddle
High Tide Inc. (NASDAQ:HITI) reported record earnings for Q3 2024, with a 6% increase in revenue year-over-year and sequentially. The company's growth is driven by its discount club model, store expansion, and loyalty programs, leading to a 12% market share. High Tide also posted positive net income for the fifth consecutive quarter.
September 18, 2024 | 1:49 pm
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High Tide Inc. reported record Q3 2024 earnings with a 6% increase in revenue, driven by its discount club model and store expansion. The company achieved a 12% market share and posted positive net income for the fifth consecutive quarter.
High Tide's record earnings and revenue growth, driven by its successful discount club model and store expansion, indicate strong operational performance. The company's positive net income for the fifth consecutive quarter and increased market share suggest a positive short-term impact on its stock price.
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