High Tide Inc. (HITI) Earnings Call Transcripts

High Tide Inc.'s Latest Earnings Call - Q2 FY2026

High Tide Inc. reported a strong second fiscal quarter of 2026, with revenue reaching $179.3 million, a 30% increase year-over-year, marking the fastest growth in 11 quarters. The company achieved record highs in gross profit, income from operations, and adjusted EBITDA. Notably, the gross profit margin improved to 27%, an eight-quarter high. Management provided optimistic forward guidance, indicating sustainable positive net income and free cash flow generation. The company also highlighted its strategic expansion into the German medical cannabis market and potential future growth in the UK.

Reported metrics

Guidance from management

Management expects sustainable positive net income and free cash flow going forward. The company is targeting 20-30 new stores in Canada this year and aims to expand its market share in Germany to 20% in the long term.

What analysts pressed on

Analysts expressed concerns about the same-store sales decline and its impact on future performance. Questions were raised about the sustainability of international margins given potential pricing pressures in Germany.

Main topics on the call

• Record Revenue and Profitability — High Tide achieved its best quarter ever with revenue of $179.3 million, up 30% YoY. Gross profit reached $48.4 million, up 36% YoY, and adjusted EBITDA was $13.9 million, up 73% YoY. Management stated, 'Our consolidated...
• German Market Expansion — The German medical cannabis segment saw significant growth, with Ramexian's revenue reaching $31.6 million. Market share doubled to 14.1% since acquisition. Management noted, 'We are heading towards 20% market share in G...
• Same-Store Sales Challenges — Same-store sales declined by 1.2%, attributed to trade-downs in product formats and economic pressures on core customers. Management noted, 'Our core customer... has been facing some pressure from the slowing housing mar...
• Bricks and Mortar Segment Performance — The segment posted a 7% increase in revenue YoY, with a gross profit margin of 28%, the highest in two years. Management highlighted, 'Our innovative discount club model, the Cabana Club, continues to expand.'

Read the full High Tide Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 18 High Tide Inc. earnings call transcripts on record, spanning January 31, 2023 to June 16, 2026. Based on this history, High Tide Inc. reports quarterly. The most recent call on file is dated June 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HITI

Exchange

TSXV

Country

CA

Sector

Health Care

Industry

Pharmaceuticals

Calls on record

18

First call

January 31, 2023

Most recent

June 16, 2026

Reporting cadence

quarterly