- Village Farms International Inc VFF reported third-quarter FY21 sales growth of 68% year-on-year, to $72.45 million, beating the analyst consensus of $68.72 million.
- Total cannabis sales were $31.2 million, including Pure Sunfarms sales of $27.4 million and Balanced Health sales of $3.8 million. Produce sales declined 4% to $41.2 million.
- The gross profit more than tripled to $17.7 million, with the margin at 24.5%.
- Adjusted EBITDA of $6.7 million rose 49% Y/Y.
- EPS of $0.01 was in line with the analyst consensus.
- Price Action: VFF shares closed higher by 11.03% at $9.26 on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
