Green Thumb Industries Inc
GTII: XCNQ (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 56.00 | Vwthz | Bzkwksqfk |
Green Thumb Earnings: Cutting Valuation as Continued Price Compression Weighs on Growth Trajectory
We were disappointed by no-moat Green Thumb’s second-quarter revenue, which grew just 2% sequentially and declined 1% year over year to $242 million. The company’s six new stores opened during the quarter (now 84 total stores) was offset by same-store sales declining 3%. This fits with the price compression management cited that continues to weigh on top line growth.