CA - Fire & Flower GAAP EPS of -$0.66 revenue of $30.5M beats by $8.49M
2023-03-28 07:06:15 ET
- Fire & Flower press release ( OTCQX:FFLWF ): Q4 GAAP EPS of -$0.66.
- Revenue of $30.5M (-28.6% Y/Y) beats by $8.49M .
- Achieved Retail gross margin percentage of 25.4% for the 9-week quarter ended December 31, 2022, representing second consecutive quarterly improvement from 23.4% in Q2 2022 and 24.2% in Q3 2022.
- Year-over-year same-store sales increase of 3.9% for Q4 2022.
- Adjusted EBITDA for the 9-week fourth quarter of 2022 was negative $3.8 million.
- Outlook: The Company anticipates 2023 annualized savings of $6 million in SG&A and lease expenses and anticipates achieving positive Adjusted EBITDA during the first half of the fiscal year.
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Fire & Flower GAAP EPS of -$0.66, revenue of $30.5M beats by $8.49M