Categories AlphaGraphs, Cannabis, Earnings
Earnings: A snapshot of Canopy Growth’s (CGC) Q4 2023 results
Cannabis producer Canopy Growth Corporation (NASDAQ: CGC) reported a net loss for the fourth quarter of 2023 when its revenues decreased by 14%.
For the three months that ended March 2023, the company reported a net loss of C$640.1 million or C$1.28 per share, compared to a loss of C$582.5 million or C$1.48 per share in the same period of the previous year.
The bottom line was negatively impacted by a 14% decrease in revenues to C$87.5 million. Looking ahead, the management expects to achieve breakeven-to-positive adjusted EBITDA across all business segments, with the exception of BioSteel, by the end of FY2024.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings Preview: FedEx looks set to report mixed results for Q4 2025
FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the
How Ulta Beauty’s (ULTA) new strategy is fueling growth
Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,
