Wildpack Beverage Third Quarter 2022 Earnings: Misses Expectations

Simply Wall St

December 02, 2022

Wildpack Beverage (CVE:CANS) Third Quarter 2022 Results

Key Financial Results

Revenue: US$8.17m (up 16% from 3Q 2021).
Net loss: US$6.74m (loss widened by 351% from 3Q 2021).
US$0.067 loss per share (further deteriorated from US$0.022 loss in 3Q 2021).

earnings-and-revenue-growth — TSXV:CANS Earnings and Revenue Growth December 2nd 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wildpack Beverage Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 167%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Beverage industry in Canada.

Performance of the Canadian Beverage industry.

The company's shares are down 16% from a week ago.

Risk Analysis

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.