Village Farms International Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Village Farms International (NASDAQ:VFF) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$92.2m (up 19% from 2Q 2023).
• Net loss: US$23.5m (loss widened by US$22.2m from 2Q 2023).
• US$0.21 loss per share (further deteriorated from US$0.013 loss in 2Q 2023).

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

Village Farms International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Village Farms International that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.