NYSE$YCBD

cbdMD Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported steady year-over-year net sales and earnings of $.02 per share.

cbdMD, Inc. reported net sales of $10.6 million for the third quarter of fiscal 2021, remaining steady year-over-year. The company announced earnings of $.02 per share for the quarter. However, due to product production delays from vendors on new product launches, the company reduced its Q1 fiscal 2022 net sales guidance to a range of $14.9 million to $15.5 million.

  • Net sales of $10.6 million remained steady year-over-year.
  • Gross profit margin remained strong at approximately 68%, up from 65% in the prior year’s third quarter.
  • E-commerce direct-to-consumer net sales were $7.8 million, a decrease of 4.9% from the prior year’s third fiscal quarter.
  • Net income attributable to common shareholders was approximately $977,000, or $0.02 per share.

Headline financials

Total Revenue

$10.6M

Previous: $10.6M-0.7%
EPS (adj)

-$0.45

Previous: -$8.10+94.4%
Gross profit margin

68.0%

No prior period
Operating expenses

$13.9M

No prior period
Capital Expenditures

$312K

No prior period
Free Cash Flow

$1.54M

Previous: -$8.95M+117.2%
Net Income

$1.54M

Previous: -$8.95M+117.2%
Operating Income

-$6.68M

Previous: -$1.34M-399.1%
Gross Profit

$7.19M

Previous: $6.89M+4.4%
Cash & Equivalents

$19M

Previous: $15M+26.5%
Total Assets

$116M

Previous: $111M+3.8%
Stock-Based Comp

$356K

Previous: $419K-15.0%

Revenue & EPS history

cbdMD · Revenue · Quarterly

$10.6M

Q3 2021-0.7%vs Q3 2020
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

cbdMD · $3.8M total across 1 segment · Q2 2026

  • E-commerce sales
    $3.8M

Forward guidance

Due to production delays from vendors on new product launches, the company is revising its net sales guidance for the first quarter of fiscal 2022 ending December 31, 2021 from a range of $15.5 million to $16.25 million to a range of $14.9 million to $15.5 million, or 20-25% YOY sales growth for the December, 2021 quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-0.5%

Avg return

Earnings day

-3.1%

Avg return

5 days after

-10.8%

Avg return

30 days after

42%

15 / 36 earnings

Positive

+70.1%

Q2 2020

Best reaction

-22.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.0%+5.3%-38.9%
Q3 2025-11.1%-22.4%-20.0%
Q2 2026-4.0%-8.2%-13.2%
Q2 2025-4.0%-8.2%-13.2%
Q1 2025-15.1%-24.6%-52.6%
Q4 2024-15.7%-22.1%+14.4%
Q3 2024+3.7%+2.1%+7.6%
Q2 2024+0.0%+1.0%-8.6%
Q1 2024-12.3%-5.5%-0.7%
Q4 2023+7.9%+6.4%+17.7%
Q3 2023+0.7%-5.6%-9.8%
Q2 2023-6.9%-6.0%-21.6%
Q1 2023-5.8%+1.8%-28.1%
Q4 2022-22.4%-29.9%-8.6%
Q3 2022-5.9%-11.6%-48.4%
Q2 2022+8.4%+28.6%-31.7%
Q1 2022-19.5%-16.3%-14.0%
Q4 2021+3.5%+0.9%-7.1%
Q3 2021-5.0%-7.8%+3.7%
Q2 2021-21.8%-17.4%-0.3%
Q1 2021+15.2%-9.2%-19.4%
Q4 2020+15.1%+6.5%+6.5%
Q3 2020+8.1%+10.2%-27.6%
Q2 2020+70.1%+71.1%+54.6%
Q1 2020+2.6%+0.0%-40.9%
Q4 2019-0.7%-1.4%-59.7%
Q3 2019-9.4%-11.6%-11.4%
Q2 2019-3.1%+0.6%-2.0%
Q1 2019+1.8%+6.5%-9.7%
Q4 2018-12.4%-21.1%+7.2%
Q3 2017+14.4%+1.4%+13.0%
Q3 2018+14.4%+1.4%+13.0%
Q2 2017-1.2%-10.2%-22.3%
Q2 2018-1.2%-10.2%-22.3%
Q1 2018-7.7%-10.1%-14.3%
Q4 2017+2.9%+5.3%+18.6%
Q1 2017
Q4 2016
Q3 2016

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