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 12% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's shares are down 6.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Village Farms International you should be aware of.

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