Q4 2024 Jamieson Wellness Inc Earnings Call Transcript

Feb 27, 2025 / 10:00 PM GMT

Release Date Price: €20.6 (-2.83%)

Transcript

Key Points

Positve

Jamieson Wellness Inc (JWLLF) reported a strong 2024 performance with global consumer demand for its products reaching new highs.
The company achieved a 14% branded revenue growth, driven by strategic execution and brand strength.
Consolidated revenue increased nearly 9%, crossing the $700 million mark to $734 million.
The company reported record cash flows and adjusted EBITDA margins exceeding expectations.
Jamieson Wellness Inc (JWLLF) expanded its Canadian market leadership through targeted marketing programs, resulting in strong revenue growth.

Negative

Strategic partners revenue decreased by 16% as expected, impacting overall revenue growth.
Gross profit margin in the strategic partner segment decreased by 130 basis points to 13.8% in Q4.
SG&A expenses increased by $6.8 million or 16% compared to Q4 2023, driven by variable compensation and investments.
The company faces potential pressures from tariffs imposed on trade between Canada and the United States.
There is a lag period of 3 to 12 months for cycling out of contracts in the strategic partner segment, which could impact short-term revenue.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JWEL.TO - Jamieson Wellness Inc
Q4 2024 Jamieson Wellness Inc Earnings Call
Feb 27, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon everyone. Welcome to the Jason Wellness Conference call to discuss the financial results for the 4th quarter and full year 2024.

At this time, all participants are in a listen-only mode.

Later we will conduct a question and answer session and instructions will be given at that time.

Please be advised that the reproduction of this call in whole or in part is not permitted without written authorization from the company.

As a reminder, today's call is being recorded.

On the call today for management or Mike Pilato.

President and Chief Executive Officer.

And Chris Snowden, Chief Financial Officer and corporate secretary.

Before I turn the call

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