Curaleaf Swings To Q2 Profit On Higher Revenue

Curaleaf reported a Q2 profit versus a loss a year ago, with revenue up 10% driven by continued growth in both domestic and international operations. The year-over-year turnaround to profitability and double-digit sales growth should be a modest positive for the stock, though no guidance or margin details were provided.

Analysis

Curaleaf reported a Q2 profit versus a loss a year ago, with revenue up 10% driven by continued growth in both domestic and international operations. The year-over-year turnaround to profitability and double-digit sales growth should be a modest positive for the stock, though no guidance or margin details were provided.