Village Farms International, Inc. cultivates, markets, and distributes greenhouse-grown produce, including tomatoes, bell peppers, and cucumbers, across North America. The company operates ...
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Est. EPS $0.18 · Revenue $242.59M · 2 analysts
Est. EPS $0.06 · Revenue $79.00M · 1 analysts
Est. EPS $0.06 · Revenue $76.28M · 1 analysts
Est. EPS $0.27 · Revenue $291.64M · 2 analysts
EPS $-0.06 · Revenue $77.07M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $215.9M | -35.8% | +27.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $32.4M | +190.5% | +144.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +40.6% | +188.0% | +12.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +12.7% | +280.3% | +73.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +15.0% | +240.9% | +92.3% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $31.5M | +29343.9% | +110.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +14.6% | +45739.7% | +108.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 11.3% | -39.7% | +22.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.64x | +41.4% | +3.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $423.1M | +8.7% | +6.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.27 vs 0.20 | +35.3% | 0.06 vs 0.06 | -2.5% |
| Revenue Surprise | $215.9M vs $219.3M | -1.5% | $64.0M vs $79.0M | -19.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Bovenschen Orville | officer: Global President Operations | Common Shares | A | 30,000 | — |
| Aug 21, 2026 | Bovenschen Orville | officer: Global President Operations | Common Shares | D | 7,500 | $2.57 |
| Jul 9, 2026 | Woodward Christopher C. | director | Common Shares | A | 75,757 | — |
| Jul 9, 2026 | Woodward Christopher C. | director | Common Shares | D | 15,151 | $1.99 |
| Jul 9, 2026 | Woodward Christopher C. | director | Restricted Stock | D | 75,757 | — |
Operator: Good morning, ladies and gentlemen. Welcome to Village Farms International's second quarter 2026 financial results conference call. This morning, Village Farms issued a news release reporting its financial results for the second quarter ended June 30, 2026. That news release, along with the company's financial statements, are available on the company's website at villagefarms.com under the Investors heading. Please note that today's call is being broadcast live over the Internet and will be archived for replay both by telephone and by the Internet, beginning approximately 1 hour following completion of the call. Details of how to access the replays are available in today's news release. Before we begin, let me remind you that forward-looking statements may be made today, during or after the formal part of this conference call. Certain material assumptions were applied in providing these statements, many of which are beyond our control. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements. A summary of these underlying assumptions, risks, and uncertainties is contained in the company's various securities filings with the SEC and Canadian regulators, including its Form 10-K MD&A for the year ended December 31, 2025, and 10-Q for the quarter ended June 30, 2026, which will be available on EDGAR and SEDAR+. These forward-looking statements are made as of today's date and, except as required by applicable securities law, we undertake no obligation to publicly update or revise any statements. I would now like to turn the call over to Michael DeGiglio, Chief Executive Officer of Village Farms International. Please go ahead, Mr. DeGiglio. Mike DeGiglio: Thank you, [ Liz ]. And good morning, everyone. And thank you for joining us for our second quarter results. With me today are Steve Ruffini, our Chief Financial Officer, and Ann Gillin Lefever, our Chief Operating Officer, and [ Sam Gibbons ], our Senior Vice President, Corporate Affairs and Investor Relations. I will begin with my customary review of our highlights from the quarter, then Steve will review the segments and financials in more detail before I make some last closing comments. Our second quarter results continue to demonstrate the strength of our expanding global cannabis platform, driven by record cannabis revenues as we continue growing in target markets and product categories in the countries we currently operate in. We delivered our fifth consecutive quarter of positive net income and earnings per share since we privatized our legacy produce business last year. And as we noted in this morning's press release, we're having a record year of production in our Delta, British Columbia facilities, which has contributed to stronger margin performance. Consolidated net sales growth was strong, and we achieved record cannabis harvest yields from our Delta …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Michael A. DeGiglio | Founder, Chief Executive Officer, President & Director | USD 3,679,234 | Male | 1955 | Active |
Ann Gillin Lefever | Chief Opearating Officer | USD 1,306,304 | Female | 1964 | Active |
Stephen C. Ruffini | Chief Financial Officer, Executive Vice President, Company Secretary & Director | USD 1,285,900 | Male | 1960 | Active |
Orville Bovenschen | President of Global Operations | USD 204,760 | Male | — | Active |
Brian D. Stevenson | Global Chief Strategy Officer | — | Male | — | Active |
John Harloe | General Counsel of Global Cannabis | — | Male | — | Active |
Paul Furfaro | President of Global Commercial | — | Male | — | Active |
Valentine Vaillant | Global Head of Cannabis Growth Strategy | — | Female | — | Active |
Yvonne S. Trupiano | Executive Vice President & Global Chief Human Resources Officer | — | Female | 1979 | Active |
Bill Stoufer | President of Balanced Health Botanicals Division | — | Male | — | Active |
Brian Ellis | Chief Information & Technology Officer | — | Male | — | Active |
Canadian cannabis stocks are once again gaining attention as investors search for opportunities within the global marijuana industry. The sector has experienced significant changes since Canada legalized recreational cannabis in 2018. However, several leading companies have emerged stronger after years of restructuring, cost reductions, and increased competition.
Village Farms International, Inc. reported strong Q2 financial results with record international cannabis sales. The company has expanded its Canadian and Netherlands grow facilities, which will continue to drive revenue and lower operating costs. VFF stock remains undervalued with a strong forward outlook and a strong balance sheet.
Village Farms International, Inc. (VFF) Q2 2026 Earnings Call Transcript
Village Farms International NASDAQ: VFF reported higher second-quarter sales and record cannabis segment adjusted EBITDA, supported by international medical cannabis exports, improved production yields and a more favorable sales mix.
Village Farms (VFF) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.1 per share a year ago.
