The earnings call highlighted strong revenue growth and successful expansion in the beverage and international cannabis segments. However, these positives were tempered by significant net loss and challenges in the Canadian cannabis market, as well as impacts from SKU rationalization. Though there are promising growth areas, the financial setbacks and market challenges balance the overall sentiment.

Company Guidance

During the Q2 2025 earnings call for Tilray Brands, the company provided several key metrics and insights regarding its financial performance and strategic initiatives. The net revenue for the quarter grew by 9% year-over-year to $211 million, with a gross profit increase of 29% and gross margin up by 500 basis points compared to the prior quarter. The beverage segment was highlighted for its significant growth, achieving a 36% increase in net revenue year-over-year. Meanwhile, the international cannabis business experienced a 25% growth, particularly driven by sales in Germany, Poland, the U.K., and Italy. Despite an adjusted net loss of $2 million, Tilray emphasized its robust financial position, noting a strong balance sheet and reduced debt levels. The company reaffirmed its guidance for fiscal 2025, predicting net revenues between $950 million and $1 billion. Additionally, Tilray discussed ongoing initiatives like SKU rationalization and Project 420, targeting $25 million in cost savings, with $17 million already realized.

Strong Net Revenue Growth

Quarter 2 net revenue grew 9% year-over-year to $211 million, marking the highest Q2 net revenue ever for the company.

Beverage Business Expansion

The beverage segment, including craft beer and nonalcoholic beverages, grew 36% in net revenue year-over-year, with the synergy plan achieving $17 million in cost savings.

International Cannabis Growth

The international cannabis business grew 25% year-over-year, driven by strong sales in markets like Germany, Poland, the U.K., and Italy.

Wellness Segment Growth

The wellness business reported a 13% net revenue increase compared to the prior year, with improvements in gross margin by 200 basis points.

Strong Gross Margin and Profit

Gross profit increased by 29% and gross margin increased by 500 basis points compared to the prior year, reflecting operational optimizations.

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Tilray (TLRY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TLRY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 28, 2018	2018 (Q2)	- / -0.17	―	―	―	―
Nov 13, 2018	2018 (Q3)	- / -0.20	―	―	―	―
Mar 18, 2019	2018 (Q4)	- / -0.33	―	―	―	―
May 14, 2019	2019 (Q1)	- / -0.32	-0.065	-392.31% (-0.26)	―	―
Aug 13, 2019	2019 (Q2)	- / -0.36	-0.17	-111.76% (-0.19)	―	―
Nov 12, 2019	2019 (Q3)	- / -0.36	-0.2	-80.00% (-0.16)	―	―
Mar 02, 2020	2019 (Q4)	- / -2.14	-0.33	-548.48% (-1.81)	―	―
May 11, 2020	2020 (Q1)	- / -1.73	-0.32	-440.63% (-1.41)	―	―
Aug 10, 2020	2020 (Q2)	- / -0.65	-0.36	-80.56% (-0.29)	―	―
Nov 09, 2020	2020 (Q3)	- / -0.02	-0.36	94.44% (+0.34)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TLRY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 10, 2025	$1.37	$1.23	-10.22%
Oct 10, 2024	$1.63	$1.59	-2.45%
Jul 29, 2024	$1.83	$2.01	+9.84%
Apr 09, 2024	$2.59	$2.06	-20.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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