earnings
confidence high
sentiment neutral
materiality 0.75
Tilray Brands Q2 revenue up 9% to $211M; gross profit +29%; reaffirms FY2025 guidance
Tilray Brands, Inc.
2025-Q2 EPS
reported -$0.14
vs consensus -$0.24
▲ beat
(+41.2%)
- Net revenue $211M (record Q2), +9% YoY; gross margin 29% vs 24% prior year.
- Net loss $(85)M includes $75M non-cash items; adj net loss $(2)M, adj EPS $(0.00).
- Beverage segment +36% to $63M; int'l cannabis +25%; wellness +13%; cannabis flat at $66M.
- Project 420 synergy plan achieved $17M of $25M target; reaffirms FY2025 revenue guidance $950M-$1B.
- Adjusted EBITDA $9M vs $10M prior year, impacted by $1.8M SKU rationalization cost.