Tilray Inc (NASDAQ:TLRY) earned a repeat ‘Buy' rating from Jefferies analysts after what it described as a solid third quarter earnings report, pointing to improving fundamentals and increased visibility into the company's medium-term outlook. The brokerage reiterated a price target of $24, implying substantial upside if execution continues as expected.
TLRY posts mixed Q3 with revenue growth and narrowing losses, as strong cannabis and distribution gains offset beverage weakness and rising competition.
Tilray Brands, Inc. (TLRY) Q3 2026 Earnings Call Transcript
Tilray Brands (NASDAQ: TLRY) is seeing pressure this morning even after reporting an 11% year on year increase in revenue to a record $207 million for its third financial quarter. The price action may be puzzling to some, given the release signalled improving profitability and strong international cannabis growth as well.
Tilray Brands (NASDAQ:TLRY) shares declined 4% in Wednesday morning trading, falling to around $6.20 after opening at $6.47.
Tilray Brands, Inc. (TLRY) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to a loss of $1 per share a year ago.
TLRY heads into Q3 FY26 earnings with projected revenues up 10.9% and narrower losses, but margin pressure in cannabis and beverages clouds the outlook.
In the closing of the recent trading day, Tilray Brands, Inc. (TLRY) stood at $6.32, denoting a -3.36% move from the preceding trading day.
Tilray Brands, Inc. (TLRY) reached $6.54 at the closing of the latest trading day, reflecting a -5.76% change compared to its last close.
Tilray Brands, Inc. (TLRY) concluded the recent trading session at $6.95, signifying a -3.74% move from its prior day's close.
Tilray Brands, Inc. (TLRY) is expanding its international beverage business with the acquisition of UK-based Brew Dog and a partnership with Carlsberg. Management projects Brew Dog will generate $200M in annual net revenue by FY 2027, accelerating Tilray's UK market entry at low cost. Project 420 aims to drive profitability through SKU, geographic, and distributor rationalization, targeting synergy optimization by Q4 FY 2026.
Tilray Brands, Inc. (TLRY) reached $7.06 at the closing of the latest trading day, reflecting a -3.29% change compared to its last close.