Tilray Brands, Inc. (NASDAQ:TLRY ) Q2 2025 Earnings Conference Call January 10, 2025 8:30 AM ET Company Participants Berrin Noorata - Chief Corporate Affairs & Communications Officer Irwin Simon - Chairman & Chief Executive Officer Carl Merton - Chief Financial Officer Ty Gilmore - President, Tilray Beverages North America Blair MacNeil - President, Tilray Canada Denise Faltischek - Chief Strategy Officer & Head, International Conference Call Participants Kaumil Gajrawala - Jefferies Robert Moskow - TD Cowen Aaron Grey - Alliance Global Partners Frederico Gomes - ATB Capital Markets Bill Kirk - Roth MKM Matt Bottomley - Canaccord Genuity Pablo Zuanic - Zuanic & Associates Michael Lavery - Piper Sandler Operator Thank you for joining us for today's conference call to discuss Tilray Brands' Financial Results for the Second Quarter ended November 30, 2024. All lines have been placed on mute to prevent any background noise.
Tilray Brands (TLRY -11.56%) stock tumbled 12% through 9:50 a.m. ET after missing analyst sales forecasts in its Friday morning report.
While the top- and bottom-line numbers for Tilray Brands (TLRY) give a sense of how the business performed in the quarter ended November 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tilray Brands, Inc. (TLRY) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to break-even earnings per share a year ago.
The beer and cannabis company's revenue fell short of analyst estimates.
Tilray Brands has consistently missed analyst estimates and diluted shares via acquisitions and cash burn. The upcoming fiscal Q2 results are expected to show revenue growth but lack clarity on organic sales due to numerous acquisitions. Despite reporting sales growth, Tilray is still reporting losses due to low gross margins and a complex business structure.
The Tilray Brands stock price has crawled back in the past few days, rising from the December low of $1.15 to $1.45. This mini-rebound will be put to test when the cannabis company publishes its financial results later this week.
In the closing of the recent trading day, Tilray Brands, Inc. (TLRY) stood at $1.45, denoting a -0.68% change from the preceding trading day.
Irwin Simon, Tilray CEO, discusses outlooks on the beverage and cannabis industries.
Irwin Simon, Tilray CEO, joins CNBC's 'Money Movers' to discuss outlooks on the cannabis industry, the year ahead for Tilray, and more.
For many pot stocks, their share prices can often rise or fall rapidly depending on the outlook for marijuana legalization in the U.S. That's because there is significant growth potential in the industry, but a lot depends on whether there is progress on legalization both in more states permitting access and overall federal legalization.
While it's often narratives rather than numbers that cause stocks to swing in value, sometimes the most parsimonious way to summarize a company's strengths and weaknesses is to focus on a key quantitative metric or two. Numbers never tell the whole story, but they can often give investors some pretty solid hints about what's coming next.