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Feb 29, 2024
Tilray Q3 2024 Earnings Report
Achieved net revenue growth and expanded into complementary markets.
Key Takeaways
Tilray Brands reported a net revenue of $188 million for Q3 fiscal year 2024, representing a 30% increase over the prior year quarter. The company saw significant growth in beverage-alcohol net revenue and global cannabis net revenue. They are guiding to an Adjusted EBITDA target of $60 million to $63 million.
Net revenue reached $188 million, a ~30% increase year-over-year.
Beverage-Alcohol net revenue grew by 165% compared to the prior year quarter.
Global Cannabis net revenue increased by 33%, with international cannabis growth at 44%.
Tilray is now the 5th largest craft beer brewer in the U.S. with 4.5% craft beer market share.
Revenue by Segment
Forward Guidance
The Company is now guiding to an Adjusted EBITDA target of $60 million to $63 million. In addition, the Company no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024, due to delayed timing for collecting cash on various asset sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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