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Yahoo
29-05-2025
- Business
- Yahoo
Tilray Brands to Present at TD Cowen's 9th Annual Future of the Consumer Conference
NEW YORK and LEAMINGTON, Ontario, May 29, 2025 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ('Tilray') (NASDAQ: TLRY and TSX: TLRY), a global lifestyle and consumer packaged goods company at the forefront of the beverage, cannabis and wellness industries, today announced that Irwin D. Simon, Chairman and Chief Executive Officer, and Carl Merton, Chief Financial Officer, will participate in a fireside chat and host one-on-one meetings at the TD Cowen 9th Annual Future of the Consumer Conference on June 3, 2025, in New York, NY. The fireside chat is scheduled for 11:00 a.m. ET and a webcast will be available on Events & Presentations section of Tilray's Investor Relations website. To schedule a one-on-one meeting, please reach out to your TD Cowen representative. About Tilray Brands Tilray Brands, Inc. ('Tilray') (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray's mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray's unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages. For more information on how we are elevating lives through moments of connection, visit and follow @Tilray on all social platforms. Contacts: Investor Relationsinvestors@ Medianews@ in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
Tilray Brands cuts sales forecast
Cannabis and drinks producer Tilray Brands has revised its sales forecast for its full financial year. In a statement accompanying its latest results yesterday (8 April), the Hi*Ball Energy drinks producer cut its guidance for fiscal 2025 net revenues down to US$850m-$900m. It had previously forecast net revenues would sit between $950m and $1bn. Tilray pinned the new forecast on "adjustments for constant currency and the impacts of the strategic initiatives and SKU rationalisation". In the three months ended 28 February, the Atwater Brewery owner saw net revenue drop 1% on the year prior to $185.8m. On a constant-currency basis, it grew roughly 3% on 2024 to $193m. Gross profits in the period grew 5% to $52m. However, Tilray booked a third-quarter net loss of $793.5m. It filed impairments worth $699.2m for the quarter. During the first nine months of the company's fiscal year, its net revenue grew 7% year on year to $596.8m. Gross profit was also up 23% at $173m. Nine-month losses stood at $913m. Adjusted EBITDA was down nearly 11% to $9m in the third quarter, and dropped 11.6% in the nine months, which Tilray attributed to the impact of cutting SKUs in its beverages division, equating to a $1m impact, as well as a $600,000 hit "related to the prioritisation of international cannabis markets". Tilray's beverage division, which makes up 30% of the company's revenues, saw net revenue grow 2% to $56m in the third quarter. In the nine month period, this unit also grew 40% on the same period in 2024 to $175m. In January, the business announced plans to cut more than 300 SKUs as part of a wider programme dubbed Project 420 through which Tilray is looking to find synergies to boost the profitability of its drinks division. Speaking to analysts following the release of its results yesterday, CFO Carl Merton said the business was expecting the Project 420 programme to result in a $20m hit to net revenue in its fiscal year 2025. He added the programme also includes "a distributor rationalisation to reduce our over 700 distributors to approximately 500 distributors". In a statement accompanying its results, chairman and CEO Irwin Simon said: "We see opportunities in the alcohol, cannabis and wellness industries and believe these sectors are here to stay. He added: "In Q3, we delivered our highest cannabis gross margins in almost two years, and as of today our net debt is now less than one time EBITDA on a trailing twelve-month basis. We will not seek sales growth merely for the sake of sales if it does not add to the bottom line and benefit our shareholders." Alongside its results, Tilray also confirmed it did not expect to see US tariffs causing a hit to sales, with the company's US drinks brands being "solely manufactured and distributed within the US market", while its cannabis products in Canada are also made domestically. "In Europe, Tilray manufactures medical cannabis brands and products for distribution across Europe and Australia. Regarding Tilray's wellness business, Manitoba Harvest is currently exempt from the new tariffs," the New York-headquartered business added. "Tilray Brands cuts sales forecast" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
