Tilray Q4 Earnings: Revenue, EPS Beat As Cannabis, Beverages, Wellness Converge On A Global Scale, Driving 'Remarkable Growth'
Portfolio Pulse from Adam Eckert
Tilray Brands Inc (NASDAQ:TLRY) reported strong Q4 earnings for fiscal year 2024, with revenue and EPS beating estimates. The company saw significant growth in cannabis and beverage-alcohol segments, while reducing net convertible debt by $300 million. Shares rose 9.84% after hours.
July 29, 2024 | 8:35 pm
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Tilray Brands Inc reported strong Q4 earnings, with revenue of $229.882 million and adjusted EPS of 4 cents, both beating estimates. Significant growth in cannabis and beverage-alcohol segments, along with a $300 million reduction in net convertible debt, led to a 9.84% rise in share price after hours.
Tilray's strong financial performance, particularly in key growth segments like cannabis and beverage-alcohol, along with a significant reduction in debt, has positively impacted investor sentiment, leading to a notable increase in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100