NASDAQ$TLRY
Tilray Brands Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Tilray reported record Q1 net revenue and increased cannabis market share.
Tilray Brands reported a record Q1 net revenue of $177 million, a 15% increase year-over-year. The company also increased its #1 cannabis market share position in Canada to 13.4%. With the acquisition of eight craft beer and beverage brands, Tilray became the 5th largest U.S. craft beer brewer with 5% market share.
- Achieved record Q1 net revenue of $177 million, representing 15% year-over-year growth.
- Increased #1 cannabis market share position in Canada to 13.4%.
- Grew Canadian cannabis revenue by 16.5% and international cannabis revenue by 37%.
- Became the 5th largest U.S. craft beer brewer with 5% market share after acquiring eight craft beer and beverage brands.
Headline financials
Revenue & EPS history
Tilray · Revenue · Quarterly
$177M
Revenue by segment
Tilray · $152M total across 4 segments · Q3 2022
- Distribution$62.5M-11.0%41.2%
- Cannabis$55M+31.9%36.2%
- Beverage$19.6M+64.1%12.9%
- Wellness$14.7M—9.7%
Forward guidance
Tilray Brands is reiterating its adjusted EBITDA target of $68 million to $78 million for fiscal year 2024, representing growth of 11% to 27% compared to fiscal year 2023. The Company also expects to generate positive adjusted free cash flow.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-2.1%
Avg return
Earnings day
-4.2%
Avg return
5 days after
-3.5%
Avg return
30 days after
34%
11 / 32 earnings
Positive
+27.4%
Q4 2023
Best reaction
-22.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -2.9% | -9.2% | — | |
| Q2 2026 | +0.2% | +8.4% | -17.0% | |
| Q1 2026 | +21.2% | -7.0% | -27.9% | |
| Q3 2025 | -21.2% | -15.5% | -24.1% | |
| Q2 2025 | -13.9% | -13.9% | -27.0% | |
| Q1 2025 | +0.0% | -3.7% | -8.6% | |
| Q4 2024 | +9.8% | +1.6% | -7.1% | |
| Q3 2024 | -22.0% | -29.7% | -23.6% | |
| Q2 2024 | -14.5% | -20.1% | -19.2% | |
| Q1 2024 | -5.4% | -9.4% | -14.3% | |
| Q4 2023 | +27.4% | +50.6% | +39.3% | |
| Q3 2023 | -3.1% | -8.8% | +5.8% | |
| Q2 2023 | -5.4% | +7.5% | +2.7% | |
| Q1 2023 | -21.3% | -21.0% | -2.3% | |
| Q4 2022 | +12.0% | +19.6% | +17.5% | |
| Q3 2022 | -7.8% | -9.4% | -32.6% | |
| Q2 2022 | +15.0% | +6.9% | +7.8% | |
| Q1 2022 | -2.8% | -4.7% | -0.8% | |
| Q4 2021 | +21.1% | +14.8% | +5.4% | |
| Q3 2021 | +1.4% | +0.1% | -16.8% | |
| Q4 2020 | -21.7% | -24.1% | -26.8% | |
| Q2 2021 | +4.3% | +10.2% | +109.7% | |
| Q3 2020 | -13.5% | -20.6% | -17.8% | |
| Q2 2020 | -7.1% | -2.8% | -24.3% | |
| Q1 2020 | -4.0% | -0.1% | +24.6% | |
| Q4 2019 | -9.8% | -30.6% | -59.1% | |
| Q3 2019 | -4.5% | -9.1% | -13.6% | |
| Q2 2019 | -8.1% | -26.3% | -28.0% | |
| Q1 2019 | +5.2% | -1.7% | -12.4% | |
| Q4 2018 | -3.7% | -7.4% | -30.1% | |
| Q3 2018 | -9.8% | -2.6% | -33.4% | |
| Q2 2018 | +16.3% | +22.0% | +145.7% | |
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