Tilray在25财年第二季度收入缺失后下滑

Tilray Brands (NASDAQ:TLRY) traded ~8% lower in the premarket on Friday after the Canadian cannabis company fell short of Street forecasts for its Q2 FY25 revenue, despite exceeding expectations with its bottom line and FY25 outlook.

While its quarterly revenue rose ~9% YoY to $211M, driven by TLRY's beverage business, which added $63M with ~36% YoY growth, its cannabis and distribution segments underperformed, bringing $66M and $68M to the topline, respectively implying ~ a 2% YoY drop and ~2% growth.

However, the Ontario-based company reaffirmed its net revenue guidance of $950M—$1B for fiscal 2025, ahead of consensus estimates of $900M revenue. 

"In our fiscal second quarter, Tilray achieved strong results while making significant progress on our strategic plan," CEO Irwin Simon said, adding, "As we enter the second half of the year, we remain committed to delivering on our financial guidance and driving shareholder value."

Meanwhile, the company's adjusted net loss reached $2M in Q2 from $3M in the prior year period as its adjusted gross profit margin improved to 30% from 27%, driven by the beverage division, where adj. gross margin reached 42% from 38%, respectively.

However, TLRY's adj. EBITDA for the quarter fell ~10% YoY to $9M, after a $1.8M impact attributed to the beverage segment's SKU rationalization.

Notably, the company announced a synergy program named Project 420 to achieve its $25M synergy plan through initiatives such as portfolio and operational optimization and cost savings.