The latest trading session saw Tilray Brands, Inc. (TLRY) ending at $1.80, denoting a -0.55% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.31%. The company's stock has dropped by 3.21% in the past month, falling short of the Consumer Staples sector's gain of 3.54% and the S&P 500's gain of 1.57%. Investors will be eagerly watching for the performance of Tilray Brands, Inc. in its upcoming earnings ...

Company Performance - Tilray Brands, Inc. (TLRY) closed at $1.81, reflecting a +0.56% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.03% [1] - Over the past month, Tilray's shares have decreased by 6.74%, while the Consumer Staples sector gained 4.12% and the S&P 500 increased by 1.54% [1] Upcoming Earnings - The upcoming EPS for Tilray is projected at -$0.05, indicating a 50% increase compared to the same quarter of the previous year [2] - Revenue is estimated to be $216.47 million, representing a 22.33% increase from the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at -$0.16 per share and revenue at $901.62 million, showing changes of +51.52% and +14.28% respectively from the previous year [3] Analyst Estimates - Recent changes in analyst estimates for Tilray are important as they reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which assesses these estimate changes, currently ranks Tilray as 3 (Hold) [6] Industry Context - The Consumer Products - Staples industry, part of the Consumer Staples sector, has a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company, has successfully completed the previously announced acquisition of Atwater Brewery, from Molson Coors Beverage Company ("Molson Coors") (NYSE: TAP). Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, said, "Atwater Brewery is a renowned craft brewery with a rich history and a loyal following in Michiga ...

Tilray Brands, Inc. (TLRY) closed the latest trading day at $1.70, indicating no change from the previous session's end. This change lagged the S&P 500's daily gain of 0.45%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%. Shares of the company have depreciated by 4.76% over the course of the past month, underperforming the Consumer Staples sector's gain of 4.88% and the S&P 500's gain of 2.54%. Market participants will be closely following the financial results of Tilray Bra ...

The most recent trading session ended with Tilray Brands, Inc. (TLRY) standing at $1.66, reflecting a -1.19% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.3%. The company's shares have seen a decrease of 7.18% over the last month, not keeping up with the Consumer Staples sector's gain of 2.98% and the S&P 500's gain of 3.64%. Investors will be eagerly watching for t ...

Tilray Brands, Inc. (TLRY) , a leading global lifestyle consumer packaged goods company, officially completed the acquisition of three well-known craft breweries, namely Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing. The acquisition of these three breweries forms a part of the company's agreement with Molson Coors Beverage Company (TAP) to acquire four breweries on Aug. 13, 2024. As a part of the deal, the company is also on track to acquire Molson Coors' Atwater Brewery. These acquisi ...

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company, has successfully completed the previously announced acquisition of craft breweries Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing, from Molson Coors Beverage Company ("Molson Coors") (NYSE: TAP). Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, said, "Tilray Brands is crafting a ...

The latest trading session saw Tilray Brands, Inc. (TLRY) ending at $1.70, denoting no adjustment from its last day's close. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.23%. The the stock of company has fallen by 16.26% in the past month, lagging the Consumer Staples sector's gain of 3.03% and the S&P 500's gain of 2.55%. The upcoming earnings release of Tilray Brands, Inc. will be of great interest to investors. The company is expected to report EPS of -$0.04, up 60% from th ...

Its strategic ambitions for its beer business are quickly becoming a reality. With its shares down by 25% in the last 12 months, investors seem to be passing on Tilray Brands (TLRY -3.63%) stock, and it's easy to see why. Despite years of expansion in its cannabis segment, it hasn't yet proven that it can actually make being a shareholder worthwhile. That may change soon, due to three new developments that support the bull thesis for the stock. While it's still a risky purchase, if it can move toward effici ...

Core Viewpoint - Tilray Brands is expanding its operations into the alcohol sector, which has positively impacted its growth and profitability, while also reducing reliance on the saturated Canadian cannabis market [1][2]. Group 1: Acquisitions and Growth Strategy - Tilray has a history of acquisitions as a key growth strategy, allowing it to increase sales without competing in a low-margin cannabis market [2][10]. - The company recently announced the acquisition of four craft breweries from Molson Coors, enhancing its beverage brand portfolio [4]. - Last year, Tilray acquired eight brands from Anheuser-Busch InBev, positioning itself as the fifth-largest craft brewer in the U.S. [5]. Group 2: Financial Performance - In the most recent quarter ending May 31, the beverage alcohol segment generated $76.7 million in sales, accounting for one-third of Tilray's total revenue, while cannabis revenue was $71.9 million [6]. - The company's net loss decreased significantly from $119.8 million a year ago to $15.4 million, largely attributed to the growth of its alcohol business [9]. Group 3: Future Outlook - Tilray is expected to pursue further acquisitions, with CEO Irwin Simon indicating that the recent deal will not be the last [7]. - The company aims to diversify its operations and reduce reliance on low-margin cannabis products, which could enhance its profitability [8].