When Is Cannabis Giant Tilray Reporting Earnings And What Should Investors Expect?
Tilray Brands, Inc. (NASDAQ:TLRY) (TSX:TLRY), a global cannabis and consumer packaged goods company, will release its financial results for the fourth quarter and full fiscal year ending May 31, 2024, on July 29, 2024, after the market closes. A live audio webcast discussing these results is scheduled for 4:30 pm Eastern Time and will be accessible on the Investors section of Tilray’s website. Investors can also replay and archive the webcast on the company’s website.
The company is encouraging its stockholders to engage in the upcoming Q&A session. Stockholders can already submit and upvote questions via the Say Technologies platform until July 26, 2024..
Tilray’s Recent Performance And Strategic Moves
Shares of Tilray Brands experienced a sharp decline after missing third-quarter estimates and retracting its forecast for positive adjusted free cash flow for the fiscal year 2024. The company reported $188.3 million in net revenue for the third quarter ending February 29, 2024, marking a 30% year-over-year increase. Despite the revenue growth, the net loss for the quarter was $105 million, still a significant improvement from the $1.2 billion net loss …