Tilray Q4 Earnings: Revenue, EPS Beat As Cannabis, Beverages, Wellness Converge On A Global Scale, Driving ‘Remarkable Growth’
Tilray Brands Inc (NASDAQ:TLRY) reported fourth-quarter financial results for fiscal year 2024 after the market close on Monday. Here’s a look at the key metrics from the quarter.
Q4 Earnings: Tilray reported fiscal fourth-quarter revenue of $229.882 million, up approximately 25% year-over-year. The company’s top-line results came in above the consensus estimate of $227.07 million, according to data from Benzinga Pro.
Cannabis net revenue increased 12% to $71.9 million in the quarter, while beverage-alcohol net revenue jumped 137% to $76.7 million. Distribution net revenue fell to $65.6 million in the fourth quarter. Wellness net revenue increased 6% to $15.7 million.
Tilray reported fourth-quarter adjusted earnings of …