Q3 2026 Tilray Brands Inc Earnings Call Transcript

Apr 1, 2026 / 12:30 PM GMT

Release Date Price: €5.73 (+5.91%)

Transcript 10-Q8-K

Key Points

Positve

Tilray Brands Inc (TLRY) achieved record third-quarter revenue of $206.7 million, marking an 11% increase year-over-year.
The company reported strong international cannabis growth, with a 73% increase in international cannabis revenue and a 43% growth in Germany.
Tilray Brands Inc (TLRY) successfully completed Project 420, delivering $33 million in annualized cost savings, which improved the underlying cost structure of the beverage business.
The acquisition of BrewDog positions Tilray Brands Inc (TLRY) as a $1.2 billion global revenue company, significantly enhancing its long-term growth profile.
Tilray Brands Inc (TLRY) maintained a strong financial position with $265 million in cash, restricted cash, and marketable securities, providing flexibility for growth investments.

Negative

The beverage segment experienced a decline in net revenue to $42.6 million from $55.9 million in the prior year, impacted by margin-focused actions and industry-wide softness.
Price compression in international markets reduced international cannabis revenue by approximately $7 million, despite higher gram equivalents sold.
The company faced ongoing challenges with integration and regulatory constraints across international markets, which could impact future growth.
Tilray Brands Inc (TLRY) reported a net loss of $25.2 million, although this was an improvement from the previous year's loss.
The company is dealing with significant input cost headwinds, including higher aluminum costs, which have affected the beverage segment's margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TLRY.OQ - Tilray Brands Inc
Q3 2026 Tilray Brands Inc Earnings Call
Apr 01, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for joining today's conference call to discuss Tilray Brands' financial results for the third quarter of fiscal year 2026 ended February 28th, 2026.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there'll be a question-and-answer session for analysts conducted via audio.

I'll now turn the call over to Ms. Baron Noata, Tilray Brands Chief of Communications and Corporate Affairs Officer.

Thank you. You may now begin.

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Unidentified_2 [2]
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Thank you, operator, and

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