Tilray ( (TLRY) ) has released its Q2 earnings. Here is a breakdown of the information Tilray presented to its investors.
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Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company operating in the beverage, cannabis, wellness, and entertainment sectors, known for its diverse portfolio of over 40 brands in more than 20 countries. In its second quarter of fiscal year 2025, Tilray reported a 9% year-over-year increase in net revenue, reaching a record $211 million, with notable growth in its beverage and wellness segments. The company’s gross profit rose by 29% to $61 million, despite a net loss of $85 million, largely due to non-cash items and one-time costs. Tilray’s ‘Project 420’ aims to achieve $25 million in synergies for its beverage business, focusing on operational optimization, cost savings, and portfolio rationalization. As Tilray reaffirms its fiscal year 2025 guidance, the company remains optimistic about future growth driven by operational efficiencies and strategic investments.
