Tilray Brands Not Dependent on Single Market, CEO Highlights Multiple Growth Engines

Tilray Brands Inc. (NASDAQ:TLRY) reported a first-quarter 2027 adjusted loss of 2 cents per share on Thursday, beating the consensus loss of 20 cents. Sales rose 23% year over year to $257.147 million, missing Wall Street’s estimate of $267.813 million. Gross profit increased 35% year-over-year to $77.5 million, while gross margin expanded to 30% from 27%. Cannabis net revenue fell to $56.1 million compared to $64.5 million a year ago. Beverage net revenue rose 82% year over year to $101.5 million, reflecting the acquisition of BrewDog. Distribution net revenue increased 14% to $84.3 million, while Wellness net revenue was $15.3 million. Fuel Surcharge Impacts EBITDA Adjusted EBITDA was $9.2 million in the first quarter, down from $10.2 million, weighed down by approximately $1.7 million in global fuel surcharges this quarter. Irwin Simon, Chairman and CEO of Tilray Brands, stated: "Tilray’s record first-quarter revenue and gross profit demonstrate the power of the diversified platform we have built and the momentum we are creating across cannabis, beverage, hospitality, wellness and pharmaceutical distribution.” “We are no longer dependent on a single market or regulatory catalyst. We have multiple engines of growth, a scaled international footprint and the ability to convert scale into stronger margins, greater efficiency and sustainable, profitable growth," Simon further commented. Fiscal Year 2027 Guidance and Seasonality Expectations For fiscal year 2027, the company reaffirms its expectation of adjusted EBITDA of $68 million to $75 million, representing double-digit growth versus fiscal year 2026. Historically, due to the business’s seasonality, financial results are typically weighted more toward the second half of the fiscal year, with results strengthening significantly in the fourth quarter. TLRY Price Action: Tilray Brands shares fell 2.01% to $3.64 in premarket trading on Thursday. The stock is trading near its 52-week low of $3.54, according to Benzinga Pro data. Read Also: Anthropic IPO Could Be 2026’s ‘Most Ridiculous’ Offering as Analyst Values AI Firm at Just $150 Billion: ‘Unprecedented Test of Investor Gullibility’ Photo: Shutterstock