Cannabis company Tilray Brands (NASDAQ: TLRY) will be reporting earnings this Thursday before the bell. Here’s what to look for.
Tilray missed analysts’ revenue expectations by 2% last quarter, reporting revenues of $224.5 million, down 2.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ gross margin estimates and full-year EBITDA guidance missing analysts’ expectations.
Is Tilray a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Tilray’s revenue to grow 2% year on year to $204 million, slowing from the 13.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tilray has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Tilray’s peers in the consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Constellation Brands’s revenues decreased 15% year on year, beating analysts’ expectations by 0.5%, and Lamb Weston reported flat revenue, topping estimates by 2.6%. Constellation Brands traded up 1% following the results while Lamb Weston was also up 11.4%.
Read our full analysis of Constellation Brands’s results here and Lamb Weston’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the consumer staples stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.4% on average over the last month. Tilray is up 51.8% during the same time and is heading into earnings with an average analyst price target of $0.98 (compared to the current share price of $1.70).
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