Tilray Brands, Inc. is experiencing a decline in its stock price today following the release of its fiscal Q2 2025 earnings report. The company reported mixed results, with revenue falling short of Wall Street's expectations at $211 million, compared to the anticipated $216.34 million. Despite this, Tilray managed to exceed expectations with its bottom line, reporting flat adjusted EPS against a consensus of -3 cents per share. The earnings report also highlighted a decline in cannabis revenue by 2.1% to $65.7 million, which has contributed to investor dissatisfaction.
The market's reaction to Tilray's earnings report has been negative, with the stock trading approximately 8% lower in premarket activity. This decline builds on a 5.52% drop the previous day, as investors anticipated the earnings release. Despite maintaining its fiscal 2025 revenue guidance of $950 million to $1 billion, which surpasses Wall Street's estimate, the mixed results have not been enough to assuage investor concerns.
Tilray Brands, Inc. (TLRY) is currently trading at $1.19, down 13.09% from the previous close of $1.37. The stock opened at $1.24 and has fluctuated between a high of $1.27 and a low of $1.18 in today's trading session. Despite being just 30 minutes into the trading day, the volume is already at 20,881,056 shares, representing 65.46% of the average daily volume of 31,897,591 shares, indicating significant trading activity this morning.