We have just released an article titled 10 Prominent Companies With Significant Gains; 6 Reach All-Time Highs. Among the standout performers on Thursday was Tilray Brands Inc. (NASDAQ:TLRY).
On Thursday, Tilray Brands experienced a remarkable surge, achieving a record high following impressive first-quarter earnings for the fiscal year 2026.
During trading, Tilray Brands Inc. (NASDAQ:TLRY) hit an impressive peak of $2.32 before consolidating gains to close the session up 22.09 percent at $2.10 per share.
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In a recent financial update, Tilray Brands Inc. (NASDAQ:TLRY) reported a net income of $1.5 million for the quarter ending August 2025, a significant turnaround from the net loss of $34.6 million recorded in the same quarter last year. Total net revenues rose by 4.5 percent, reaching $209 million compared to $200 million year-over-year.
Every business segment noted revenue growth, with the exception of the beverage sector, which remained unchanged at $56 million.
Significantly, the distribution segment grew by 9 percent to $74 million, while the cannabis division saw a 5 percent rise to $64.5 million. Meanwhile, the wellness segment experienced a more modest growth of 2.7 percent to $15.2 million.
“The results of Tilray’s first quarter showcase the impact of our strategic approach and disciplined execution. Achieving a record net revenue for the first quarter of $210 million, demonstrating net income, and strengthening our balance sheet are vital milestones. These milestones validate our dedication to fostering sustainable growth, operational excellence, and realizing value for our shareholders,” commented Irwin Simon, Chairman and CEO of Tilray Brands Inc. (NASDAQ:TLRY).
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Disclosure: None. This article was first published at Insider Monkey.
