) reported fiscal second quarter earning that topped analyst estimates on both the top and bottom lines. The beverage company's results got a boost from beer sales, especially, its Modelo and Corona brands. Roth Capital Partners Senior Research Analyst Bill Kirk tells Yahoo Finance Live that when it comes to the beer unit,"the demographics are squarely in their [Constellation Brands] favor.
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Constellation Brands earnings: Where Modelo sales could be most impactfulConstellation Brands (STZ) is set to report earnings this week and with changes in consumer trends, there are questions about how beer brands — such as Constellation's own Modelo and Corona — are rising to the occasion. Wedbush Equity Research Analyst Gerald Pascarelli joins Yahoo Finance Live to break down Constellation's earnings expectations as consumers pivot to new trends. Non-alcoholic beer consumption has a 'very small base,' Pascarelli asserts, but anticipates non-alcoholic drinks to be a part of companies' 'innovation cycle over the years to come' nonetheless. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Tilray Brands reports jump in revenue: CEO explains why the company has 'a lot of integration to do'Tilray Brands (TLRY) reported a 15 percent increase in overall net revenue in the first quarter, while losses narrowed to $56 million. In an interview with Yahoo Finance Live, Tilray Brands CEO Irwin Simon emphasized building top line revenue and targeting long-term profitability, saying, 'it took Tesla almost 20 years to be profitable, it took Amazon almost 9 years to be profitable.' Tilray Brands recently acquired eight beer brands from Anheuser-Busch (BUD), which Simon says will complement their existing portfolio and help drive the business toward being 'cash-flow positive.' 'We got a lot on our plate. We got a lot of integration to do,' Simon says adding, 'what i'm looking at this year in regards to hitting our numbers is top line growth, we have built into our plan to get a lot of synergies, and that's gonna come from putting these businesses together, taking no costs, and ultimately that's how we get to cash flow positive.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Cannabis company Tilray Brands reports $55.9M Q1 loss, revenue up 15% from year agoLEAMINGTON, Ont. — Tilray Brands Inc. reported a loss of US$55.9 million in its latest quarter compared with a loss of US$65.8 million a year earlier as its net revenue rose 15 per cent. The cannabis company, which keeps its books in U.S. dollars, says the loss amounted to 10 cents per diluted share for the quarter ended Aug. 31. The result compared with a loss of 13 cents per diluted share in the same quarter last year. Net revenue in what was Tilray's first quarter totalled US$176.9 million, u
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Cannabis company Tilray Brands reports $55.9M Q1 loss, revenue up 15% from year agoTilray Brands Inc. reported a loss of US$55.9 million in its latest quarter compared with a loss of US$65.8 million a year earlier as its net revenue rose 15 per cent.
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