NDAQ:TLRY - Post Discussion
Post by
Keeler on Apr 15, 2024 10:48pm
Failed Craft Breweries
I agree with quinlash - investors SHOULD read the financials - however, the website contaions only the positive spins - and excludes the negative
The below is copied directly from Tilray's MD&A - page 40 Buying 8 failing craft brewers in a stagnant craft brewey sector was a bda business decision
"Beverage alcohol gross margin:
Gross margin of 34% and 38% for the three and nine months ended February 29, 2024 decreased from 48% and 47% from the same period in the prior year. Adjusted gross margin of 38% and 42% for the three and nine months ended February 29, 2024from 53% and 53% from the periods in the prior year.
The decrease in the adjusted beverage alcohol gross margin was a result of the newly acquired Craft Acquisition brands, which have lower margins than our historical business, primarily driven by the temporary
excess capacity within the acquired breweries, which we are actively evaluating for future optimization and enhanced utilization. Additionally, during the three month period this decrease was offset by a $2.5 million volume commitment reimbursement in our spirits business, which did not have any costs associated with it."
9Comment by
quinlashon Apr 15, 2024 8:24am 
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Post# 35988939
RE:RE:Zack Savage,
You should go back and read the quarter report summary on their website as well as open the financial reports. Their alcohol sales are doing extremely well.
Whoever is telling you otherwise is mistaken.
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