Tilray Brands Announces Next Phase of Beverage Transformation
Globe Newswire•29/10/2026•07:00 ET
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Key Highlights
- ➤$20 million annualized cost savings targeted by fiscal 2028
- ➤U.S. brewing footprint consolidated from 10 facilities to six
- ➤Fiscal 2027 Adjusted EBITDA guidance reaffirmed at $68 million to $75 million
- ➤Carlsberg partnership launches January 1, 2027, targeting one million first-year cases
- ➤U.S. distributor network reduced approximately 9% since January 2025
Expert Statements
Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands
“We have taken meaningful steps to simplify our U.S. beverage operations, reducing our brewing footprint while optimizing our brand portfolio.”
Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands
“Our next priority is to continue to reduce operational complexity through the consolidation of our distributor network, delivering improved margins and profit generation from our U.S. beverage operations.”
Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands
“We are at the beginning of actioning these initiatives, and we anticipate they will flow through the broader business with the full impact anticipated in fiscal 2028.”
Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands
“As such, we are reaffirming our fiscal 2027 Adjusted EBITDA guidance of $68 million to $75 million.”
Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands
“With a more efficient cost structure and additional volume opportunities ahead, we expect these actions to drive margin expansion and stronger earnings across our U.S. beverage operations, while creating greater flexibility to reinvest in our brands, accelerate growth and deliver sustainable long-term shareholder value.”
Successfully Completed Consolidation of U.S. Brewing Footprint from 10 Facilities to Six
Identifying Further Opportunities to Reduce Complexity, Improve Brewery Utilization and Strengthen Margins
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