Turning Pt Brands Inc Stock Price, News & Analysis

Turning Point Brands (NYSE: TPB) appoints Graham Purdy as CEO effective October 16, 2022, following Yavor Efremov's resignation. Purdy, with nearly two decades at the company, aims to enhance brand value and shareholder returns. The company reports preliminary Q3 2022 net sales between $106 million and $108 million, and updated full-year revenue forecasts for Zig-Zag products down to $186-$191 million. The outlook for Stoker's products remains stable at $128-$132 million, while adjusted EBITDA is revised to $96-$99 million.

Turning Point Brands (NYSE: TPB) has scheduled a conference call to discuss its second quarter 2022 results on Wednesday, October 26, 2022, at 8:30 a.m. Eastern. The call aims to engage with analysts and investors. Participants can join via a toll-free number (888) 330-2502 in the U.S. or Internationally at (240) 789-2713, using Event ID 6640134. For those unable to attend, a live audio webcast will be available on the company’s website with a replay available two hours post-call.

The Board of Directors of Turning Point Brands (NYSE: TPB) has declared a quarterly dividend of $0.06 per common share. This dividend will be paid on October 7, 2022, to shareholders of record as of September 16, 2022. Turning Point Brands specializes in the production and distribution of branded consumer products, including alternative smoking accessories, and operates through well-known brands like Zig-Zag® and Stoker’s®. Its products are offered in over 215,000 retail locations across North America.

Turning Point Brands (TPB) reported a 16.1% decline in net sales to $102.9 million for Q2 2022 compared to Q2 2021. Gross profit dropped 14.2% to $51.5 million, and net income fell 64.7% to $5.4 million. Adjusted EBITDA also decreased by 17.6% to $24.7 million. Despite challenges, Zig-Zag and Stoker’s segments remained stable, with Zig-Zag achieving a slight decrease in sales of 2.1% and Stoker’s rising by 0.7%. NewGen Products saw a significant 45.1% decline in sales. The company revised its full-year outlook due to market uncertainties.

Turning Point Brands (NYSE: TPB) scheduled a conference call for July 27, 2022, at 8:30 a.m. Eastern Time to discuss its second quarter 2022 results with investors. Interested participants can register using the U.S. toll-free number (888) 330-2502 or the international line (240) 789-2713, entering Event ID 6640134. A live webcast will also be available on the company’s website, with a replay accessible two hours after the call.

Turning Point Brands manufactures a variety of consumer products, including alternative smoking accessories, available in over 215,000 retail outlets across North America.

The Board of Directors of Turning Point Brands (NYSE: TPB) has declared a quarterly dividend of $0.06 per common share. This dividend is set to be paid on July 8, 2022, to shareholders of record as of the close of business on June 17, 2022. Turning Point Brands specializes in branded consumer products, including alternative smoking accessories, and has a substantial retail presence across North America.

Turning Point Brands (TPB) reported Q1 2022 net sales of $100.9 million, down 6.3% year-over-year, despite a 10.1% sales increase in Zig-Zag and Stoker's products. Gross profit decreased 2.8% to $51.8 million, and net income fell 6.7% to $11.0 million. Adjusted EBITDA dropped 9.8% to $25.3 million. The NewGen segment faced a 37.1% sales decline due to regulatory impacts. Zig-Zag contributed significantly to growth, with an 11.4% increase in sales, while Stoker's saw an 8.4% increase. Despite challenges, the company maintains a strong balance sheet and continues share repurchases.

Turning Point Brands, Inc. (NYSE: TPB) will host a conference call on April 27, 2022, at 8:30 a.m. Eastern to discuss its first quarter 2022 results with investors. Analysts can join by calling (888) 330-2502 for U.S. participants and (240) 789-2713 for international participants, using Event ID 6640134. A live webcast will also be available on the company's website, with a replay accessible two hours post-call. Turning Point Brands offers a range of consumer products, including Zig-Zag® and Stoker’s® brands, across over 215,000 retail outlets in North America.

Turning Point Brands (NYSE: TPB) has appointed Summer Frein as its new Chief Marketing Officer, effective immediately. Frein brings over 15 years of marketing and brand experience, previously serving as General Manager at Cronos Group and holding key roles at Altria Group. Her expertise will be essential in shaping Turning Point's marketing strategy as the company diversifies its offerings. President and CEO Yavor Efremov expressed confidence in Frein's ability to enhance brand profiles and boost consumer acceptance.