earnings
confidence high
sentiment neutral
materiality 0.70
Turning Point Brands Q1 net sales down 6.3% to $100.9M; adjusted EPS $0.71 vs $0.80
Turning Point Brands, Inc.
2022-Q1 EPS reported
$0.55
revenue$100,894,000
- Zig-Zag segment net sales +11.4% to $45.7M; Stoker's +8.4% to $31.7M; NewGen -37.1% to $23.5M.
- Gross profit down 2.8% to $51.8M; adjusted EBITDA down 9.8% to $25.3M.
- SG&A rose to $32.6M from $28.9M including $1.3M restructuring and $1.1M FDA PMTA costs.
- Repurchased 310,224 shares for $10.6M at avg $34.24; total liquidity $147.4M.
- 2022 guidance maintained; segment reclass moved Wild Hemp to Zig-Zag and FRE pouches to Stoker's.