earnings
confidence high
sentiment negative
materiality 0.80
Turning Point Brands Q2 net sales down 16.1% to $102.9M; cuts FY adj. EBITDA guidance
Turning Point Brands, Inc.
2022-Q2 EPS reported
$0.86
revenue$203,819,000
- Net sales $102.9M (-16.1% YoY); net income $5.4M (-64.7%); diluted EPS $0.30 (adj. $0.70 vs $0.84).
- Zig-Zag sales $46.2M (-2.1%); Stoker's $33.6M (+0.7%); NewGen $23.1M (-45.1%).
- Revised FY2022 guidance: Zig-Zag sales $193-200M, Stoker's $127-133M, adj. EBITDA $97-103M.
- Spent $8.8M repurchasing 301,662 shares at avg $29.16; recorded $6.3M impairment on dosist.