Turning Point Brands Q4 2023 Earnings Report

Turning Point Brands EPS Results

• Actual EPS: $0.72
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: $0.65

Turning Point Brands Revenue Results

• Actual Revenue: $97.10 million
• Expected Revenue: $90.11 million
• Beat/Miss: Beat by +$6.99 million
• YoY Revenue Growth: -6.10%

Turning Point Brands Announcement Details

• Quarter: Q4 2023
• Date: 2/28/2024
• Time: Before Market Opens

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, Beech-Nut, Durango, Trophy, and Wind River brands. Its Creative Distribution Solutions segment market and distribute other products without tobacco and/or nicotine to individual consumers through VaporFi B2C online platform, as well as non-traditional retail through VaporBeast. In addition, it markets and distributes cannabis accessories and tobacco products. The company sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, drug store, and non-traditional retail channels. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky.