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Stock impact report

 Turning Point Brands Announces Preliminary Second Quarter 2020 Results

Turning Point Brands, Inc. (TPB) 
Last turning point brands, inc. earnings: 4/28 07:30 am Check Earnings Report
Company Research Source: Business Wire
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a leading provider of Other Tobacco Products (“OTP”) and adult consumer alternatives, today announced preliminary sales results for the second quarter ended June 30, 2020 in connection with the underwritten secondary offering by certain of its stockholders of 2,000,000 shares of TPB’s common stock. TPB plans to release its full second quarter 2020 financial results along with updated full year guidance on July 28, 2020.During the second quarter of 2020, the Company delivered strong execution of its business strategy and achieved record quarterly net sales. Preliminary estimates of net sales exceeded $100 million for the second quarter of 2020 compared to net sales guidance of $81 to $87 million provided on April 28, 2020. All segments outperformed management expectations for the second quarter of 2020.In the Smokeless segment, the secular consumer down-trading trends that accelerated Show less Read more
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