Zig-Zag parent company reports record sales during pandemic [MarketWatch]
Turning Point Brands, Inc. (TPB)
Last turning point brands, inc. earnings: 4/28 07:30 am
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US:NYSE Investor Relations:
turningpointbrands.com/investor-relations
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Source: MarketWatch
Turning Point Brands Inc. , which makes Zig-Zag rolling papers and other smoking-related products, announced Wednesday afternoon that it expects to report record revenue for the just-completed quarter. In conjunction with the announcement of a public offering of 2 million shares from investors, the company revealed that it expects second-quarter revenue to top $100 million, a level the company has never previously reached for a quarter. The total is well ahead of the company's stated expectations of $81 million to $87 million as well as the average analyst estimate of $85 million, according to FactSet. "In the Smoking segment, sales benefitted from increased consumption, new product penetration and recently implemented growth initiatives which offset the COVID-related supply chain disruption experienced in the MYO cigar wraps business," the company disclosed in its announcement. Shares increased more than 10% in after-hours trading immediately following the announcement, after closing
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TPB
News
- Turning Point Brands to Host First Quarter 2024 Conference CallBusiness Wire
- Several Insiders Invested In Turning Point Brands Flagging Positive News [Yahoo! Finance]Yahoo! Finance
- Turning Point Brands (NYSE:TPB) Is Increasing Its Dividend To $0.07 [Yahoo! Finance]Yahoo! Finance
- Turning Point Brands, Inc. (NYSE:TPB) Passed Our Checks, And It's About To Pay A US$0.07 Dividend [Yahoo! Finance]Yahoo! Finance
- Turning Point Brands Appoints Andrew Flynn as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
TPB
Earnings
- 11/8/23 - Beat
TPB
Sec Filings
- 4/23/24 - Form PX14A6G
- 4/3/24 - Form 3
- 4/3/24 - Form 4
- TPB's page on the SEC website