•
Mar 31, 2022
Turning Point Brands Q1 2022 Earnings Report
Turning Point Brands' Q1 2022 results reflected growth in Zig-Zag and Stoker's products, while navigating a challenging consumer and regulatory landscape.
Key Takeaways
Turning Point Brands reported a decrease in net sales by 6.3% to $100.9 million, but experienced a 10.1% increase in net sales for Zig-Zag and Stoker's Products. The company's diluted EPS was $0.55, and adjusted diluted EPS was $0.71. They focused on growing market share for Zig-Zag and Stoker's while managing profitability across all segments, including NewGen.
Net sales decreased by 6.3% to $100.9 million, but Zig-Zag and Stoker’s Products sales increased by 10.1%.
Gross profit decreased by 2.8% to $51.8 million.
Net income decreased by 6.7% to $11.0 million.
Diluted EPS was $0.55, and Adjusted Diluted EPS was $0.71.
Turning Point Brands
Turning Point Brands
Turning Point Brands Revenue by Segment
Forward Guidance
TPB is maintaining the guidance provided on February 22, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income