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Jun 30, 2022
Turning Point Brands Q2 2022 Earnings Report
Turning Point Brands' Q2 2022 results reflected resilience in Zig-Zag and Stoker's segments amidst a challenging macro environment, while NewGen segment faced regulatory headwinds.
Key Takeaways
Turning Point Brands reported a decrease in net sales by 16.1% to $102.9 million, with net income decreasing by 64.7% to $5.4 million. The Zig-Zag and Stoker's segments showed resilience, while the NewGen segment experienced a decline. The company is adjusting its outlook for the year due to the uncertain macro environment.
Net sales decreased by 16.1% to $102.9 million, while Zig-Zag and Stoker’s combined net sales decreased 0.9%.
Net income decreased 64.7% to $5.4 million, with diluted EPS at $0.30 and Adjusted Diluted EPS at $0.70.
Stoker’s MST experienced accelerated share gains driven by consumer trade-down to the value category.
Company is adjusting its outlook for the year due to the uncertain macro environment and slower than expected improvement in NewGen Products segment.
Revenue by Segment
Forward Guidance
Due to the uncertain macro environment and slower than expected improvement in our NewGen Products segment, the Company now expects the following full-year 2022 results
Positive Outlook
- Zig-Zag Products sales of $193 to $200 million
- Stoker’s Products sales of $127 to $133 million
- Consolidated adjusted EBITDA of $97 to $103 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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