TobaccoReporter logo

Tag: Turning Point

  • Zig-Zag Introduces Value-Priced, High-Turnover Line  

    Zig-Zag Introduces Value-Priced, High-Turnover Line  

    Zig-Zag launched itsWoods brand, a new line of premium natural leaf cigars designed to meet rising demand in the rough-cut segment. Many consumers refer to rough-cut cigars as “woods.”

    “Zig-Zag Woods features a slow-burning, all-natural leaf wrap filled with premium rough-cut tobacco, delivering a rich and smooth smoking experience,” the company said. “With bold flavor profiles and recognizable Zig-Zag branding, this line is engineered for fast sell-through and high margins.”

    The cigars will be offered in five flavors and be pre-priced at $1.39 for two sticks. They will be sold in 15-pouch cartons and 24-carton cases, “ready to hit retail shelves with high-margin potential.”

  • FRE Announces Partnership with PBR Tour

    FRE Announces Partnership with PBR Tour

    FRE Nicotine Pouches (part of Turning Point Brands) announced its largest sports sponsorship to date in becoming an official, multi-year partner of the Professional Bull Riders (PBR) Unleash the Beast tour, the sport’s top individual series.

    “Professional bull riding delivers the most exciting eight seconds in sports, and we’re thrilled to be part of that energy through our title sponsorship of the Unleash The Beast,” said Connor Smith, VP of Marketing for FRE. “PBR’s viewership has been steadily rising, and the sport is selling out iconic venues coast to coast – that’s the kind of passionate, engaged audience that aligns perfectly with FRE’s innovative approach to nicotine. Our PBR partnership represents more than just sponsorship; it’s about connecting with fans who appreciate authenticity, seizing the moment, and pushing boundaries.”

    FRE made its rodeo debut at Kid Rock’s Rock N Rodeo and the PBR World Finals in May. At the Championship event, FRE helped launch the “FRE Challenge Button,” allowing riders to request video reviews—a first in PBR history.

  • Turning Point Announces 1Q YoY Increase of 28.1%

    Turning Point Announces 1Q YoY Increase of 28.1%

    Turning Point Brands, Inc. today (May 7) announced financial results for the first quarter ended March 31, with net sales increasing 28.1% YoY to $106.4 million.

    “We are pleased with our first quarter results,” said Graham Purdy, President and CEO. “Modern Oral sales were $22.3 million, up nearly 10 times versus the prior year and nearly double the prior quarter. MST and looseleaf exceeded our expectations, and Zig-Zag was in line with our expectations.”

    The announcement included a Q1 2025 Adjusted EBITDA of $27.7 million, up 12.0% over the prior year, and a reaffirmation of previously announced 2025 Adjusted EBITDA guidance of $108 million to $113 million; increasing full-year consolidated nicotine pouch sales guidance to a range of $80 million to $95 million, from $60 million to $80 million.

    The company said Stoker’s Products net sales increased 62.7%; Zig-Zag Products net sales increased 1.2%; and gross profit increased 23.3% to $59.6 million.

  • Turning Point Announces Q1 Review

    Turning Point Announces Q1 Review

    Turning Point Brands, Inc. announced that on May 7, it will hold a conference call to review 1st quarter 2025 results at 9:30 a.m. EST. Interested analysts and professional investors can register and participate through one of its call-in numbers:

    (800) 715-9871 (U.S., toll-free)
    (646) 307-1963 (International)
    Event ID: 6640134

    Participants should call at least 10 minutes before the start and follow the audio prompts after typing in the Event ID. The call will also be broadcast live as a listen-only webcast from the investor relations section of the company’s website. The replay of the webcast will be available on the site two hours following the call.

  • Turning Point’s Q4 Beats Estimates

    Turning Point’s Q4 Beats Estimates

    Turning Point Brands published fourth-quarter earnings with an investor presentation on its website yesterday that saw a decrease from last year but exceeded analysts’ expectations. It posted adjusted earnings per share of $0.98, surpassing the consensus estimate of $0.70. Revenue came in at $93.7 million, below the $102.28 million analysts were expecting. Its $104.5 million adjusted EBITDA FY 2024 was a 12.0% increase from 2023.

    For the fourth quarter, Turning Point saw net sales increase 12.8% YoY to $93.7 million, with an adjusted EBITDA of $26.2 million, up 5.3% over prior year. The Zig-Zag segment grew 1.8% while Stoker’s products jumped 25.8%. Turning Point Brands ended the quarter with $46.2 million in cash and $57.4 million available on its revolving credit facility.

    “We were pleased with our fourth quarter and full year 2024 results and the momentum we are seeing across the organization,” said Graham Purdy, President and CEO.

    Looking ahead, the company projects full-year 2025 adjusted EBITDA of $108 million to $113 million. It also expects combined Modern Oral sales of $60 million to $80 million.

    The company’s shares were up 5.60% in premarket trading today following the release.

  • Turning Point Increases Stock Dividend

    Turning Point Increases Stock Dividend

    Yesterday (Feb 26), Turning Point Brands, Inc. declared a regular quarterly dividend of $0.075 per common share. This is a 7% increase over the regular quarter dividend declared in November 2024. The dividend is payable on April 11, 2025, to shareholders of record on the close of business on March 21, 2025.

    TPB’s products are available in more than 220,000 retail outlets in North America, most noted for its Zig-Zag and Stoker’s brands.

  • Turning Point to Host FY24 Conference Call

    Turning Point to Host FY24 Conference Call

    Turning Point Brands, Inc. announced that it will review its fourth-quarter and fiscal year 2024 results via a conference call on Thursday, March 6, 2025, at 10 a.m. EST.

    Those interested should call 10 minutes before the event begins and follow the prompts to register. The dial-in numbers are 800-715-9871 (U.S., toll-free) and 646-307-1963 (international). The event ID is 6640134.

    The call will also be broadcast live as a listen-only webcast from the investor relations section of the company’s website. The replay of the webcast will be available on the site two hours following the call.