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Turning Point Brands Announces Third Quarter 2026 Results

TPB
  • Turning Point Brands reported Q3 2026 consolidated net sales of $151.1 million, a 27.0% increase year-over-year.
  • Modern Oral segment gross sales rose 114.2% to $93.9 million, while net sales increased 102.9% to $74.4 million, representing 49.2% of total company net sales.
  • Stoker's segment net sales grew 52.0% to $113.8 million, driven by Modern Oral growth, though gross profit margin decreased to 56.0% due to product mix shifts.
  • Zig-Zag segment net sales declined 15.5% to $37.3 million, with gross profit margin falling slightly to 57.4%.
  • Consolidated gross profit increased 20.9% to $85.2 million, driven primarily by Modern Oral growth.
  • GAAP net income decreased 81.4% to $3.9 million, while adjusted EBITDA fell 41.3% to $18.4 million due to increased sales and marketing investments.
  • SG&A expenses rose 69.1% to $75.3 million, reflecting higher sales, marketing costs, outbound freight, and Modern Oral-related investments.
  • The company repurchased 167,161 shares for $10.0 million during the quarter, ending with total liquidity of $322.8 million including $251.3 million in cash.
  • Turning Point Brands reaffirmed its full-year 2026 guidance, projecting Modern Oral net sales between $260 million and $270 million and adjusted EBITDA between $70 million and $80 million.
  • A conference call to discuss results is scheduled for November 9, 2026, at 9:00 a.m. Eastern Time.