Turning Point Brands — Third Quarter 2026 Earnings Summary

Turning Point Brands reported third-quarter 2026 consolidated net sales of $151.1 million, a 27.0% increase from the prior year, driven by a 102.9% surge in Modern Oral net sales to $74.4 million. Despite the revenue growth, the company's net income declined 81.4% to $3.9 million, while adjusted EBITDA fell 41.3% to $18.4 million due to increased sales and marketing investments. The Stoker's segment accounted for 75% of total net sales with a 52.0% growth rate, whereas the Zig-Zag segment saw a 15.5% decrease in sales. The company 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.