The Latest Breaking News from Turning Point Brands Inc

Despite the sector facing strict regulations due to health hazards, the tobacco industry is expanding due to steady demand and new product launches. So, fundamentally strong tobacco stocks, Altria Group (MO), Turning Point Brands (TPB), and Vector Group (VGR) might be solid buys this month. Read more.

The tobacco industry’s outlook appears bright due to the consistent tobacco use given its addictive nature and the launch of new, emerging products like e-cigarettes. Thus, investing in quality tobacco stocks Japan Tobacco (JAPAY), Turning Point (TPB), and Imperial (IMBBY) could be wise for potential gains this month. Read more….

Turning Point Brands Inc (NYSE:TPB) has partnered with marketing and sales agency Petalfast Inc. for the distribution expansion of its rolling paper brand, Zig-Zag. Turning Point acquired the license to distribute Zig-Zag in North America in 1997. Under the agreement, Petalfast will provide full-service sales and marketing support to Zig-Zag and…

Turning Point Brands Inc (NYSE:TPB) reported a first-quarter FY22 sales decline of 6.3% year-on-year to $100.89 million, missing the consensus of $104.59 million. Zig-Zag Products net sales increased 11.4% to $45.7 million. Stoker’s Products net sales rose 8.4% to $31.7 million on double-digit growth of Moist Snuff Tobacco (MST). Gross profit decreased 2.8%…

Turning Point Brands Inc's (NYSE:TPB) board of directors has approved a 9% increase in the quarterly dividend to $0.06 from $0.055 per share paid in January. The dividend is payable on April 8, 2022, to shareholders of record on the close of business on March 18, 2022. The company held $128.3 million in cash…