Turning Point Brands, Inc. Provides Revenue Guidance for Fourth Quarter and Full Year of 2021
October 26, 2021 at 07:30 am
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Turning Point Brands, Inc. provided revenue guidance for fourth quarter and full year of 2021. For the full year, it expects net sales of $433 to $443 million (compared to previous guidance of $447 to $462 million).
For the fourth quarter net sales of $93 to $103 million with growth in the Zig-Zag and Stoker?s segments and a double-digit decline in NewGen.
Turning Point Brands, Inc. is a manufacturer, marketer and distributor of branded consumer products. It sells a range of products to adult consumers consisting of staple products under the brands Zig-Zag and Stokerâs. Its segments include Zig-Zag Products (Zig-Zag), Stokerâs Products (Stokerâs) and Creative Distribution Solutions. Zig-Zag principally market and distribute rolling papers, tubes, and related products; finished cigars and make-your-own cigar wraps, and CLIPPER reusable lighters and other accessories. Stokerâs manufactures and markets moist snuff tobacco (MST) and contract for and market loose leaf chewing tobacco products. Creative Distribution Solutions segment markets and distributes liquid nicotine products and certain other products without tobacco and/or nicotine; distributes an assortment of products to non-traditional retail outlets via Vapor Beast, and markets and distributes an assortment of products to individual consumers via the VaporFi B2C online platform.