TPB reports Q2 non-GAAP EPS of $0.23, falling short of expectations, while revenue surges 22.5% year-over-year to $142.9M.
Turning Point Brands posted a Q2 non-GAAP earnings per share of $0.23, missing estimates by $0.01. Revenue reached $142.9M, up 22.5% year-over-year and exceeding forecasts by $13.34M.
The company’s Stoker’s segment saw net sales jump 54.5% year-over-year, while the Zig-Zag segment experienced a 24.8% decline. Gross profit rose 40.6% compared to the same period last year.
Details on market reaction were not immediately available.