Tag: Turning Point

  • FDA Launches Pilot to Fast-Track Nicotine Pouch Reviews

    FDA Launches Pilot to Fast-Track Nicotine Pouch Reviews

    The U.S. Food and Drug Administration is set to fast-track reviews of nicotine pouches from Philip Morris International, Altria, Reynolds American, and Turning Point Brands in a pilot program launching Monday, according to Reuters. According to transcripts of an agency meeting last Friday, the agency aims to complete assessments by December, providing a quicker path to market for products like Zyn, on!, Velo, Fre, and Alp. The initiative comes amid pressure from the Trump administration to accelerate approvals and streamline the review process for the fastest-growing category of U.S. tobacco alternatives.

    The pilot program will reportedly feature reduced and expedited reviews, more frequent communication between FDA staff and companies, and a focus on essential scientific and safety data, including product characterization, manufacturing consistency, and abuse-liability information. For products already on the market without full authorization, the process could remove uncertainty over legality and potential enforcement actions. Tobacco firms have long lobbied for a faster FDA authorization route, noting that lengthy reviews have allowed competitors to capture market share in the meantime.

    “Adult nicotine and tobacco consumers are increasingly seeking nicotine pouches as a smoke-free alternative, and the industry is rapidly growing in response,” said Laura Leigh Oyler, vice president of U.S. Regulatory Affairs at Haypp Group, who will be speaking at GTNF 2025 in Brussels on the U.S. regulatory landscape. “These consumers deserve a marketplace of FDA-reviewed product choices to support their journey away from more harmful products. 

    “It makes sense that our government should also work to meet the demands of citizens, supporting a regulatory regime that quickly reviews well-designed and well-tested products from responsible and compliant manufacturers. This is a positive step not just for the regulator and the regulated industry, but for the millions of American adults looking for products they can trust.”

  • Stoker’s Rolls Out Fine Cut Wintergreen in New Can Format

    Stoker’s Rolls Out Fine Cut Wintergreen in New Can Format

    Stoker’s introduced its Fine Cut Wintergreen in a 1.2-ounce can, now available in 15 states. The product, previously sold only in 12-ounce tubs, “brings the same smooth flavor and consistent quality in a portable, on-the-go format,” the company said. “Consumers have been asking for a Fine Cut Wintergreen can, and we listened,” said Thomas Helms III, senior brand director.

    The launch expands Stoker’s moist smokeless tobacco portfolio and gives retailers new growth opportunities, with internal data showing stores that carry both cans and tubs see up to fivefold higher sales. A nationwide rollout is planned through 2025.

  • Modern Oral Sales Surge 651% in Turning Point’s Strong Q2 Report

    Modern Oral Sales Surge 651% in Turning Point’s Strong Q2 Report

    Turning Point Brands, Inc. reported robust second-quarter results, with Modern Oral net sales skyrocketing 651% Y-Y to $30.1 million, now making up 26% of total revenue. Total net sales rose 25.1% to $116.6 million, while net income increased 11.3% to $14.5 million. Adjusted EBITDA grew 14.8% to $30.5 million, and adjusted net income hit $18 million.

    The Stoker’s segment, boosted by Modern Oral, posted a 62.9% sales increase, while Zig-Zag declined 6.9% due to product mix shifts. Despite that, the company increased its full-year 2025 Modern Oral sales forecast to $100–110 million, up from $80–95 million.

    CEO Graham Purdy credited the strong results to aggressive growth in Modern Oral and resilience in legacy brands. “Our consolidated second quarter results were better than expected,” he said.

    TPB ended the quarter with $190.1 million in net debt and $176.4 million in liquidity. The company also raised its 2025 Adjusted EBITDA guidance to $110–114 million.

    A replay of the earnings call can be found at turningpointbrands.com.

    The company also declared a regular quarterly dividend of $0.075 per common share. The dividend is payable October 10, to shareholders of record on the close of business on September 19.

  • Zig-Zag Introduces Value-Priced, High-Turnover Line  

    Zig-Zag Introduces Value-Priced, High-Turnover Line  

    Zig-Zag launched itsWoods brand, a new line of premium natural leaf cigars designed to meet rising demand in the rough-cut segment. Many consumers refer to rough-cut cigars as “woods.”

    “Zig-Zag Woods features a slow-burning, all-natural leaf wrap filled with premium rough-cut tobacco, delivering a rich and smooth smoking experience,” the company said. “With bold flavor profiles and recognizable Zig-Zag branding, this line is engineered for fast sell-through and high margins.”

    The cigars will be offered in five flavors and be pre-priced at $1.39 for two sticks. They will be sold in 15-pouch cartons and 24-carton cases, “ready to hit retail shelves with high-margin potential.”

  • FRE Announces Partnership with PBR Tour

    FRE Announces Partnership with PBR Tour

    FRE Nicotine Pouches (part of Turning Point Brands) announced its largest sports sponsorship to date in becoming an official, multi-year partner of the Professional Bull Riders (PBR) Unleash the Beast tour, the sport’s top individual series.

    “Professional bull riding delivers the most exciting eight seconds in sports, and we’re thrilled to be part of that energy through our title sponsorship of the Unleash The Beast,” said Connor Smith, VP of Marketing for FRE. “PBR’s viewership has been steadily rising, and the sport is selling out iconic venues coast to coast – that’s the kind of passionate, engaged audience that aligns perfectly with FRE’s innovative approach to nicotine. Our PBR partnership represents more than just sponsorship; it’s about connecting with fans who appreciate authenticity, seizing the moment, and pushing boundaries.”

    FRE made its rodeo debut at Kid Rock’s Rock N Rodeo and the PBR World Finals in May. At the Championship event, FRE helped launch the “FRE Challenge Button,” allowing riders to request video reviews—a first in PBR history.

  • Turning Point Announces 1Q YoY Increase of 28.1%

    Turning Point Announces 1Q YoY Increase of 28.1%

    Turning Point Brands, Inc. today (May 7) announced financial results for the first quarter ended March 31, with net sales increasing 28.1% YoY to $106.4 million.

    “We are pleased with our first quarter results,” said Graham Purdy, President and CEO. “Modern Oral sales were $22.3 million, up nearly 10 times versus the prior year and nearly double the prior quarter. MST and looseleaf exceeded our expectations, and Zig-Zag was in line with our expectations.”

    The announcement included a Q1 2025 Adjusted EBITDA of $27.7 million, up 12.0% over the prior year, and a reaffirmation of previously announced 2025 Adjusted EBITDA guidance of $108 million to $113 million; increasing full-year consolidated nicotine pouch sales guidance to a range of $80 million to $95 million, from $60 million to $80 million.

    The company said Stoker’s Products net sales increased 62.7%; Zig-Zag Products net sales increased 1.2%; and gross profit increased 23.3% to $59.6 million.

  • Turning Point Announces Q1 Review

    Turning Point Announces Q1 Review

    Turning Point Brands, Inc. announced that on May 7, it will hold a conference call to review 1st quarter 2025 results at 9:30 a.m. EST. Interested analysts and professional investors can register and participate through one of its call-in numbers:

    (800) 715-9871 (U.S., toll-free)
    (646) 307-1963 (International)
    Event ID: 6640134

    Participants should call at least 10 minutes before the start and follow the audio prompts after typing in the Event ID. The call will also be broadcast live as a listen-only webcast from the investor relations section of the company’s website. The replay of the webcast will be available on the site two hours following the call.

  • Turning Point’s Q4 Beats Estimates

    Turning Point’s Q4 Beats Estimates

    Turning Point Brands published fourth-quarter earnings with an investor presentation on its website yesterday that saw a decrease from last year but exceeded analysts’ expectations. It posted adjusted earnings per share of $0.98, surpassing the consensus estimate of $0.70. Revenue came in at $93.7 million, below the $102.28 million analysts were expecting. Its $104.5 million adjusted EBITDA FY 2024 was a 12.0% increase from 2023.

    For the fourth quarter, Turning Point saw net sales increase 12.8% YoY to $93.7 million, with an adjusted EBITDA of $26.2 million, up 5.3% over prior year. The Zig-Zag segment grew 1.8% while Stoker’s products jumped 25.8%. Turning Point Brands ended the quarter with $46.2 million in cash and $57.4 million available on its revolving credit facility.

    “We were pleased with our fourth quarter and full year 2024 results and the momentum we are seeing across the organization,” said Graham Purdy, President and CEO.

    Looking ahead, the company projects full-year 2025 adjusted EBITDA of $108 million to $113 million. It also expects combined Modern Oral sales of $60 million to $80 million.

    The company’s shares were up 5.60% in premarket trading today following the release.

  • Turning Point Increases Stock Dividend

    Turning Point Increases Stock Dividend

    Yesterday (Feb 26), Turning Point Brands, Inc. declared a regular quarterly dividend of $0.075 per common share. This is a 7% increase over the regular quarter dividend declared in November 2024. The dividend is payable on April 11, 2025, to shareholders of record on the close of business on March 21, 2025.

    TPB’s products are available in more than 220,000 retail outlets in North America, most noted for its Zig-Zag and Stoker’s brands.

  • Turning Point to Host FY24 Conference Call

    Turning Point to Host FY24 Conference Call

    Turning Point Brands, Inc. announced that it will review its fourth-quarter and fiscal year 2024 results via a conference call on Thursday, March 6, 2025, at 10 a.m. EST.

    Those interested should call 10 minutes before the event begins and follow the prompts to register. The dial-in numbers are 800-715-9871 (U.S., toll-free) and 646-307-1963 (international). The event ID is 6640134.

    The call will also be broadcast live as a listen-only webcast from the investor relations section of the company’s website. The replay of the webcast will be available on the site two hours following the call.