- Turning Point Brands press release ( NYSE: TPB ): Q2 Non-GAAP EPS of $0.70 misses by $0.03 .
- Revenue of $102.9M (-16.1% Y/Y) misses by $2.96M .
- Combined net sales for Zig-Zag and Stoker’s Products demonstrated resilience decreasing 0.9 percent for the quarter
- NewGen net sales declined by 45.1 percent (declined 2.1 percent sequentially)
- Gross profit decreased 14.2 percent to $51.5 million
- Net income decreased 64.7 percent to $5.4 million
- Adjusted EBITDA decreased 17.6 percent to $24.7 million (see Schedule A for a reconciliation to net income).
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Turning Point Brands Non-GAAP EPS of $0.70 misses by $0.03, revenue of $102.9M misses by $2.96M