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Why Turning Point Brands Stock Is Plummeting Today
Yahoo Finance· 2026-03-02 17:21
Shares of white nicotine pouch and smoking accessories maker and marketer Turning Point Brands (NYSE: TPB) are down 20% as of 11 a.m. ET this morning after the company released fourth-quarter earnings. During the quarter, Turning Point grew sales by 29% while adjusted earnings per share dipped 3%, with both figures outpacing Wall Street's consensus. However, management guided for adjusted EBITDA to decline 15% sequentially as the company continues its shift away from legacy smoking accessories and Zig-Zags ...