Company Overview - Turning Point Brands, Inc. operates in the tobacco and alternative products sector, leveraging established brands like Zig-Zag and Stoker's [5] - The company employs a multi-segment strategy, serving both traditional tobacco consumers and those seeking alternative products [5] - Turning Point Brands generates revenue through the manufacture, marketing, and distribution of various branded consumer products, including rolling papers, moist snuff tobacco, and vapor products [7] Financial Performance - As of November 14, 2025, Turning Point Brands had a market capitalization of $1.93 billion and revenue of $435.72 million for the trailing twelve months (TTM) [3] - The company reported a net income of $52.37 million for the TTM [3] - In Q3, sales increased by 31% year over year to $119 million, with net income rising 70% to $21 million, resulting in diluted earnings per share of $1.13 compared to $0.68 in the prior year [8] Growth Drivers - A significant contributor to Turning Point Brands' success has been its Modern Oral line of nicotine pouches, which saw Q3 sales surge by 628% year over year to $37 million [9] - The company has raised its 2025 sales forecast for the Modern Oral line to between $125 million and $130 million, a substantial increase from the original guidance of $60 million to $80 million [9] Market Performance - As of November 14, 2025, shares of Turning Point Brands were priced at $101.22, reflecting a 75% increase over the past year, outperforming the S&P 500 by 62 percentage points [2] - The stock reached a 52-week high of $110.55 on November 5, 2025, indicating strong market performance [10]