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Turning Point Brands, Inc. (NYSE: $TPB) announced its financial results for the fourth quarter and full year of 2024, reporting adjusted earnings of $0.98 per share, surpassing the estimated $0.91. However, the company's sales totaled $93.67 million, falling short of the expected $95.07 million. The company highlighted a significant increase in FRE sales, which more than quadrupled compared to the previous year and grew 26% sequentially. The successful launch of ALP was also noted as a positive development for the company.
Turning Point Brands Announces Fourth Quarter and Full Year 2024 Results $TPB https://t.co/4YdI2qB7P8
a.k.a. Brands Holding Corp. Reports Fourth Quarter and Full Year 2024 Financial Results https://t.co/MDwFxGbeJk https://t.co/Ig6h4rsXr1
Excellent continued execution from the Turning Point Brands, Inc. (NYSE: $TPB) team! We reported on Q4 2024 Earnings this morning and that "...FRE sales more than quadrupled versus year-ago and grew 26% sequentially, and we are excited by the successful launch of ALP during the… https://t.co/bM2rjzbies
