NYSE:TPBTobacco
Turning Point Brands (TPB) Stock Rises As Nicotine Pouches Squeeze Earnings
Turning Point Brands walked into this earnings report with a premium P/E of 35.9x and a stock that had slipped over the past month. The market shrugged that off and marked the shares up about 2.6% today. The reason sits squarely in nicotine pouches. Modern Oral revenue jumped to nearly half of total net sales in the quarter, while group revenue reached about US$143 million.
Investors now face a clear trade off. The growth engine looks powerful, yet adjusted EBITDA fell sharply as Turning...