Turning Point Brands, Inc. (TPB) Reports Q2 EPS of $0.05
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Turning Point Brands, Inc. Announces Second Quarter and First Half 2016 Results
August 11, 2016 6:50 AM EDTLOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (NYSE: TPB), a leading provider of Other Tobacco Products (OTP) through brands such as Stokers, Zig-Zag and Primal, today announced financial results for the three and six months ended June 30, 2016.
Second quarter 2016 results at a glance
(all comparisons vs. prior-year quarter)
Net sales increased 7.5% to $51.6 million Gross profit increased 10.0% to $24.9 million Gross margin expanded 110 basis points to 48.2% from 47.1% Net income increased to $0.8 million, versus a net loss of ($1.4) million... More