Turning Point Brands raises outlook on Zig-Zag, nicotine growth
The Zig-Zag maker now expects adjusted EBITDA of $101 million-$103 million for 2024. Turning Point Brands (NYSE: TPB) beat analyst estimates and raised its full-year outlook after reporting stronger-than-expected third-quarter results, driven by growth in its Zig-Zag papers and oral nicotine businesses. The company reported revenue of $105.6 million, ahead of the average analyst estimate […]
