Turning Point Brands’ Preliminary Profit Falls 81% as Costs Rise

Turning Point Brands, Inc. announced preliminary third-quarter net income of $3.9 million, down 81.4% from $21.1 million a year earlier, as selling, general and administrative expenses climbed to $75.3 million. The company’s shares fell 3.98% to close at $63.26 on Monday, Nov. 9.

Net sales for the quarter ended Sept. 30, 2026, rose 27% to $151.1 million. Diluted earnings per share declined to $0.19 from $1.13, while operating income fell to $9.9 million from $25.9 million.

The increase in selling, general and administrative expenses included sales and marketing investments related to Modern Oral products and higher outbound freight costs. The preliminary figures could differ materially after quarter-end procedures and review.

Modern Oral net sales more than doubled to $74.4 million, representing 49.2% of company net sales. Turning Point Brands maintained its 2026 guidance for Modern Oral net sales of $260 million to $270 million and adjusted EBITDA of $70 million to $80 million for the company overall.