Zig-Zag Rolling Papers Segment Drives 47% Of Turning Point Brands' Q3 Sales, CEO Predicts Sustainable Growth

Turning Point Brands, Inc. (NYSE:TPB), a maker of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced its financial results Thursday for the third quarter ended Sept. 30, 2024.

The company behind Zig-Zag, a brand of rolling papers in the cannabis industry, said total consolidated net sales increased 3.8% year over year to $105.6 million.

Zig-Zag products’ net sales, which accounted for 47% of total net sales in the quarter, increased 5.5% over the same period to $49.3 million, driven by strong performance in our North American Papers & Wraps business and solid growth in cigars.

Graham Purdy, the company’s president and CEO, said Zig-Zag is on "a sustainable growth trajectory."

Zig-Zag Products ...

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