Turning Point Brands Raises FY23 Adj EBITDA guidance From $88M - $94M To $90M - $95M
Portfolio Pulse from Benzinga Newsdesk
Turning Point Brands (TPB) has increased its FY23 adjusted EBITDA guidance from $88M-$94M to $90M-$95M.
August 04, 2023 | 11:01 am
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Turning Point Brands has raised its FY23 adjusted EBITDA guidance, indicating a positive outlook for the company's future earnings.
The increase in EBITDA guidance suggests that Turning Point Brands expects higher profitability in FY23. This could be due to expected increases in sales, cost reductions, or other factors. This news is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term.
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