Turning Point blames US regulation for drop in vapour product sales

The legal challenges faced by the vaping industry in the US impacted Turning Point Brands’ vapour portfolio in 2021, with a significant drop in the last quarter’s net sales and gross profit.

Turning Point, a manufacturer and distributor of branded consumer products, including alternative smoking accessories, said that its emerging brand within its new generation (“NewGen”) segment posted a net sales decline of 7.5% to $144.7m for 2021. For the last quarter of the year, its net sales fell by around 22% to $28m.

Gross profit for the quarter fell from NewGen products by 40.6% to $7.0m, while for the whole year it dropped by 5.9% to $47m.

Unlock access

Want the full analysis? Let's talk

We share insights with professionals we’re in contact with. Let us know a bit about your interest.

"*" indicates required fields

Corporate Email*

Company Name*

Name*

Department*

Industry*

Work Telephone*

How did you hear about us?*

Tell us what you're interested in*

Phone

This field is for validation purposes and should be left unchanged.

I'm already a subscriber

Antonia Di Lorenzo

Newsdesk editor/EU lead reporter

Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

The global e-cigarette market is in an opaque regulatory environment that requires professionals to be on top of industry developments to make informed decisions and optimise their strategy.

ECigIntelligence provides organisations with leading market and regulatory data analysis to anticipate and understand market developments globally and the impact of regulatory changes to the business.

Stay informed of any legal and market change in the sector that impacts your organisation
Maximise resources by getting market and legal data analysis daily in one place
Make smart decisions by understanding how the regulatory and market landscape evolves
Anticipate risks in your decisions by monitoring regulatory changes that impact your organization

LATEST ALERTS

Turning Point blames US regulation for drop in vapour product sales and profit

Antonia Di Lorenzo

Our Key Benefits

Sign up to our newsletter

LATEST ALERTS

Want the full analysis? Let's talk

Antonia Di Lorenzo

Our Key Benefits

Want the full analysis? Let's talk

Sign up to our newsletter

Curious to see ECigIntelligence in action?