Tag Archives: tobacco market
Lorillard Reported Cigarette Volumes Drop
On July 30 Lorillard presented report on its second-quarter 2014 results, which reflects earnings increase by 3.7% from the prior-year quarter and sales increase. Reduction of outstanding share count resulted in earnings growth. Due to low e-cigarettes sales, in the report there was no Zacks Consensus Estimate of 88 cents by 4.5%. The report showed a reduction by 0.3% in … Continue reading Continue reading
Wilson Tobacco Market Celebrated 125 Years of Foundation
In 1890 in September the Wilson Tobacco Market for the first time began to sell the golden tobacco leaf. Most popular newspaper of the time was The Wilson Mirror published an advertisment which recommended tobacco growers to bring their crop to Wilson to sell it, because the market is closer to them and they would save money on warehouse fees. … Continue reading
Philip Morris Strengthens its Presence in Emerging Markets
Imperial Tobacco, Philip Morris International and British American Tobacco are top cigarette makers in the world. In the last quarter of 2013, the implementation of anti-tobacco laws which restrict cigarette usage along with sagging demand for cigarettes because of economic crisis reduced profits for major tobacco makers. However, in these conditions British American Tobacco managed to stay ahead of both … Continue reading
