Beeplog.de - Kostenlose Blogs Hier kostenloses Blog erstellen    Nächstes Blog   

Order cigarettes online from cheapest tobacco shop

Order cigarettes via mail delivery from europe



Du befindest dich in der Kategorie: Allgemeines

Donnerstag, 10. Mai 2012

Reynolds American 1Q Profit Falls 29% On Charges

Von buycigarettes, 11:52
Gross margin edged up to 48.6% from 48%.

The key Camel and Pall Mall brands posted a relatively steady quarter. Camel in particular fared well as volume rose 4.4% and market share inched up 0.1 percentage point. Pall Mall's market share was flat at 8.5%, though volume dropped 5.2% as the line sees competition from lower-priced line extensions from Altria's Marlboro and Lorillard Inc.'s (LO) Newport, as well as standalone brands like L&M and Maverick.

Citi analyst Vivien Azer called Camel's volume growth "a welcome surprise," saying she had been concerned that the brand would come under more pressure from Altria's repackaged products and the promotion of Marlboro Black.

The brand benefited from growing interest in Camel Crush and Camel Crush Bold, which incorporate a capsule technology that allows consumers to release menthol in the filter. Both of those products contributed to the brand's growth in the first quarter.

Total R.J. Reynolds cigarette market share dropped 1.2 percentage points to 26.8%. Analysts praised two rounds of price increases by the three largest U.S. tobacco companies last year, as it signaled they continue to command strong pricing power. The price rises were enacted even as state excise taxes have been fairly muted. After surveying tobacco-industry trade contacts, Wells Fargo recently said another round of retail price hikes could be coming in May or June.

Reynolds American maintained it expected state excise taxes in the 5-cent to 10-cent range this year. Pending initiatives are being considered in California, Missouri, Illinois and Rhode Island. Chief Financial Officer Thomas Adams said Reynolds American repurchased 6.3 million shares for $261 million in the first quarter. He said the company ended the quarter with $2.4 billion in cash balances.

Dividend yields and strong cash flows drew investors to tobacco stocks last year, but shares of the four major publicly traded companies have been mixed in 2012 as the industry's valuations are at the upper end of the historical range.

Other cigarettes brands you can buy at http://www.shop-smoke.com