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Better Economy Has Smokers Buying More Marlboros

A better economy is helping sell more Marlboros and Camels, even as prices climb. That brought higher profits for their makers in the second quarter. Marlboro maker Altria Inc. has now seen two straight quarters of upticks in cigarettes sold. That is un
ABC News
added Jul 30, 2015 05:21
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VIDEO: Smoking is not cool. But cigarette stocks are hot.

How can these companies be doing so well at a time when smoking has been pretty much demonized...Make no mistake. The tobacco industry is not one that is likely to ever post huge levels of growth ever again. This isn't 1965. But investors who don't have a
CNN
added Jul 30, 2015 05:07
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Traders Buy Shares of Philip Morris International on Weakness on Insider Selling (PM)

PM has been the subject of several analyst reports. Zacks raised Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Monday, July 6th. Wells Fargo & Co. reaffirmed an “outperform” r
Dakota Financial News
added Jul 30, 2015 04:14
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[North Carolina] Analyst: Sales to adults may hit plateau

Bonnie Herzog, with Wells Fargo Securities, said her second-quarter retailer survey found "moderating vapor category growth, with several consumers being disillusioned by e-cigs, switching back to combustible cigs." E-cigs are battery-powered devices tha
Winston-Salem (NC) Journal
added Jul 29, 2015 16:20
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[North Carolina] Megadeal leads to Reynolds stock split

Reynolds American Inc.'s board of directors provided investors Tuesday with two more bonuses from its $29.25 billion purchase of Lorillard Inc. The board approved a two-for one stock split — the first such action since October 2010 — and a 7.5 percent in
Winston-Salem (NC) Journal
added Jul 29, 2015 16:17
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Reynolds Beats Q2 Earnings, Misses Sales; Raises FY Outlook

adjusted earnings of $1.02 per share in the second quarter of 2015 surpassed the Zacks Consensus Estimate of 94 cents by 8.5%. Earnings improved 14.6% year over year backed by higher cigarette and moist snuff pricing.
Zacks Investment Research, Inc.
added Jul 29, 2015 12:02
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Altria Reports 2015 Second-Quarter and First-Half Results; Raises 2015 Full-Year Adjusted EPS Guidance; and Announces New $1 Billion Share Repurchase Program

Altria and PM USA recorded pre-tax charges totaling $31 million for the estimated costs of implementing the corrective communications remedy in the federal government’s lawsuit against them.
Altria Group, Inc.
added Jul 29, 2015 11:58
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British American Tobacco beats expectations, shares up

reported better-than-expected performance for the second quarter, helped by cost savings and market share gains. Shares in the company, which makes Dunhill and Lucky Strike cigarettes, were up 2.8 percent at 0718 GMT (0818 BST).
Reuters
added Jul 29, 2015 11:09
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Vector Group to Host Second Quarter 2015 Results Conference Call

will conduct a conference call and webcast to discuss its second quarter 2015 results on Thursday, July 30, 2015 at 9:00 a.m. (ET).
Business Wire
added Jul 28, 2015 16:25
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Strong operating performance drives RAI’s 2Q15 results / Company announces: - Dividend increase - Two-for-one stock split - Increased full-year EPS guidance (PDF)

“Reynolds American delivered excellent results in the second quarter, in addition to successfully completing the Lorillard acquisition and related divestiture,” said Susan M. Cameron, president and chief executive officer of RAI. “The strength of our oper
Reynolds American (RAI)
added Jul 28, 2015 11:51
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