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Source: Richard Craver, WINSTON-SALEM JOURNAL, 6/1/17
The Big Three tobacco manufacturers continued to use higher prices to offset decreasing sales volume and a sharp California tax increase on producers, a leading Wells Fargo Securities analyst said Tuesday. R.J. Reynolds Tobacco Co., Philip Morris USA and ITG Brands LLC all raised their list prices in November and in March by 8 cents a pack each time. For more of this story, click here.
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