Source: WINSTON-SALEM JOURNAL, 7/24/16

A trend of tobacco consumers having more disposable income continued to bolster sales of traditional cigarettes in the second quarter, particularly Reynolds American Inc. acquisition Newport, according to a leading analyst. Bonnie Herzog, with Wells Fargo Securities, said Monday that the industry as a whole is experiencing a slowing in the decline of traditional cigarette sales.

For more of this story, click here.