Launched November 2010
Launched November 2010
Industry Perspective Report on Menthol – Submitted to FDA March 2011
The report concludes that there is no scientific basis to support the regulation of menthol cigarettes any differently than nonmenthol cigarettes.
First quarter 2013 net sales increased 3.3% to $1.577 billion from last year’s first quarter. First quarter 2013 adjusted earnings per diluted share (EPS) increased 13.8% versus last year to $0.66.
In the first quarter, total Lorillard retail market share of cigarettes increased to a record-high level of 14.9%, an increase of 0.4 share points from last year. Newport retail market share also increased to a record-high of 12.7%, up 0.5 share points.
Also in the first quarter, blu eCigs distribution expanded to more than 80,000 stores resulting in first quarter net sales of $57 million and over a 40% retail market share.
Lorillard celebrated its 250th Anniversary in 2010
Lorillard is the oldest publicly traded company listed on the New York Stock Exchange and one of the oldest continually operating companies in America
Lorillard, Inc., through its Lorillard Tobacco Company subsidiary, is the third largest manufacturer of cigarettes in the United States. Founded in 1760, Lorillard is the oldest continuously operating tobacco company in the U.S. Newport, Lorillard’s flagship premium cigarette brand, is the top selling menthol and second largest selling cigarette in the U.S. In addition to Newport, the Lorillard product line has four additional cigarette brand families marketed under the Kent, True, Maverick and Old Gold brand names. These five brands include 43 different product offerings which vary in price, taste, flavor, length and packaging. In April 2012, Lorillard acquired blu ecigs, the leading electronic cigarette company in the U.S. Lorillard maintains its headquarters and manufactures all of its cigarette products in Greensboro, North Carolina.
“We are off to a solid start to the year, with good topline growth, strong market share growth in cigarettes and electronic cigarettes, and operating margin expansion, all translating to robust earnings growth,” stated Lorillard’s Chairman & CEO.
The resilience of Lorillard’s market-leading brands and the unrivaled passion and commitment of its employees resulted in another year of record-setting results in 2012.
Lorillard, Inc. Common Stock
First quarter net sales increased 3.3% and adjusted EPS increased 13.8% versus last year, despite significant competitive activity in the quarter. Lorillard retail market share of cigarettes increased to a record-high level of 14.9% in the first quarter, an increase of 0.4 share points from last year.
Lorillard announced the authorization of a new $500 million share repurchase program.
Lorillard's previously announced 3-for-1 stock split is effective January 16, 2013 - demonstrating the Board of Directors' continued confidence in the Company's brands and strategic direction.