#1 Menthol Brand in the U.S.!
#1 Menthol Brand in the U.S.!
The U.S. Food and Drug Administration has stated it is seeking information to help determine whether or how to regulate menthol in cigarettes beyond existing regulations for all cigarettes.
Click here to see Lorillard’s position on potential menthol regulation and why we believe menthol cigarettes should be regulated no differently from regular cigarettes.
Fourth quarter 2013 net sales increased 2.3% to $1.743 billion from last year’s fourth quarter and full year 2013 net sales increased by 4.9% to $6.950 billion. Fourth quarter 2013 adjusted earnings per diluted share (EPS) increased 3.8% versus last year to $0.82. Full year 2013 adjusted EPS increased by 10.6% to $3.12.
In 2013, total Lorillard retail market share of cigarettes increased to 14.9%, up 0.5 share points from last year. Newport retail market share increased 0.6 share points to 12.6% in 2013. Also in the fourth quarter, blu eCigs distribution expanded to more than 136,000 stores resulting in fourth quarter electronic cigarette net sales of $54 million and retail market share of approximately 48%.
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 41 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.
“Lorillard delivered industry-leading double digit EPS growth and its eleventh consecutive year of market share growth in 2013 while the Company concurrently made investments in electronic cigarettes and new cigarette products in the fourth quarter,” stated Lorillard’s Chairman & CEO.
The remarkable winning tradition of Lorillard’s market-leading brands and its seasoned and talented employees resulted in another year of record-setting results in 2013.
Lorillard, Inc. Common Stock
In 2013, Lorillard net sales increased 4.9% and adjusted EPS increased 10.6% versus last year, despite significant competitive activity during the year. Lorillard retail market share of cigarettes increased 0.5 share points to 14.9 from last year.
Acquisition marks the first major step in building Lorillard's global e-cigarette business.
Lorillard announced a $500 million increase to its existing share repurchase program.