Vector Group (VGR) Misses Q1 EPS by 8c

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Go back to Vector Group (VGR) Misses Q1 EPS by 8c

Vector Group Reports First Quarter 2022 Financial Results

May 10, 2022 7:43 AM EDT

Continued Strong Revenue Growth in Tobacco Segment, with First Quarter Tobacco Segment Revenues Increased by 15% from Prior Year Period

 

First Quarter 2022 Highlights:

Consolidated revenues of $312.0 million, increased by 15.1% or $41.1 million compared to the prior year period Tobacco Segment revenues of $309.0 million, increased by 15.1% compared to the prior year period. Tobacco Segment unit volume increase of 18.7% compared to the prior year period. Liggetts wholesale and retail market share increases to 5.2% from 3.9% and 4.2%, respectively, in the prior year... More