BofA relays US nicotine sales trends through May 30
Investing.com -- Bank of America released scanner data for the four weeks ending May 30, showing mixed performance across nicotine product categories in the United States.
Cigarette industry dollar sales declined 3.3% with volume down 7.4% and price mix up 4.4%. Vapor sales fell 17.2% with volume down 12.5% and price mix down 5.3%. Cigar sales dropped 4.4% as volume fell 8.8% while price mix rose 4.9%. Oral tobacco sales increased 5.8% with volume up 0.4% and price mix up 5.4%.
Altria Group (NYSE: MO) posted cigarette sales down 3.2% with volume down 6.9% and price mix up 4.0%. The company gained 20 basis points of cigarette volume share. Vapor sales fell 56.9% as volume dropped 58.9% and price mix rose 5.1%, resulting in a 3.1 percentage point loss in vapor share. Cigar sales rose 3.4% and gained 240 basis points of share. Oral and smokeless tobacco sales declined 2.9% with volume down 12.9% and price mix up 11.5%, losing 4.6 percentage points of share. The company's on! Plus moist pouch became available nationally in late March.
Philip Morris International (NYSE: PM) recorded smokeless and oral tobacco sales growth of 0.6% with volume down 4.9% and price mix up 5.9%. The company lost 180 basis points of smokeless volume share. Cigar sales fell 11.3% and lost 20 basis points of share. ZYN Ultra moist pouch is being rolled out in the US this month.
British American Tobacco (NYSE: BTI) reported cigarette sales down 5.3% with volume down 10.9% and price mix up 6.3%, losing 110 basis points of volume share. Vapor sales rose 8.8% and gained 800 basis points of share. Oral and smokeless tobacco sales jumped 28.3% with volume up 26.9% and price mix up 1.1%, gaining 590 basis points of share.
Imperial Brands posted cigarette sales down 2.5% with volume down 9.5% and price mix up 7.7%, losing 20 basis points of share. Vapor sales fell 21.6% and lost 10 basis points of share. Cigar sales dropped 10.0% and lost 100 basis points of share. Smokeless and oral sales rose 34.6% and gained 30 basis points of share.
Japan Tobacco (TYO:2914) recorded cigarette sales up 2.6% with volume up 0.8% and price mix up 1.8%, gaining 70 basis points of share. Vapor sales fell 12.2% while maintaining share.
