BAT says U.S. vaping slowdown will lead to slower growth in e-cigarette business

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

British American Tobacco , the world's no. 2 tobacco company by revenue, sa...

FILE PHOTO: A promoter shows British American Tobacco's new tobacco heating system device 'glo' and Kent tobacco after a news conference in Tokyo, Japan, November 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo

The safety of vaping has been in the spotlight, with U.S. health officials reporting more than 2,000 cases of vaping-related lung illness and 47 deaths linked to its use in the country, leading to tighter regulatory scrutiny and individual state bans. U.S. vaping products make up 17% of the company’s new categories business and generate 0.8% of total group revenue, according to Jefferies analysts.

Rival Imperial Brands earlier this month issued a cautious forecast for 2020, citing a “challenging” and “volatile” U.S. regulatory environment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And that’s a bad thing how?

I hate vaping and smokers. Military doc said my lungs are messed up due to the photo chemicals that I was around and the second hand smoke from my stepfather. I don't want my lungs messed up any more by having to be around others who are messing up their lungs.

Does that mean 3 of the 25 Vape stores within walking distance of my house might go out of business?

stop big tobacco, stop vaping

Oh, no! How will they manage to meet their death for profit goals?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines