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March 20, 2013
08:28 EDTLOLorillard details long-term earnings growth scenarios
Lorillard, in investor meeting presentation slides, gave three financial scenarios depending on the regulatory environment. The company's mid-single digit long-term earnings growth rate scenario includes a heightened promotion environment, no new products, share repurchases from free cash flow, and limited contribution from blu eCigs. Its high-single digit long-term earnings growth rate scenario includes normal historical pricing, while its low-double digit scenario includes new incremental products, additional leverage-driven share repurchases, and a meaningful contribution from blu eCigs. Lorillard notes that all scenarios deliver double-digit shareholder return.
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August 29, 2014
08:05 EDTLOReynolds, Lorillard receive additional information requests from FTC
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August 27, 2014
07:28 EDTLOTobacco giants grab C-store e-cig share as sales shift to 'vape shops,' WSJ says
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August 26, 2014
13:17 EDTLOWHO calls on countries to restrict e-cigarette use, NY Times says
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