Vector Group Releases Record Tobacco Revenue in 2022

Feb.17.2023

Vector Group reports record tobacco revenue driven by strong sales, achieving historic highs in 2022.

Vector Group has released its annual report for 2022, which highlights a record high in tobacco business revenue bolstered by persistent strong sales.

Vector Group reported a consolidated revenue of $363.8 million in the fourth quarter, marking a 16% increase from the same period last year, or an additional $50.1 million. Revenue from their tobacco business also rose by 18.6%, or $57.2 million, to reach $363.8 million. The wholesale and retail market share for the tobacco sector increased from 4.4% to 5.5% and 4.4% to 5.8%, respectively. Operating revenue stood at $89.3 million, representing an increase of $20.7 million year-over-year. The tobacco sector's operating revenue amounted to $93 million, an 11% increase, or $9.2 million, attributed mainly to the Montego brand's switch to a revenue-based strategy instead of sales volume-based.

Throughout the year, Vector Group's total revenue amounted to $1.44 billion, marking an 18% increase from the previous year, or a $220.3 million increase. Within the company, the tobacco division brought in $1.43 billion in revenue, showing an 18.5% growth from the same period the year before, or a $222.6 million increase. The division's market shares in both wholesale and retail increased from 4.1% and 4.2%, respectively, to 5.4% and 5.5%. As for the reported operating revenue, it totaled $339 million and increased by $18.6 million from the previous year. The tobacco division's operating revenue was $347 million, a 3.7% decrease from the same period the year before, or a $13.3 million decrease, which was mainly due to the investment in the Montego brand that significantly increased its sales and market share.

Howard M. Lorber, President and CEO of Vector Group, stated that by seizing opportunities and significantly increasing market share, the company has created value for shareholders and achieved a historic high in revenue for 2022. The tobacco business saw an 11% increase in revenue in the fourth quarter, reflecting a shift in strategy for the Montego brand from volume-based to profit-based. In 2023, Vector Group will continue to focus on optimizing long-term profits through effective management of sales volume, pricing, and market share.

Vector Group Ltd. is a diversified holding company headquartered in Miami, Florida, with administrative offices in Manhattan and tobacco operations in North Carolina. Through its subsidiaries - Liggett Group LLC and Vector Tobacco Inc. - the company produces and sells high-quality tobacco-related products for adult smokers in the United States.

#Europe #Market #France

This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

Spain’s Competition Authority Questions Disposable Vape Ban

Spain’s National Commission on Markets and Competition (CNMC) has issued an opinion on the draft reform of the Tobacco Law proposed by the Ministry of Health, urging reconsideration of several measures. These include a proposed ban on disposable e-cigarettes and the full alignment of vaping products with traditional tobacco regulation.

Dec.17 by { "username": "", "position": "", "avatar": "", "auth": "", "seo_url": "" }

2FIRSTS Data Insight｜China’s Vape Exports to the U.S. Hit a Record $590 Million: A Peak Driven by Enforcement Cycles, Not Real Demand

China’s vape exports to the U.S. surged to a record $590 million in October 2025—nearly double the usual monthly level and pushing the U.S. share above 50% of China’s global shipments.But the spike was not driven by demand. Instead, it reflected a temporary release created by tightened U.S. enforcement, a collapsed logistics pathway, and a bullwhip-style surge in replenishment.The peak signals more volatility ahead, not recovery.

Special Report

Nov.24 by { "username": "", "position": "", "avatar": "", "auth": "", "seo_url": "" }

BAT accused of “utter hypocrisy” over efforts to dilute Zambia’s tobacco bill

The Guardian reports that British American Tobacco urged Zambian ministers to drop or delay ad and sponsorship bans and to soften a draft tobacco bill by shrinking health warnings, easing flavour restrictions and lowering penalties. Critics said the stance is hypocritical given similar rules apply in the UK.

Nov.13 by { "username": "", "position": "", "avatar": "", "auth": "", "seo_url": "" }

South Korea’s Parliament Reconsiders Bill to Regulate Synthetic Nicotine as Tobacco

South Korea’s National Assembly is once again reviewing a bill to classify synthetic nicotine as a tobacco product under the Tobacco Business Act. The proposal aims to close regulatory loopholes that allow untaxed, unregulated nicotine liquids — often used by minors — to circulate freely. Lawmakers expect the bill to pass during the current session amid growing public and civic pressure.