Tobacco stocks decline as stricter global controls outweigh growth in e-cigarettes.

Since 2016, tobacco stocks have underperformed the market, with cigarette consumption and real revenues declining. The study, analyzing nine major tobacco companies, links the downturn to stricter tobacco control measures globally. While products like e-cigarettes and heated tobacco have emerged, their growth has not offset the decline in traditional tobacco sales, suggesting a challenging future for the industry.

November 19, 2024
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