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DrugScreening.org


 
Reynolds Profits from Smokeless Tobacco
October 26, 2007

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News Summary

Cigarette maker R.J. Reynolds seems to be profiting from its foray into the smokeless-tobacco market, according to the latest earnings reports.

The Wall Street Journal reported Oct. 25 that Reynolds' third-quarter net income rose 16 percent, partly due to strong sales of smokeless tobacco products like Grizzly snuff. Reynolds also makes Camel, Kool, and Pall Mall cigarettes.

The company's smokeless-tobacco unit had operating earnings of $90 million, up 18 percent from the same quarter in 2006.

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