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Convenience-store retailers remain cautious about the tobacco category, with 26% reporting a weaker adult tobacco consumer, down from 48% in the previous quarter. Cigarette volumes are expected to decline by about 6%, influenced by a shift to smoke-free alternatives and lower consumer spending. Additionally, 58% of retailers noted reduced c-store trips for tobacco products, while fuel prices, although lower than historical highs, continue to impact tobacco consumers.
Bonnie Herzog
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
goldman sachs survey reveals cautious outlook for tobacco category in 2024
19:41 21.03.2025
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