Cigar News: Scandinavian Tobacco Group Releases Q2 Earnings and Lowers Guidance for 2023

Following lower financial results for the second quarter of 2023, Scandinavian Tobacco Group (STG) has lowered its full-year guidance. The company attributes this to a more volatile environment than expected and reflective of ongoing inventory adjustments across customers and distributors, slower regain of market shares in Europe, delays in new store openings in the US, […]