VGR Stock Recent News

Vector's market position with value brands has been a huge tailwind for their revenue growth. Vector's management is acutely aware of leverage and manages the balance sheet well.

The Consumer Staples Select Sector SPDR Fund was one of the best-performing sectors last year, falling by less than 1% compared to the 19% decline of the Russell 1000. With economic uncertainty lingering until 2023, diversifying into consumer staples is crucial for risk management.

Vector (VGR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Vector Group Ltd. (NYSE:VGR ) Q4 2022 Earnings Conference Call February 16, 2023 8:00 AM ET Company Participants Howard Lorber - President and CEO Bryant Kirkland - CFO Nick Anson - President and COO-Liggett Vector Brands Conference Call Participants Ian Zaffino - Oppenheimer Hale Holden - Barclays Karru Martinson - Jefferies Operator Welcome to Vector Group Ltd.s' Fourth Quarter 2022 Earnings Conference Call.

MIAMI--(BUSINESS WIRE)--Vector Group Ltd. (NYSE: VGR) will conduct a conference call and webcast to discuss its fourth quarter and full year results on Thursday, February 16, 2023 at 8:00 a.m. (ET). Investors may access the call via live webcast at https://www.webcaster4.com/Webcast/Page/2271/47624. Please join the webcast at least 10 minutes prior to start time. A replay of the call will be available shortly after the call ends on February 16, 2023 through March 2, 2023 at https://www.

The company continues to maintain a steady pace of revenue growth. Despite macro headwinds, operating margin remains stable.

The tobacco business has gained market share and as of last quarter was at its highest market share within the industry since 1984. Management has held the dividend steady at $0.20/share.

Some of Vector Group's numbers were lower, but that came primarily from marketing spend associated with the successful marketing of its Montego brand. The weak economic environment plays to VGR's discount business model that should continue on for some time as inflation, while likely to fall some, will probably stick around.

Vector Group Ltd. (NYSE:VGR ) Q3 2022 Earnings Conference Call November 2, 2022 8:00 AM ET Company Participants Howard M.

Vector (VGR) delivered earnings and revenue surprises of -7.69% and 22.29%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?