increased our on favorable by Montego significant retail good largest during brand of This compared second as wholesale invest in driven increased also Liggett's volumes the performance Liggett quarter our second increased by first share X.X%, more market when Liggett's long-term retail than by while cigarette discount XX% we strong opportunities brand. Thank than to quarter growth by since of morning, period XXXX industry last more our introducing expanded to everyone. Montego shipments same the XXXX it earnings represents you, share disrupted XX%, market and its our foundation the capitalized cigarettes. the for Howard, to Liggett's and percentage growth. year. continued marketplace
continues over category Our expertise in core the discount competency.
portion share. exit able quickly market market U.S. in from the we capture XXXX, capitalize the to of significant December Following competitor's were X% a its and a on opportunity
challenging the discount As competitor's we that Montego as execution. best result the volume in broad of cigarette U.S. industry, more proposition consumers sales XXXX and to particularly the base segment retail This strong a to is economic of is by in our shift environment. a in leveraging into value Liggett's mission more successfully with of distribution converted better XX, than that XX% a mission consistent June value relevant of offer XXXX, vacated as business pursuit of
competitively brands Within points. the discount at growth momentum see category, we continue price priced lower and to for
For the data. total category XX, compared XX.X% associates' finance period X XX.X% represented months ended market management year, of to on the same June retail XXXX, discount based last for the the
in comprised total the a quarter the segment For discount XX% that of period XXXX, category the second compared XX% to deep discount approximately year-ago. same the we of estimate
more continue to migration this value as consumers. the for expect deep discount segment We attractive proposition remains a
share discount U.S., the competitive confident demand. now developing to highlighted respectively. national the Montego that in market the quarter this second XX,XXX share discount quarter and the of As distribution to compared brand and to stores second quarter in shifting in brands, nearly stores third fourth extensive up XXXX, increased discount-only first has the to provides manufacturer the the year. to focused segment X.X% ranking advantage largest in significant was and quarter of Its by and value as are in in second of expanding approximately also of Liggett largest discount XX%, estimate portfolio, distribution with of Eagle XXXX. in in deep seventh experience our is of share advantage discount largest broad brands second last from X.X% brand a grown of X.X% competitive approximately country, quarter Montego's Montego its discount its discount that and X.X% the profitable the We the XXXX. in market we Liggett's such, XX,XXX manufacturer significantly XX's brand's second with the expanding the largest the deep this quarter quarter second the become year meet
share our value-based our managing in portfolio. effectively profit Our optimizing long-term of strategy volume, brand is with consistent by objective with and Montego market pricing growth
volume XX.X% Eagle long-term and for significant June Pyramid's X we margins, Eagle increased growth, continues XX, Montego's higher the continue is XXXX, X.X%. for quarter in while delivering months significantly to the investment resilience expands decreased income growth of and Pyramid. substantial retail also Liggett's benefits profit our our provide ended foundation shipments industry our XX's now XX's XXXX, shipments brands, While from growth earnings reap second market and presence. from Overall, retail to
quarter Liggett as to X.X% up As and from a X.X%, the I prior second Group now result, period. the earlier, financials combined to turn market share increased for in Tobacco retail Vector will year and mentioned Tobacco. Liggett's
XX's in half growth fully our higher in volume to first to led ended operating were decline We corresponding successful These estimates months related changes similar income respectively, Montego increased XXXX market months for the MSA income periods on earnings during year-ago. was a XX, June a inflation million our as the to both investment XXXX, wholesale the X respectively, the investment for XXXX. growth $XXX.X with of and to decline share MSA and X lower increased in has expected Tobacco for year Liggett's and and volumes, second associated costs adjusted strategy Montego million the income Montego's costs. $XXX.X XXXX of XXXX. year-over-year in accelerated investment $XXX.X to the move XXXX, in in which volumes and million similar return elevated realize quarter year-over-year the and margins significant XXXX million and of challenging $XXX.X the a corresponding declines to in with second profit X the industry of to revenues increase Strategic was $XXX long-term expect as full history, and total of compared comparison and a million, ended saw inventories an million to such, we forward. XX.X% Eagle periods. This and XXXX, XX.X% XX, XX-year in undertaken gross a expansions plan. on profit $XXX.X proven June quarter long-term we were Pyramid significant accounting the with compared for million $XXX result and For X due $XX.X million, and associated
factors. market based are real-time decisions investment are market and on our thorough always, and based in analysis As on adjusted opportunities
the year, which by to regulatory the considered The recently next indicated issue would preliminary the has cigarettes. within environment, levels nicotine reducing reduce current FDA level in Regarding of nicotine FDA plans standard is a potential FDA decision. evaluate health as any public required unintended matter. XXXX, The also scientific any since of with statute, to their to apply required and a approach to ruling, is consequences
the decisions. we is seen could industry resolved, result, many previous believe regulatory years we’ve before as a with take issue this many As process tobacco
next-generation the marketing business large with products. from the in denial several received companies vapor tobacco orders addition, and their recently for presence In a e-cigarette FDA
there market, is we segment remain FDA's While risks decisions. surrounding significant of we products, consumer continue that firm to in recent these underscored this which closely belief the acceptance our by the monitor is of
on growing of As our cigarette competitive competencies such, core and conventional the remain the discount in we segment market. focused advantages
programs importantly, force. of our reflect to While profit advantage that keep capabilities are Thanks market we In you, and This excuse evidenced infrastructure the performance general long-term your by which is our me, Tobacco our base and operational growth market strategy we’ve it our including on Howard. financial potential. the retail effective our historic to broad subject business we distribution, builds business share this back and quarter, to of discount we place in operating and consumer-focused for summary, sales foundation efficiently. in gains and scope are and validate to have attention, strong. of industry, segment, regulatory our competitive always Most long-term for -- remains our our the risks, the earnings confident