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I am certain that this area will be used as a bench-mark for the category in future duty free stores across the globe, said Greenbaum.

For one, the portfolio mix has shifted quite dramatically, such that its core soup lineup now accounts for only around one fourth of total sales (down from more than 40% in fiscal 2017), while snacks make up around 50% (up from less than 30%)

We are constructive on the growth prospects of the premium spirits maker, as its high-end positioning in the structurally attractive whiskey category (where a lengthy maturation process creates significant entry barriers) aligns well with the industrys premiumization trend

Still, hookah smokers had the highest concentration, followed by dual smokers and then cigarette smokers