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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.
As the company should continue to grow share organically via its discount brands, at the same time, it's transitioning its deep discount Montego to a higher-priced option.