These tax increases led to higher retail prices for tobacco products
On average 298 persons die daily from smoking-related diseases
In her assessment of the Ankeny, Iowa-based chains quarterly results, Bonnie Herzog, managing director of beverage, tobacco and convenience-store research for Wells Fargo Securities, New York, said Caseys experienced weak consumer demand in farm-belt markets, overall softness in restaurants and food retail, a deceleration of cigarette sales and a reversal of recent uptrading trends and a general food deflation. For us, if you look at fiscal 2017, the best-case scenario is margins will be stable to slightly down in the cigarette category, said Bill Walljasper, CFO of Caseys
The additives appear to be an effort to circumvent an expected federal ban of menthol cigarettes by the FDA later this year
The flavor is pretty mild, and comes across as a gentle peppermint flavor