At the current rate of deleveraging, driven by both debt reduction and increasing earnings (a mix of top-line growth and margin expansion from sales mix, price take, and disciplined cost rationalization), it is likely that repurchases resume much earlier, contingent on reinvestment needs in New Categories, perhaps as early as H1 2024
Another factor is CVS pulling tobacco from its shelves in October 2014
In closed rooms or cars it lingers longer, but a cracked window or small fan handles most of that
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Creates a raised, textured effect on paper or cardstock
E-cigarettes are the most commonly used tobacco product