R. J. Reynolds said its profits for...
R. J. Reynolds said its profits for the third quarter ended Sept. 30 rose 12% from a year ago to $257 million, partly because of the contribution from recently acquired Nabisco Brands. The tobacco firm said inclusion of Nabisco’s results was the principal reason for the 47.8% increase in its revenue to $4.76 billion. Reynolds said the inclusion of results from Nabisco had a dramatic effect on its food and beverages sales, which were 148% higher this year than a year earlier. Tobacco sales fell 4% in the latest quarter amid uncertainty about higher federal excise taxes and the strong U.S. dollar, Reynolds said.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.