By Adria Calatayud

Imperial Brands PLC (IMB.LN) said Wednesday that its ITG Brands subsidiary continued to win share in the U.S. cigarette market over the past half year, although the company anticipates U.S. industry volumes to decline.

The U.K. cigarette maker said ITG Brands has experienced a gain of 14 basis points in the U.S. cigarette market over the past 26-week period. For the full year, industry volumes are expected to fall by between 4.5% and 5% this year, Imperial Brands said.

Industry volumes in the four weeks to May 18 fell 6.4%, Imperial Brands said citing data from analytics company Management Science Associates Inc.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

May 29, 2019 12:14 ET (16:14 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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