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Vpr Brands Lp  (VPRB)
Other Ticker:  
 
    Sector  Consumer Non Cyclical    Industry Tobacco
   Industry Tobacco
   Sector  Consumer Non Cyclical

Vpr Brands Lp's

Competitiveness


 

VPRB Sales vs. its Competitors Q2 2021



Comparing the results to its competitors, Vpr Brands Lp reported Total Revenue increase in the 2 quarter 2021 by 41.84 % year on year.
The sales growth was above Vpr Brands Lp's competitors average revenue growth of 14.03 %, recorded in the same quarter.

List of VPRB Competitors

With net margin of 15.49 % company reported lower profitability than its competitors.

More on VPRB Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Vpr Brands Lp achieved net profit of $0 millions compare to net loss of $-0 millions recorded in same quarter a year ago.

<<  More on VPRB Income Comparisons


Vpr Brands Lp's Comment on Competitors and Industry Peers


Competition in the electronic cigarette and vaporizer industry is intense. We compete with other sellers of electronic cigarettes, the nature of our competitors is varied as the market is highly fragmented and the barriers to entry into the business are low. Our direct competitors sell products that are substantially similar to ours and through the same channels through which we sell our electronic cigarette products. We compete with these direct competitors for sales through distributors, wholesalers and retailers, including but not limited to national chain stores, tobacco shops, dispensaries gas stations, travel stores, shopping mall kiosks, in addition to direct to public sales through the internet, mail order and telesales. As a general matter, we have access to and market and sell the similar electronic cigarettes as our competitors and since we sell our products at substantially similar prices as our competitors.

Part of our business strategy focuses on the establishment of contractual relationships with distributors and prominent branding focused on performance and quality. We are aware that e-cigarette competitors in the industry are also seeking to enter into such contractual relationships and try to create brand loyalty. In many cases, competitors for such contracts may have greater management, human, and financial resources than we do for entering into such contracts and for attracting distributor relationships. Furthermore, certain of our electronic cigarette competitors may have better control of their supply and distribution, be, better established, larger and better financed than our Company.

We also compete against “big tobacco”, U.S. cigarette manufacturers of both conventional tobacco cigarettes and electronic cigarettes like Altria Group, Inc., Lorillard, Inc. and Reynolds American, Inc. We compete against “big tobacco” who offers not only conventional tobacco cigarettes and electronic cigarettes but also smokeless tobacco products such as “snus” (a form of moist ground smokeless tobacco that is usually sold in sachet form that resembles small tea bags), chewing tobacco and snuff. “Big tobacco” has nearly limitless resources, global distribution networks in place and a customer base that is fiercely loyal to their brands. Furthermore, we believe that “big tobacco” will devote more attention and resources to developing and offering electronic cigarettes as the market for electronic cigarettes grows. Because of their well-established sales and distribution channels, marketing expertise and significant resources, “big tobacco” is better positioned than small competitors like us to capture a larger share of the electronic cigarette market.

We also face competition from manufacturers in China as they try to increase their USA presence by marketing directly to members within our supply and value chain similar products.

We may also face competition from other patent holders, including but not limited to, Imperial Tobacco Group Plc, Europe’s second-biggest tobacco company, who in September, 2013 acquired a portfolio of electronic cigarette patents from buy Dragonite International Ltd.’s (formerly Ruyan Group Holdings Limited) for $75 million, as we attempt to negotiate and contract with other electronic cigarette companies to license our intellectual property.





  

Overall company Market Share Q2 2021

Strong sales growth of 41.84 % in Overall company contributed to Vpr Brands Lp increase in total revenue by 41.84 %

Vpr Brands Lp improved its market share in this segment, to approximate 0.01 %.



<<  More on VPRB Market Share.
 

*Market share calculated with total revenue.


VPRB's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Vpr Brands Lp 5 5 0 19
Avalanche International, Corp. 0 0 -3 2
White Fox Ventures, Inc. 0 0 0 6
Bang Holdings Corp. 0 1 -1 4
Lorillard, Inc. 12,158 0 1,180 2,900
Bots Inc 0 19 -4 14
Altria Group Inc 26,462 90,425 4,553 9,000
Philip Morris International Inc 79,751 158,525 9,449 82,500
Reynolds American Inc 8,236 71,679 1,718 5,300
UST Inc. 0 0 0 0
Vector Group Ltd 2,267 1,915 189 1,367
Vapor Corp. 0 0 0 122
Electronic Cigarettes International Group, Ltd. 0 0 0 275
22nd Century Group inc 30 480 -20 12,700
Home Bistro Inc 2 2 -2 8
Vapor Hub International Inc. 0 0 0 22
SUBTOTAL 128,911 323,050 17,060 114,239


       
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