Drew Estate, one of the largest, if not the largest cigar company in the U.S., has announced that it will increase prices next year.
Effective Jan. 2, 2024, the company’s new pricing will go into effect. In a letter sent to retailers, Drew Estate says the “weighted average” of the changes amounts to an increase of “approximately 4.5 percent portfolio-wide.” The company said its 2023 price increase amounted to roughly 4.5 percent.
“As was the case for 2023, the price actions we are taking for 2024 are a direct result of wide-ranging cost increases,” said David Lazarus, vp of sales, in a letter sent to retailers. “We have made every effort to navigate and mitigate all cost increases that we have incurred over the past eighteen months. After careful assessment and analysis, these cost pressures, along with continued labor challenges, have made these price changes unavoidable.”
While a select group of companies—notably Altadis U.S.A. and Davidoff of Geneva USA—announced price increases in Q3 and earlier in Q4, most cigar companies announce their price increases around the new year. Below is a list of companies that have announced whether they will have a price increase heading into 2024.
Company | Price Increase? |
---|---|
ADV & McKay Cigar Co. | Yes |
AGANORSA Leaf | Yes |
AJ Fernandez | Yes |
All Saints Cigars | Yes |
Altadis U.S.A. | Yes |
Arango | No |
Artesano del Tobacco | No |
ATL Cigar Co. | No |
Bellatto Premium Cigars | Yes |
Black Label Trading Co. | Yes |
Black Star Line Cigars | No |
Boveda | Yes |
Caldwell Cigar Co. | Yes |
Casa Caraballo | No |
Casa Cuevas | Yes |
Colibri | No |
Crowned Heads | No |
Dapper Cigar Co. | Yes |
Davidoff of Geneva | Yes |
Drew Estate | Yes |
E.P. Carrillo | Yes |
El Septimo | No |
Espinosa Premium Cigars | No |
Esteban Carreras | Yes |
Fosforo | Yes |
Freud Cigar Co. | No |
Habanos S.A. | Yes |
HVC | Yes |
Iconic Leaf | No |
Jake Wyatt Cigar Co. | No |
Kafie 1901 | No |
KBF | No |
Kristoff | No |
La Aurora | Yes |
Lampert Cigars | No |
Lost&Found | Yes |
Lotus/Vertigo | No |
My Father | No |
Ohana Nui | No |
Oliva | Yes |
Patina | Yes |
Perdomo | Yes |
Potter Cigars | No |
Powstanie | Yes |
Principle Cigars | No |
Rocky Patel | Yes |
RoMa Craft Tobac | Yes |
Santa Clara | No |
Sinistro | Yes |
Somm | No |
Southern Draw | Yes |
Stolen Throne | No |
Sutliff | No |
Tabanero Cigar Co. | No |
Tatuaje | No |
Vector-KGM | No |
Villiger Cigars North America | Yes |
Warfighter Cigar Co. | No |