While it’s common for most cigar companies to announce price increases at the beginning of the year, it’s relatively uncommon for Drew Estate, a company that historically makes the price increases mid-year. That said, on Feb. 1, the company will be increasing prices across its portfolio.

The average increase is described as “just under 4.5 percent” according to the company.

“These price actions are a direct result of significant inflation drive, wide-ranging cost increases which include but are not limited to, tobacco, packaging, and labor,” said David Lazarus, the company’s svp of sales, in a letter to retailers. “The primary purpose of these price actions is meant to mitigate a portion of the higher costs noted above. In addition, we took this opportunity to continue our pursuit of price integrity so that pricing across the Drew Estate portfolio is seamless and sensible, from a consumer perspective across types, sizes, and configurations.”

It is widely expected that most cigar companies will be increasing prices in or around early 2023, most of which are likely to be announced in the first quarter of the year as that is when most companies traditionally make these announcements. Reasons for these increases include increased costs for tobacco and packaging, increased competition for labor, general inflation, and mirroring competitors’ price adjustments.

The following chart looks at what companies have announced price increases or no price increases for 2023.

CompanyPrice Increase?
AJ FernandezNo
Alec BradleyYes
All Saints CigarsYes
BattlegroundNo
Bocock BrothersYes
CLEYes
D'CrossierNo
DavidoffYes
Drew EstateYes
E.P. CarrilloYes
EpicNo
Espinosa Premium CigarsYes
FableNo
FavilliNo
Ferio TegoNo
Foundation Cigar Co.No
GaroNo
Habanos S.A.Yes
Howard G Cigars No
Iconic LeafYes
IllusioneNo
J.C. NewmanYes
Karen BergerNo
La Flor DominicanaNo
La SirenaNo
Lotus/VertigoNo
Miami Cigar & Co.No
My Father CigarsNo
Oscar Valladares Tobacco & Co.Yes
Oveja Negra BrandsNo
PDR CigarsNo
PerdomoYes
Platinum NovaNo
Quality Importers Trading Co.No
Rocky PatelYes
Rojas CigarsYes
Southern DrawNo
Vintage Rock-A-FellerNo
Overall Score

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Charlie Minato

I am an editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of halfwheel. I handle the editing of our written content, the majority of the technical aspects of the site and work with the rest of our staff on content management, business development and more. I’ve lived in most corners of the country and now entering my second stint in Dallas, Texas. I enjoy boxing, headphones, the Le Mans 24-hour, wearing sweatshirts year-round and gyros. echte liebe.