beverly hills tobacco ban banning sale of most products by 2021 Beverly Hills smoking ban: Proposed

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In addition, the non-GAAP measures of adjusted gross profit, adjusted gross margin, adjusted profit from operations, adjusted operating margin, New Categories contribution, New Categories contribution margin, adjusted net finance costs, adjusted taxation and adjusted diluted earnings per share, are presented with the additional adjustment to reflect the settlement of the Canadian litigation, and are referred to as "as adjusted for Canada" (as discussed above)

According to the company's full-year earnings release, "New Categories achieved profitability in 2023 (at a category contribution level), two years ahead of original target." That's important because it means the up-and-coming division isn't a massive drag on the results of the overall company

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