Sep 07, 2023 / 11:30AM GMT
Gaurav Jain - Barclays Bank PLC, Research Division - Research Analyst
Good morning, everyone. Thank you for being here. I'm Gaurav Jain, Barclay's Global Tobacco and Cannabis analyst as well as the Head of EU Small and Mid-cap. With me here is Kim Reed, President and CEO, Imperial U.S.; and Peter Durman, Director of Investor Relations at Imperial Brands. Thank you so much for being here.
Peter Durman - Imperial Brands PLC - IR Director
Thank you.
Kim Reed - Imperial Brands PLC - President & CEO of Americas Region
Thank you for having us.
Questions and Answers:
Gaurav Jain - Barclays Bank PLC, Research Division - Research AnalystSo we will have a set of questions from me and then, then we will open it up for Q&A. So Kim, let's just focus on the U.S. business to begin with. A key topic in the sector is consistent decline in U.S. volumes, minus 9% year-to-date, that's on a comp, which was last year also minus 9%. And I think a lot of people thought that because