Effective February 1, 2023, Espinosa Premium Cigars will be raising prices across the majority of its portfolio by 5%.
This is the first time in over three years that Espinosa Premium Cigars has had to raise prices. The company says that since the pandemic the cost of making cigars, ancillary processes, and conducting business in Nicaragua have risen drastically.
Espinosa Cigars says the minimal price increase was the only way to allay rising operating expenses, tobacco, and a precipitous increase of tariffs, fees, and taxes within Nicaragua.
“Espinosa Premium Cigars has always prided itself on providing our consumers and retailers with excellent cigars at affordable pricing and will continue to do so.,” said the company in a press release announcing the price increase.