Forget Tobacco, Smokers Finally Have Alternatives and the Market is Exploding
Philip Morris International Inc (PM)
Last philip morris international inc earnings: 4/21 06:59 am
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pmi.com/investor-relations/overview
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Source: PR Newswire
NEW YORK, June 9, 2021 /PRNewswire/ -- The world loves to smoke. At the global level, the number of smokers continues to rise, propelled by the launch of new products including flavored tobacco products and alternative smoking methods like e-cigarettes and heat-not-burn products. With a market size of $932.11 billion in 2020 and an expected CAGR of 1.8% from 2021 to 2028, the tobacco industry is set to be a hotspot for deal making and expansion over the coming years. Driving that rise is a shift away from the traditional tobacco products to electronic cigarettes and other alternative smoking devices like heat-not-burn (HNB), which have continued to rise in popularity in recent years. Companies like PODA Lifestyle and Wellness Ltd. (CSE:PODA) (FSE: 99L), Philip Morris International Inc. (NYSE:PM), Altria Group, Inc. (NYSE:MO), RLX Technology (NYSE:RLX), and TAAT Global Alternatives (CSE:TAAT) (OTCQX:TOBAF) are leading the charge in bringing the massive tobacco market new ways to enjoy
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News
- Philip Morris (PM) International Revenue in Focus: Trends and Expectations [Yahoo! Finance]Yahoo! Finance
- Philip Morris Beats Estimates in Q1 Earnings: ETFs in Focus [Yahoo! Finance]Yahoo! Finance
- Company News for Apr 24, 2024 [Yahoo! Finance]Yahoo! Finance
- Philip Morris International Inc. (NYSE:PM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Philip Morris International Inc. (NYSE: PM) had its price target raised by analysts at Stifel Nicolaus from $108.00 to $115.00. They now have a "buy" rating on the stock.MarketBeat
PM
Earnings
- 4/23/24 - Beat
PM
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 144
- PM's page on the SEC website