Philip Morris' Ambitious Plans for Heated Tobacco Gains Traction Among Analysts and Investors [Yahoo! Finance]
Philip Morris International Inc (PM)
Last philip morris international inc earnings: 4/21 06:59 am
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Source: Yahoo! Finance
believe the company's goals are within reach despite skepticism from rivals entrenched in the vaping market. As Philip Morris gears up to introduce its flagship heated tobacco device, IQOS, in the U.S. in the second quarter, it aims to carve out a significant market share in a country dominated by vaping products. Also Read: Tobacco Use Falls To 1 In 5 Adults Globally: Why WHO Says ‘There Is No Time For Complacency' IQOS, already a top seller globally in the heated tobacco category, holds a pivotal role in Philip Morris' strategy to transition from traditional cigarette manufacturing to promoting healthier alternatives. The company is betting big on the potential of IQOS to resonate with American smokers, Reuters noted, even in a market where heated tobacco is currently negligible compared to other nicotine alternatives. Philip Morris' ambition is clear: it aims to capture 10% of the total U.S. cigarette and heated tobacco market within approximately five years of launching
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News
- Zyn Shortage? Nicotine Pouches Out of Stock in Several US States [BNN Bloomberg (Canada)]BNN Bloomberg
- 3 Tobacco Stocks Worth Watching Amid Industry Challenges [Yahoo! Finance]Yahoo! Finance
- e-Cigarettes Market Opportunities and Strategies to 2033: A $66.5 Billion Opportunity Dominated by Philip Morris Int'l, Altria Group, JUUL Labs, British American Tobacco, Japan Tobacco [Yahoo! Finance]Yahoo! Finance
- Step aside, Ozempic — Zyn is the new (delusional) weight-loss quick fix [Business Insider]Business Insider
- CEOs must navigate an upside-down world, where tariffs are rampant and tobacco companies are palatable again [Yahoo! Finance]Yahoo! Finance
PM
Earnings
- 4/23/24 - Beat
PM
Sec Filings
- 5/15/24 - Form SD
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- PM's page on the SEC website