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Stock impact report

Philip Morris International Just Reported Zyn-tastic Q1 Results. Can Zyn Propel the Stock Higher? [Yahoo! Finance]

Philip Morris International Inc (PM) 
Last philip morris international inc earnings: 4/21 06:59 am Check Earnings Report
US:NYSE Investor Relations: pmi.com/investor-relations/overview
Company Research Source: Yahoo! Finance
However, Philip Morris International (NYSE: PM) offers investors an attractive dividend yield and one of the biggest underappreciated growth stories for consumer products. Phillip Morris International just posted another terrific quarter and raised its guidance when it reported its first-quarter earnings results. These results were once again led by Zyn, which saw its volume surge nearly 80% year over year in the U.S. to 131.6 million cans. Overall, Phillip Morris saw its revenue increase 11% on an organic basis to $8.8 billion and organic operating profit climb 22% to $3.0 billion. What is Zyn? Zyn is a nicotine pouch product that Philip Morris acquired as part of its acquisition of Swedish Match at the end of 2022. The product is made of nicotine powder and flavorings such as mint or cinnamon and does not contain any tobacco. Since the product does not contain tobacco, users don't have to spit like they do with traditional chewing tobacco. While the product is being sold in Show less Read more
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