Tag: Tobacco and Vaping

Philip Morris International opens new tab raised its annual adjusted profit forecast on Tuesday, owing to steady demand for its Zyn nicotine pouches and higher prices of its cigarettes.

British American Tobacco kept its 2024 outlook unchanged but forecast a softer first-half performance as it continues to cope with macroeconomic pressures in its key U.S. market.

 Philip Morris International on Tuesday surpassed market expectations for first-quarter profit and revenue, helped by robust demand for its heated tobacco product and Zyn nicotine pouches.

Shares of Altria Group were rising after the maker of Marlboro cigarettes topped quarterly sales estimates and said it would be buying back $1 billion of stock.

LONDON, Dec 6 (Reuters) – British American Tobacco said it would take a hit of around $31.5 billion as it writes down the value of some U.S. cigarette brands, acknowledging on Wednesday that its traditional market has no long term future.

Altria posted third-quarter net revenue of $6.28 billion. JUSTIN SULLIVAN/GETTY IMAGES
Altria Group
MO 0.66% shares were falling after the maker of Marlboro cigarettes narrowed guidance for the year.

Philip Morris International-0.19%shares were falling after it missed on revenue in its latest earnings report.

Tilray Brands Inc. stock rose 2.7% in premarket trades on Wednesday after it reported a wider-than-expected loss and beat its revenue target as the cannabis company maintained its leading position in Canada and diversified into beer in its fiscal first quarter.

LONDON, Sept 28 (Reuters) – Philip Morris International (PMI) (PM.N) said on Thursday it plans to launch its flagship heated tobacco device IQOS in two U.S. states in 2024, as the world’s top tobacco company by market value doubles down on its shift away from cigarettes.

A new bill aimed at establishing a safe harbor for financial institutions serving legal marijuana businesses is expected to advance to the Senate floor Wednesday.

Philip Morris International Inc. PM, said Wednesday its board has increased its quarterly dividend by 2.4% to $1.30 a share from $1.27 previously.

Με τις νέες επενδύσεις για την αύξηση της παραγωγικής της δυναμικότητας σε πλήρη εξέλιξη, η καπνοβιομηχανία Παπαστράτος κατάφερε πέρυσι αύξηση τζίρου κατά 40%.

Philip Morris International posted higher-than-expected earnings for the quarter but its outlook for the year fell slightly short of projections.

Canopy has struggled to make money and issued a going-concern warning last month.

Αύξηση κύκλου εργασιών και λειτουργικών επιδόσεων σημείωσε κατά το πρώτο φετινό τρίμηνο η καπνοβιομηχανία Καρέλιας, καθώς:Ο κύκλος εργασιών ανέβηκε από τα 280,9 στα 292,97 εκατ. ευρώ.Τα κέρδη προ φόρων και τόκων (ΕΒΙΤ) διογκώθηκαν από τα 25,98 στα 26,25 εκατ. ευρώ.

British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years.

Altria Group Inc said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic through its former investment in e-cigarette maker Juul Labs Inc.