News
Philip Morris Revenue Misses Estimates, Sees Decline in Cigarette Volumes -- Update
Philip Morris also said it was disappointed to observe the lack of a plan to counter the threat of illicit trade in the European Union, which accounted for 9.2% of total cigarette consumption for the company last year, with governments losing more than EUR14 billion in tax revenue.
Philip Morris shares fall sharply as tobacco giant misses second quarter revenue mark
Marlboro maker Philip Morris International Inc ( PM-N -6.84% ) missed second-quarter revenue expectations on Tuesday as shipments of its ZYN nicotine pouches disappointed. Shares in the world’s largest tobacco company by market capitalization dropped about seven per cent in New York trade even as the company raised its full-year profit guidance.
To illustrate, Philip Morris' shipment of cigarettes fell 7.6% in the first three quarters of 2017. That's on top of a 4.1% and 1% decrease in 2016 and 2015, respectively.
Philip Morris International currently has 150 million consumers of its tobacco brands—which includes Marlboro—worldwide and employs over 400 scientists, engineers, and technicians working on ...
Here in the US, where smoking leads to more than 480,000 premature deaths annually, Marlboro, IQOS and other tobacco brands associated with the Philip Morris name are marketed and sold by ...
Regulators from the Food and Drug Administration on Wednesday will consider a potentially safer alternative to cigarettes. Philip Morris International, the maker of Marlboro and other top ...
Henrico County-based Philip Morris, for instance, is selling three-quarter-ounce pouches of L&M brand roll-your-own tobacco, enough to make a bit more than 20 cigarettes, for $4 in Maine and ...
Philip Morris International generated $28.7 billion in revenue net of excise taxes last year, but over 76%, or some $21.9 billion, came from combustible cigarettes. Only $6.8 billion came from ...
(CBS/AP) "We won't be deterred by tobacco companies making threats or taking legal action." That's what Australia's health minister Nicola Roxon said in response to a lawsuit Philip Morris ...
The maker of Marlboro and other cigarette brands has a new mission: getting the world’s 1 billion smokers to quit smoking. You read that right. Philip Morris International is trying to ...
Philip Morris owns e-cigarette and heated tobacco brands including IQOS, Vivid and Nicocig. Philip Morris Limited launches Hold My Light, a campaign to help smokers give up cigarettes ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback