Oral tobacco continues to make an increasingly important contribution to Altria’s numbers – a trend the firm expects to continue, it said as it reported its fourth-quarter and full-year results for 2023…
Financial results
-
-
Haypp Group, an online retailer of reduced-risk products, will look to expand into new categories and European markets following the success of a vaping pilot in the UK…
-
US-based 22nd Century will sell its hemp/cannabis subsidiary, GVB Biopharma, to an entity affiliated with current GVB employees and will use the sale proceeds to pay off debt and further deleverage its balance sheet…
-
KT&G reported record-high quarterly revenues for the third quarter of 2023, with a significant contribution from its next generation product (NGP) category, as part of its release on the quarter’s financial results…
-
Imperial Brands reported a performance in line with its five-year-plan expectations in the year ended 30th September 2023, with new product and market launches boosting its next-generation product (NGP) revenue…
-
22nd Century is already demonstrating its commitment to expand its intellectual property in the area of reduced-nicotine tobacco, which it said it would undertake during a presentation of its third quarter results…
-
US company 22nd Century has reported decreased revenues and modest sales of its VLN brand very-low-nicotine cigarette products in the third quarter of 2023, despite the continued expansion of its VLN rollout strategy…
-
Japan Tobacco International (JTI) enjoyed a solid performance in the third quarter of the year, partially related to its Ploom X heated tobacco product geographic expansion…
-
Altria saw a “resilient” performance over the course of the first nine months of 2023, the company said as it reported its results for the third quarter of the year…
-
Philip Morris International (PMI) has submitted premarket tobacco product applications (PMTAs) and modified risk tobacco product applications (MRTPAs) to the US FDA for its Iqos Iluma heated tobacco products (HTPs)…
-
Strong sales momentum behind PMI’s Zyn nicotine pouches in the US helped drive the company’s growth in the third quarter, with US sales volume up nearly 66% on the same quarter in 2022…
-
KT&G anticipates that alternative nicotine products will continue to make up greater proportions of its sales, the company said during a presentation of its second-quarter results…
-
22nd Century will focus on streamlining operating costs and making the marketing and sales push for its VLN cigarette products more cost efficient to address issues that have forced it to revise full-year profit guidance…
-
Japan Tobacco (JT) is to ramp up investment in its production of heated tobacco sticks over the second half of 2023 after reporting better than expected results for the first six months of the year…
-
Altria reported a solid performance in the first half of 2023 despite lower net revenues, partially offset by higher revenue in the oral tobacco segment…
-
British American Tobacco (BAT) has reported a continued positive performance of its vapour and modern oral segment but said it needs to do more work on its heated tobacco products…
-
US company 22nd Century will look to expand its international interests by launching trials in Switzerland and Japan as well as relaunching its low-nicotine conventional cigarette product in South Korea…
-
Japan Tobacco International (JTI) enjoyed a solid performance in the first three months of the year, boosted by a successful launch of its Ploom X heat-not-burn (HnB) device in Italy and Lithuania…
-
US tobacco giant Altria closed the first quarter of 2023 with a slight fall in its net revenues compared with the same period last year, while it recorded an increase in its adjusted diluted earnings per share (EPS)…
-
Philip Morris International will focus on heated tobacco and nicotine pouches as the alternatives that can help it meet its goal of becoming a majority smoke-free revenue company by 2025…
-
Expanding sales of next generation products into new markets has more than compensated Imperial Brands for the enforced loss of its Myblu e-cigarette from the US market…
