Please ensure Javascript is enabled for purposes of website accessibility

PBS and NPR Mount Last-Ditch Fight to Save Federal Funding

15 hours ago

Netanyahu Under Mounting Political Pressure After Party Quits

16 hours ago

Wall Street Opens Higher After Inflation, Bank Results

16 hours ago

Sick of Loud Ads on Netflix? A Proposed California Law Turns Down the Volume

1 day ago

Record Numbers of Americans Say Immigration Is Good for Country: Gallup Poll

2 days ago

In California Strawberry Fields, Immigration Raids Sow Fear

2 days ago

Newsom’s Office Attacks Stephen Miller, Calling Him a ‘Fascist Cuck’

2 days ago

Trump’s Spending Bill Will Likely Boost Costs for Insurers, Shrink Medicaid Coverage

2 days ago
Marlboro Maker Philip Morris Lifts Profit Forecast on ZYN Demand
Reuters logo
By Reuters
Published 3 months ago on
April 23, 2025

Philip Morris International raised its annual profit forecast after strong first-quarter results, driven by surging U.S. demand for its nicotine pouch ZYN and continued growth in smoke-free products like IQOS. (Shutterstock)

Share

Getting your Trinity Audio player ready...

(Reuters) – Philip Morris International hiked its annual profit forecast on Wednesday, delivering early on investor hopes for outlook raises throughout 2025, thanks to the performance of newer products, including the nicotine pouch brand ZYN.

Investors have cheered the Marlboro maker’s performance in recent quarters, as it has beaten forecasts and raised its outlook amid growth in newer products like ZYN and rising cigarette prices.

Shares of the company, which are up about 36% so far this year, rose more than 4.5% and remained 2.4% higher at 1705 GMT.

ZYN Has Surging Popularity

ZYN’s surging popularity quickly rebounded after supply issues constrained sales last year, driven particularly by U.S. consumers seeking smoking alternatives.

Its quarterly ZYN shipment volume in the U.S. grew 53%, compared to a year earlier. It was up 42% in the fourth quarter.

Its flagship alternative product, heated tobacco device IQOS, also saw continued strength due to growth in regions like Europe and Japan. It launched on a limited scale in Texas earlier this year for $60 per device.

The company has been investing heavily in its portfolio of smoking alternatives with the aim of generating half of its sales from smoke-free products by the end of 2025.

The impact of U.S. tariffs on PMI’s business is, as things stand, “completely minimal”, CEO Jacek Olczak told Reuters.

ZYN, PMI’s most widely sold product in the U.S., is produced there but some components are imported, Olczak said, adding changes can be made to the supply chain if necessary.

Olczak said he did not expect staff cuts at the U.S. Food and Drug Administration (FDA), which authorises nicotine products for sale in the United States, to impact the timing of an application to sell a later version of the IQOS device.

Philip Morris expects adjusted annual profit in the range of $7.36 to $7.49 per share, compared with its prior forecast between $7.04 and $7.17.

Its first-quarter revenue and adjusted profit both beat analyst forecasts, according to LSEG data.

(Reporting by Anuja Bharat Mistry in Bengaluru and Emma Rumney in London; Editing by Vijay Kishore, Kirsten Donovan)

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

So Your Doctor Is a DO. Does That Matter?

DON'T MISS

Fresno Man Found Dead After Hike Near Courtright Reservoir

DON'T MISS

Former US Army Soldier Pleads Guilty in Phone Company Hacking, Extortion Case

DON'T MISS

Fresno City Attorney Briefly Ineligible to Practice Law, Cites State Bar Error

DON'T MISS

Grass Fire East of Sanger Contained at 21 Acres, CalFire Says

DON'T MISS

Age Is Just a Number: 80-Year-Old Conquers Death Valley to Mt. Whitney Ultramarathon

DON'T MISS

What to Know About the Epstein Files, a Perfect Recipe for Conspiracy Theories

DON'T MISS

US Military to Remove 2,000 National Guard Troops From Los Angeles

DON'T MISS

Mexico Pledges Action Should US Talks Fail by August Tariff Deadline

DON'T MISS

Fresno Police Arrest Armed Man Found Asleep in Car

UP NEXT

Fresno Man Found Dead After Hike Near Courtright Reservoir

UP NEXT

Former US Army Soldier Pleads Guilty in Phone Company Hacking, Extortion Case

UP NEXT

Fresno City Attorney Briefly Ineligible to Practice Law, Cites State Bar Error

UP NEXT

Grass Fire East of Sanger Contained at 21 Acres, CalFire Says

UP NEXT

Age Is Just a Number: 80-Year-Old Conquers Death Valley to Mt. Whitney Ultramarathon

UP NEXT

What to Know About the Epstein Files, a Perfect Recipe for Conspiracy Theories

UP NEXT

US Military to Remove 2,000 National Guard Troops From Los Angeles

UP NEXT

Mexico Pledges Action Should US Talks Fail by August Tariff Deadline

UP NEXT

Fresno Police Arrest Armed Man Found Asleep in Car

UP NEXT

Trump Says Democratic Rival Schiff Should Be ‘Brought to Justice’ for Alleged Fraud

Fresno City Attorney Briefly Ineligible to Practice Law, Cites State Bar Error

7 hours ago

Grass Fire East of Sanger Contained at 21 Acres, CalFire Says

8 hours ago

Age Is Just a Number: 80-Year-Old Conquers Death Valley to Mt. Whitney Ultramarathon

8 hours ago

What to Know About the Epstein Files, a Perfect Recipe for Conspiracy Theories

8 hours ago

US Military to Remove 2,000 National Guard Troops From Los Angeles

8 hours ago

Mexico Pledges Action Should US Talks Fail by August Tariff Deadline

8 hours ago

Fresno Police Arrest Armed Man Found Asleep in Car

8 hours ago

Trump Says Democratic Rival Schiff Should Be ‘Brought to Justice’ for Alleged Fraud

9 hours ago

Madera County Authorities Seeks Help Finding Missing Bass Lake Man

10 hours ago

Crypto Bills Hit Procedural Snag in Congress

10 hours ago

So Your Doctor Is a DO. Does That Matter?

By most measures, osteopathic medicine is a profession in its prime. The number of doctors of osteopathic medicine, or DOs, has grown 70% in...

6 hours ago

The number of osteopathic doctors has increased dramatically. People still don’t know what they are. (Sonia Pulido/The New York Times)
6 hours ago

So Your Doctor Is a DO. Does That Matter?

7 hours ago

Fresno Man Found Dead After Hike Near Courtright Reservoir

A hooded man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. (Reuters File)
7 hours ago

Former US Army Soldier Pleads Guilty in Phone Company Hacking, Extortion Case

7 hours ago

Fresno City Attorney Briefly Ineligible to Practice Law, Cites State Bar Error

A grass fire east of Sanger burned 21 acres Tuesday, July 15, 2025, afternoon before being contained, CalFire said. (CalFire)
8 hours ago

Grass Fire East of Sanger Contained at 21 Acres, CalFire Says

8 hours ago

Age Is Just a Number: 80-Year-Old Conquers Death Valley to Mt. Whitney Ultramarathon

Jack Posobiec, a far-right political activist, carries a binder labeled “The Epstein Files: Phase 1” as he exits the White House in Washington, Feb. 27, 2025. Here’s what to know about the disturbing facts and unsubstantiated suspicions that make Jeffrey Epstein, a registered sex offender, a politically potent obsession. (Haiyun Jiang/The New York Times)
8 hours ago

What to Know About the Epstein Files, a Perfect Recipe for Conspiracy Theories

A demonstrator raises his hand holding flowers as members of the National Guard stand in formation outside a federal building during the No Kings protest against U.S. President Donald Trump's policies, in Los Angeles, California, U.S., June 14, 2025. (Reuters File)
8 hours ago

US Military to Remove 2,000 National Guard Troops From Los Angeles

Help continue the work that gets you the news that matters most.

Search

Send this to a friend