Sep. 12, 2015, 10:27 AM
- There's a different approach to electronic cigarettes developing in the U.S. and U.K.
- Health advocates in the U.S. continue to raise concerns on the impact on teenagers, including a damaging article in JAMA Pediatrics, and politicians are eyeing taxing the product. No great surprise, but Chicago and New York are out in front of the e-cig tax movement.
- U.S. sales have been held back a bit by efforts to demonize the product, according to some company officials.
- The reception in the U.K. to the burgeoning e-cig industry has been warmer. A government health body determined last month that e-cigarettes could be prescribed by doctors in the nation as an effective way to help smokers break their addiction.
- A study by the same group estimated e-cigs are 95% less harmful than traditional cigarettes and found no evidence the product acts as a gateway to smoking for children or non-smokers. That last part was also backed up in a concise breakdown by FiveThirtyEight.com.
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Sep. 8, 2015, 7:54 AM
- Philip Morris International (NYSE:PM) CEO Andre Calantzopoulus says a goal of the company is for "reduced-risk" products to overtake traditional combustible cigarettes.
- The tobacco giant has started clinical trials on its iQOS smokeless product, although it's uncertain when regulators will weigh in.
Jul. 16, 2015, 8:42 AM
- Philip Morris (NYSE:PM) reports cigarette volume fell 1.4% to 219.8B units, led by a 3.5% drop in demand in Europe.
- The company says it expects full-year EPS to be near the top end of its guidance for 9% to 11% growth off some momentum it sees for the cigarette business.
- PM on capital allocation: "We are committed to returning around 100% of our free cash flow to shareholders."
- Previously: Philip Morris beats by $0.08, beats on revenue
- PM +2.32% premarket to $84.59.
Jul. 16, 2015, 7:08 AM
- Philip Morris (NYSE:PM): Q2 EPS of $1.21 beats by $0.08.
- Revenue of $6.86B (-12.1% Y/Y) beats by $130M.
- Shares +1.7% PM.
Jul. 15, 2015, 5:30 PM
Jul. 6, 2015, 4:33 AM
- Philip Morris (NYSE:PM) plans to sell over $1B worth of shares in its Indonesian operation, PT HM Sampoerna, in what would be one of the year's biggest share sales in Southeast Asia, WSJ reports.
- The sale would allow the firm to comply with a pending stock-exchange rule requiring all Indonesia-listed companies to have a minimum free float of 7.5%.
Jun. 16, 2015, 7:06 AM
- A report published in the latest issue JAMA Internal Medicine concludes smoking may account for a wider range of health problems than previously identified.
- The study linked cancers in other parts of the body to smoking, including colon and bladder cancer.
- Researchers noted the percentage of smokers in the U.S. decreased to 18.1% in 2012 from 23.2% in 200.
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- Full JAMA Internal Medicine report
Jun. 11, 2015, 6:05 AM
- Philip Morris (NYSE:PM) declares $1.00/share quarterly dividend, in line with previous.
- Forward yield 4.86%
- Payable July 10; for shareholders of record June 25; ex-div June 23.
Jun. 2, 2015, 9:04 AM
- A court in Canada orders tobacco companies to pay $12.5B in damages to smokers in Quebec.
- Local units of British American Tobacco (BTI, OTCPK:BTAFF), Philip Morris (NYSE:PM), and Japan Tobacco (OTCPK:JAPAF, OTCPK:JAPAY) have 60 days to come up with the first payment unless they appeal the ruling.
- Legal experts say big tobacco may have a tougher time in Canada than the U.S. overturning large class-action rulings.
May 22, 2015, 7:11 PM
- Philip Morris International (NYSE:PM) and British American Tobacco (NYSEMKT:BTI) are suing the British government over new rules starting next May that would require cigarettes to be sold in plain packages.
- The tobacco industry is alarmed over a growing international move toward laws mandating that colorfully branded cigarette boxes be replaced with drab, uniform packages displaying prominent health warnings.
- Separately, a U.S. appeals court today issued a split ruling on what kinds of statements tobacco companies must make in product warnings after a judge found them in violation of federal law nearly a decade ago.
- Defendants included Altria (NYSE:MO), Reynolds American (NYSE:RAI) and Lorillard (NYSE:LO), which have battled with the Justice Department and public health advocates over the exact wording of the warning statements; today's ruling could further delay the date when any such warnings appear in public.
May 22, 2015, 7:02 AM
- Philip Morris (NYSE:PM) files a lawsuit against the English High Court to challenge a new cigarette packaging law that bans trademarks and logos.
- The company's legal filing maintains the packaging rules violate EU and English law.
May 8, 2015, 7:40 AM| May 8, 2015, 7:40 AM | 24 Comments
May 6, 2015, 9:10 AM
- Philip Morris International (NYSE:PM) reaffirms its previous 2015 EPS guidance of $4.32-$4.42 at its annual shareholder meeting.
- The company expects free cash flow this year to be roughly in-line with last year's level.
- Shareholders are voting on board nominees and executive compensation at today's meeting.
- SEC Form 8-K
- PM +0.8% premarket.
Apr. 17, 2015, 8:27 AM
- E-cigarettes are catching on with teenagers, according to a new data read.
- While usage of traditional cigarettes by high school students has declined, e-cigarette demand has increased significantly.
- 13% of all high school students used e-cigs last year to top the rate they used traditional cigarettes for the first time.
- The FDA is still working out how it will treat the e-cigarette category.
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Apr. 16, 2015, 12:40 PM
- Philip Morris ((NYSE:PM) +7.7%) rallies after smashing earnings and raising guidance above estimates and its prior view.
- The tobacco company also surprised on the volume side with gains in its Europe Union and Eastern Europe/Middle East/Africa regions.
- Despite some F/X hits, Philip Morris was able to exert some pricing pressure during the quarter to help boost results, note analysts.
- Shares of Philip Morris are at their highest level since mid-January.
- Previously: Philip Morris beats by $0.15, beats on revenue
- Previously: More on Philip Morris' Q1
Apr. 16, 2015, 9:12 AM
Philip Morris International, Inc. is a holding company, which is engaged in the manufacturing and sale of cigarettes and other tobacco products in markets outside the U.S. Its local cigarette brands include Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the... More
Sector: Consumer Goods
Country: United States
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