Philip Morris International (PMI): Q3 2026 Results
Ahead of the Q3 2026 Earnings release Date: October 21, 2026 (Wednesday), before the bell Consensus: $11.32 billion revenue (+4.3% year-on-year); $2.30 EPS (+2.7% year-on-year) PMI FY26 Guidance: Net revenue growth of 5%-7% and adjusted diluted EPS growth of 10.7%-12.7%. For Q3 2026, the company expects EPS in the range of $2.29-$2.34 (midpoint:
Philip Morris International: News
October 2026: PMI Releases EU Economic Impact Report Highlighting €342B Contribution and Smoke-Free Shift Philip Morris International (PMI) published the second edition of its EU Economic Footprint Study, evaluating the corporate group’s socio-economic impact across the European Union between 2021 and 2025. The assessment was prepared using a Leontief input-output
Philip Morris International: Manufacturing
Three key trends force tobacco companies to continuously re-assess and optimize their manufacturing footprint: (1) Cost savings: Transferring labor intensive operations to lower-cost countries within a certain geography (2) Geographical re-balancing: Fast-declining cigarette volume in the Western markets vs. Stable (even, increasing) cigarette volume in the emerging markets (especially, in
Philip Morris International (PMI): Q2 2026 Results
Ahead of the Q2 2026 Earnings release Date: July 22, 2026 (Wednesday), before the bell Consensus: $10.6 billion revenue (+4.5% year-on-year); $2.03 EPS (+6.3% year-on-year) PMI FY26 Guidance: Net revenue growth of 5%-7% and adjusted diluted EPS growth of 10.2%-12.2%. For Q2 2026, the company expects EPS in the range of $1.97-$2.02 (midpoint:
Beyond Nicotine: Philip Morris International
May 2026: Godfrey Phillips India Enters 3-Year Distribution Agreement for NRT Products in Strategic Move Into Smokeless Category Godfrey Phillips India has entered a three-year distribution agreement with Aspeya India to market and distribute nicotine replacement therapy (NRT) products across India, using its established retail and distribution network. The partnership
Philip Morris International (PMI): Q1 2026 Results
Ahead of the Q1 2026 Earnings release Date: April 22, 2026 (Wednesday), before the bell Consensus: $9.88 billion revenue (+6.2% year-on-year); $1.83 EPS (+8.3% year-on-year) PMI FY26 Guidance: Net revenue growth of 5%-7% and adjusted diluted EPS growth of 11.1%-13.1%. For Q1 2026, the company expects EPS in the range of $1.80-$1.85 (midpoint:
British American Tobacco: Major Shareholders
November 2026: Capital Group Continues to Trim Its BAT Stake British American Tobacco (BAT)’s largest shareholder, Los Angeles-based Capital Group, with over $3 trillion in assets under management (AuM), continues to reduce its position following an earlier accumulation of approximately 128 million shares that had increased its voting stake from
BAT: Cannabis Ventures
Beyond their ongoing transformation toward next-generation nicotine products, major tobacco companies are increasingly exploring growth opportunities in adjacent business areas extending beyond tobacco and nicotine. These diversification initiatives, broadly referred to as “Beyond Nicotine,” are primarily concentrated in three areas: (1) cannabis; (2) wellness, well-being, and stimulation; and (3) healthcare,
BAT: Beyond Nicotine
Beyond their ongoing transformation toward next-generation nicotine products, major tobacco companies are increasingly exploring growth opportunities in adjacent business areas extending beyond tobacco and nicotine. These diversification initiatives, broadly referred to as “Beyond Nicotine,” are primarily concentrated in three areas: (1) cannabis; (2) wellness, well-being, and stimulation; and (3) healthcare,
British American Tobacco: News
September 2026: BAT Announces Horizon 2030 Strategy and Reaffirms 2026 Targets Ahead of its 2026 Capital Markets Day in Winston-Salem, North Carolina – the historic base of its Reynolds American business for over 150 years – British American Tobacco (BAT) announced its long-term Horizon 2030 corporate strategy. The company underlined
Credit Ratings: BAT
August 2026: S&P Global Assigns ‘BBB-‘ Rating to BAT’s Perpetual Subordinated Hybrid Instruments S&P Global Ratings has assigned a ‘BBB-‘ long-term issue rating to British American Tobacco PLC’s proposed multi-tranche perpetual subordinated fixed-to-reset rate hybrid securities. The rating covers the hybrid segment of BAT’s multi-part capital market offering, which also
BAT: H1 2026 Results
Ahead of H1 2026 Earnings Release Release date: July 30, 2026 (before the opening bell) Revenue: £12.19 billion (+1.0% reported, +3.0% at constant currency) Adj. Profit from Operations (APFO): £5.24 billion (+1.4% reported, +3.7% at constant currency) EPS: £1.585 (+1.9% reported, +4.6% at constant currency) Latest guidance: Lower end of
Altria: Q3 2026 Results
Ahead of the Q3 2026 Earnings release Date: October 29, 2026 (Thursday), Before Market Open Consensus Estimates: $5.31 billion Revenue (+1.1% yoy); $1.51 EPS (+4.1% yoy) Guidance: Altria’s FY26 guidance targets an EPS range of $5.61 to $5.72, representing 3.5% to 5.5% growth over 2025 Notes: Following four consecutive years of net revenue
Altria: News
October 2026: Altria Prepares for Q3 2026 Earnings as Shares Trade Near 52-Week Highs Above $75 Altria Group is scheduled to report its Q3 2026 financial results on Thursday, October 29, before the opening bell. Consensus estimates point to modest top-line growth and continued adjusted earnings expansion for the quarter,
Altria: Q2 2026 Results
Ahead of the Q2 2026 Earnings release Date: July 30, 2026 (Thursday), Before Market Open Consensus Estimates: $5.35 billion Revenue (+1.1% yoy); $1.50 EPS (+4.2% yoy) Guidance: Altria’s FY26 guidance targets an EPS range of $5.56 to $5.72, representing 2.5% to 5.5% growth over 2025 Notes: Following four consecutive years of net revenue
Altria: Manufacturing
May 2026: Altria to Consolidate Smokeless and Nicotine Pouch Manufacturing in Kentucky Altria Group subsidiary U.S. Smokeless Tobacco Company (USSTC) has announced plans to modernize its manufacturing footprint by transitioning operations from its longstanding Nashville, Tennessee plant to a new 270,000-square-foot facility to be built on an existing campus in
Altria: Q1 2026 Results
Ahead of the Q1 2026 Earnings release Date: April 30, 2026 (Thursday), Before Market Open Consensus Estimates: $4.58 billion Revenue (+1.3% yoy); $1.246 EPS (+1.3% yoy) Guidance: Altria’s FY26 guidance targets an EPS range of $5.56 to $5.72, representing 2.5% to 5.5% growth over 2025 Notes: Following four consecutive years of net revenue
Credit Ratings: Altria
February 2026: Fitch Upgrades Altria to BBB+ Fitch Ratings upgraded Altria’s Long-Term Issuer Default Rating (IDR) to “BBB+” from “BBB” and Short-Term IDR to “F1” from “F2”. Additionally, Fitch removed Altria’s ratings from Under Criteria Observation (UCO). Fitch previously placed Altria’s ratings on UCO following the publication of its “Corporate Rating
Imperial Brands: Major Shareholders
November 2026: Capital Group Increases Stake in Imperial Brands to 14% Los Angeles-based asset manager Capital Group has increased its holding in Imperial Brands by 7.1 million shares, lifting its total stake from 99.1 million shares (13.09%) to 106.2 million shares (14.07%). Capital Group remains the largest shareholder in both
Imperial Brands: FY26 Trading Update
Imperial Brands has confirmed in its pre-close trading update for FY26 (ended September 30, 2026) that it remains on track to deliver full-year guidance across all key operational and financial metrics. This performance continues to be supported by sustainable growth in traditional combustible tobacco, driven by robust pricing power, alongside
Imperial Brands: News
August 2026: Imperial Brands to Cut Thousands of Jobs in Major US and European Restructuring Imperial Brands is preparing to eliminate thousands of jobs across its operations in the United States and Europe, marking one of the company’s largest workforce reductions in recent years as it maneuvers to protect operating
Imperial Brands: H1 2026 Results
Ahead of the H1 2026 Earnings release Date: May 12, 2026 (Tuesday), before the bell Guidance – H1 2026: Low single-digit growth in tobacco & NGP net revenue in H1 2026, driven by robust pricing, low single-digit combustible volume decline and mid-to-high single-digit NGP net revenue growth. Adjusted operating profit to be
Imperial Brands: Trading Update – H1 2026
Headline: “FY26 guidance reiterated, but quality of the print looks weak” Imperial Brands: H1 2026 Trading Update – Key Points – Guidance reaffirmed: FY26 outlook unchanged, with low-single-digit tobacco growth, double-digit NGP growth, 3–5% EBIT growth, at least high-single-digit EPS growth, and more than £2.2 billion FCF – H1 broadly
Imperial Brands: Manufacturing
Three key trends force tobacco companies to continuously re-assess and optimize their manufacturing footprint: (1) Cost savings: Transferring labor intensive operations to lower-cost countries within a certain geography (2) Geographical re-balancing: Fast-declining cigarette volume in the Western markets vs. Stable (even, increasing) cigarette volume in the emerging markets (especially, in
Japan Tobacco: News
November 2026: Russia Justifies Temporary Control of Japan Tobacco’s Assets The Russian government has defended its decision to place Japan Tobacco (JT) Russian assets under temporary administration, describing the measure as a response to Japan’s economic sanctions against Russia following its invasion of Ukraine. Speaking at a press conference, the
Japan Tobacco: Q3 2026 Results
Earnings Forecasts Raised as Pricing and Ploom Growth Support Performance Japan Tobacco (JT) delivered another quarter of solid financial growth, supported by resilient combustible pricing, continued market share gains, and accelerating momentum in Heated Products (Ploom). For the first nine months of 2026, consolidated revenue increased 13.6% year over year,
Japan Tobacco: Manufacturing
Three key trends force tobacco companies to continuously re-assess and optimize their manufacturing footprint: (1) Cost savings: Transferring labor intensive operations to lower-cost countries within a certain geography (2) Geographical re-balancing: Fast-declining cigarette volume in the Western markets vs. Stable (even, increasing) cigarette volume in the emerging markets (especially, in
Japan Tobacco: Q2 2026 Results
Ahead of the Q2 2026 Earnings release Date: July 30, 2026 (Thursday), After Market Close Consensus Estimates: ¥986.2 billion Revenue (+8.7% yoy); ¥97.6 EPS (+6.6% yoy) Guidance: JT’s FY26 guidance targets +6.6% revenue (+3.6% core tobacco revenue at constant FX), +7.9% adjusted operating profit (+8.9% at constant FX) and +14.2% basic EPS growth
Beyond Nicotine: Japan Tobacco
July 2026: JT Expands Processed Food Operations and Business Development Pipeline Japan Tobacco (JT) is expanding its non-tobacco capabilities, positioning its processed food segment as a complementary growth driver alongside its core tobacco and reduced-risk product operations. JT’s processed food segment operates primarily through its subsidiary TableMark, alongside Fuji Foods
Japan Tobacco: Q1 2026 Results
Japan Tobacco reported a strong start to FY2026, with broad-based growth across the tobacco business, continued pricing power in combustibles, accelerating reduced-risk product (RRP) momentum, and substantial earnings leverage aided by favorable foreign exchange movements. Management maintained its full-year outlook and emphasized that investments behind Ploom AURA and broader RRP
ITC: Q2 FY27 Results
Executive Summary: Revenue Beats Consensus as Cigarette Earnings Recover Sequentially ITC Limited reported its Q2 FY27 financial results for the quarter ended September 30, 2026, revealing continued pressure on profitability from the unprecedented increase in cigarette taxation introduced in February 2026. However, the results also showed signs of sequential recovery
ITC: News
November 2026: Cigarette Tax Pressures Weigh on ITC Q2 Earnings Heading into the Q2 FY27 earnings announcement, ITC Ltd. shares trade at ₹265, near five-year lows. The stock is down 36% over the last 12 months and has nearly halved from its all-time high recorded in September 2024. Against this
ITC: Q1 FY27 Results
Executive Summary: Earnings Compression Driven by Cigarette Tax Adjustments ITC Limited’s Q1 FY2026/27 (Q1 FY27) financial results for the quarter ended June 30, 2026, present a narrative of dual operational realities. The company faced sharp profitability compression in its core Cigarettes business due to severe statutory tax hikes enacted earlier
ITC: FY26 Results
ITC Limited has demonstrated a resilient financial performance for the fourth quarter ended March 31, 2026 (Q4 FY26), and the full fiscal year (FY26). This performance was delivered against a backdrop of global logistical friction arising from the ongoing Iran conflict and a milestone restructuring of domestic cigarette taxation. On
ITC: Business Outlook
March 2026: ITC Faces Earnings Uncertainty as Tax Hikes and Margin Pressures Weigh on Outlook ITC Limited shares have declined to 30-month lows and are now trading below the ₹300 mark, roughly 40% below their all-time high near ₹500. The decline follows recent cigarette tax increases and concerns that price
ITC: Q3 2026 Results
Key Business Metrics: Q3 2026 – New reporting structure: Standalone (core businesses) vs. Consolidated (including ITC Infotech India Limited, Surya Nepal Private Limited and ITC Hotels Limited) – bei: before exceptional items – Gross Revenue up +7.1%, driven by double-digit revenue growth in FMCG and sustained momentum in cigarettes business
KT&G: News
November 2026: KT&G Unveils ₩5 Trillion Shareholder Return Plan and Global Expansion Strategy Through 2030 South Korean tobacco manufacturer KT&G has unveiled a ₩5 trillion shareholder return plan for 2027–2030, alongside a new long-term growth strategy focused on international cigarettes, Next-Generation Products (NGP), and health-functional foods. Announced during the company’s
KT&G: Q3 2026
Executive Summary KT&G delivered record quarterly revenue and operating profit in Q3 2026, driven by sustained international cigarette growth, improved tobacco profitability, and a strong performance in its health-functional food business. Consolidated revenue increased 4.3% YoY to ₩1.9052 trillion, slightly below consensus of ₩1.918 trillion, while operating profit rose 13.9%
KT&G: Manufacturing
Three key trends force tobacco companies to continuously re-assess and optimize their manufacturing footprint: (1) Cost savings: Transferring labor intensive operations to lower-cost countries within a certain geography (2) Geographical re-balancing: Fast-declining cigarette volume in the Western markets vs. Stable (even, increasing) cigarette volume in the emerging markets (especially, in
Credit Ratings: KT&G
August 2026: S&P Global Ratings Re-affirms KT&G’s Credit Rating at “A-” with Outlook Stable S&P Global Ratings has reaffirmed its A- long-term issuer credit rating for KT&G Corporation with a Stable outlook. The rating reflects KT&G’s dominant position in the South Korean domestic tobacco market, reliable cash flow, and strong
KT&G: Q2 2026
Executive Summary KT&G Corporation delivered a profit-led Q2 2026 beat, characterized by double-digit operating profit expansion that outpaced top-line growth across all core operating divisions. Consolidated revenue grew 9.9% YoY to ₩1.7016 trillion (consensus: ₩1.67 trillion), while operating profit surged 18.5% YoY to ₩414.5 billion. Net income jumped 152.3% YoY
KT&G: Portfolio Strategy
KT&G: Global Expansion and Portfolio Diversification Drive Structural Revenue Shifts KT&G’s operational model relies on two primary revenue pillars: the traditional combustible cigarette brand ‘ESSE’ and the Next Generation Product (NGP) heated tobacco platform ‘lil’. While ESSE establishes a mature, highly cash-generative foundation across domestic and international markets, the NGP
Scandinavian Tobacco: Q3 2026 Results
Strong Q3 Earnings and Cash Flow, Supported by Timing Effects and Duty Refunds; Full-Year Profit Guidance Raised Scandinavian Tobacco Group (STG) reported improved financial results for the third quarter of 2026, reflecting continued progress under its five-year strategic plan, Focus2030. Performance was highlighted by a recovery in machine-rolled cigar sales
Scandinavian Tobacco: News
Background Scandinavian Tobacco Group (STG) became a pure-play cigar & pipe tobacco manufacturer, following the acquisition of its cigarette & snus business (“House of Prince”) by BAT in 2008. With operations mainly in Europe & the USA, STG owns well-known brands like Macanudo, La Gloria Cubana, Panter, Signature, La Paz, Café Crème, Cohiba, Partagas
Scandinavian Tobacco: Q2 2026 Results
Focus2030 Advances with Category Stabilization, Portfolio Rationalization, and Reaffirmed Guidance Scandinavian Tobacco Group (STG) published its financial results for the second quarter of 2026, demonstrating continued execution under its five-year strategic plan, Focus2030. Performance for the quarter was highlighted by top-line stabilization across core tobacco categories, solid organic growth in
Scandinavian Tobacco: Q1 2026 Results
Focus2030 Execution Begins Amid Online Competition and FX Headwinds Scandinavian Tobacco Group (STG) has released its financial results for the first quarter of 2026, marking the official operational kickoff of its new five-year strategy, Focus2030. While Q1 is traditionally the group’s weakest seasonal quarter due to inventory build-up, STG demonstrated
Scandinavian Tobacco: FY25 Results
Scandinavian Tobacco Group Reports Weaker 2025 Results Amid Market Headwinds and Strategic Transition Scandinavian Tobacco Group (STG) reported weaker financial results for Q4 2025 and FY25, reflecting a combination of currency headwinds, weaker consumer sentiment in the United States, operational disruptions related to the rollout of a global ERP system,
Scandinavian Tobacco: Dividend
March 2026: Scandinavian Tobacco Group Reduces Annual Dividend to kr.4.50 Scandinavian Tobacco Group proposes an ordinary dividend of kr.4.50 per share for 2026, corresponding to a 42% payout ratio. Compared with the kr.8.50 dividend paid in 2025, this represents a 47% reduction and the lowest dividend since the company’s IPO.
Haypp Group: Q3 2026 Results
Record Revenue and Gross Profit, but Profitability Remains Under Pressure Haypp Group delivered another quarter of strong top-line growth in Q3 2026, setting new records for revenue, gross profit, and gross margin, supported by sustained nicotine pouch expansion across its Core and Growth Markets. Net sales increased 28.2% year-over-year to
Haypp Group: News
November 2026: Haypp Group Sets Aside $2.5M for U.S. Subsidiary Settlement Haypp Group has announced a financial provision of US$2.5 million to cover a potential settlement concerning alleged local regulatory violations by its U.S. subsidiary, Northerner Scandinavia. The Swedish nicotine retailer stated it is engaged in confidential, constructive discussions with
Haypp Group: Q2 2026 Results
Q2 2026: Record Net Sales & Peak Gross Margin During the second quarter of 2026, Haypp Group achieved its highest organic volume and sales growth since its 2021 initial public offering. Total net sales reached an all-time high post-IPO level of SEK 1,177 million (consensus: SEK 1.16 billion), marking a
Haypp Group: Q1 2026 Results
Haypp Group Q1 2026: Strong Nicotine Pouch Growth Drives Record Sales as Investments Pressure Margins Haypp Group reported a strong start to 2026, with Q1 net sales increasing 20% year-on-year to a record SEK 1.10bn, corresponding to 24% growth in constant currency terms. Growth was primarily driven by continued strength
Haypp Group: FY25 Results
– Net sales: up +15% to kr.1,052.2 million (+19% cc) in Q4 2025 and up 5% kr.3,848.9 million (+7% cc) in FY25. First-time above kr.1 billion in quarterly net sales [cc: in constant currency] – Gross margin: up +0.3pp to 17.4% in Q4 2025 and up +3.5pp to 18.5% in
Haypp Group: Results – 2025
November 5, 2025: Q3 2025 Results1 LFL (like-for-like) adjustment: excluding the impact of the ZYN shortage, discontinuation of tobacco sales and state closures in the US – Net sales: up +15% kr.952.1 million in Q3 2025 (reported: +0.8%; in constant FX: +3%) – Drivers of net sales growth (+15%): nicotine
AIR Global: Q3 2026 Results
AIR Global Q3 2026 Results: Strong Shipment Recovery Drives Double-Digit Revenue Growth, but Margin and Cash Flow Pressures Persist AIR Global (NASDAQ: AIIR) reported a strong recovery in its third-quarter 2026 financial performance, supported by improving shipment activity following the significant supply-chain disruptions experienced during the first half of the
Ispire Technology: News
November 2026: Ispire Technology Reports First Quarter Fiscal Year 2027 Results Ispire Technology reported its financial results for the first quarter of fiscal 2027, ended September 30, 2026, highlighting continued sequential improvements in profitability despite weaker year-over-year revenue. Revenue reached $27.5 million, declining 9.3% from $30.4 million in Q1 FY26,
Turning Point Brands (TPB): Q3 2026 Results
Executive Summary Turning Point Brands reported its financial results for the third quarter ended September 30, 2026, demonstrating strong top-line expansion fueled by triple-digit growth in its Modern Oral segment (FRE and ALP). Total consolidated net sales increased 27.0% year-over-year to $151.1 million. David Glazek, serving his first quarter as
AIR: Advanced Inhalation Rituals
November 2026: AIR Global Submits PMTA to U.S. FDA for Crown Switch Vape Platform AIR Global PLC has officially submitted a Premarket Tobacco Product Application (PMTA) to the U.S. Food and Drug Administration (FDA) for its Crown Switch rechargeable, pod-based vaping platform. The regulatory filing includes an extensive dossier comprising
Universal Corporation: News
November 2026: Universal Q2 Revenue Falls 18% and Earnings Decline 63% Universal Corporation, one of the world’s leading leaf tobacco merchants, reported disappointing Q2 2027 results, missing market consensus estimates on both revenue and earnings as delayed tobacco shipments and continued weakness in its Ingredients Operations weighed on financial performance.
22nd Century Group: News
October 2026: 22nd Century Group Expands Pinnacle Pure Cigarette Lineup with New Varieties 22nd Century Group announced the addition of 100’s size and Menthol (green) varieties to its Pinnacle Pure cigarette lineup, expanding the brand to six total variants alongside its existing Yellow and Blue options in King Size. Pinnacle
