China's state-owned tobacco behemoth is booming, defying global trends and anti-smoking efforts [MSNBC.com]
Philip Morris International Inc (PM)
Last philip morris international inc earnings: 4/21 06:59 am
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Source: MSNBC.com
Photo of cigarettes sold in Shanghai on March 7, 2022.Cfoto | Future Publishing | Getty ImagesChina is buckingglobal smoking trends"the biggest tobacco company most people have never heard ofThe China National Tobacco Corporation, commonly known as China Tobacco, has a near monopoly onChina's tobacco product sales cigarette sales in China have been growing for the past 4 years, reaching 2.44 trillion sticks in 2023, data from Euromonitor showed. The research group forecasts that sales will continue to increase annually, hitting 2.48 trillion by 2028Euromonitor added that growth has coincided with the increasing popularity of "slim" cigarettes, often advertised as "low-tar," and various types of flavored cigarettes.These trends — fueled by China Tobacco — come against the backdrop of a long-term decline in cigarette sales globally. Between 2019 and 2023, annual worldwide sales of cigarette sticks fell by about 2.7% to 5.18 trillion, according to Euromonitor dataAt more than 300 million
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Earnings
- 10/22/24 - Beat
PM
Sec Filings
- 11/21/24 - Form 8-K
- 11/12/24 - Form 25-NSE
- 11/8/24 - Form 4
- PM's page on the SEC website