Zyn shortages continue. But the popular nicotine pouches will be back on more shelves later this year, an executive says. [Business Insider]
Philip Morris International Inc (PM)
Last philip morris international inc earnings: 4/21 06:59 am
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Source: Business Insider
Its parent company is planning a new US production location in 2025 to meet growing demand. Cans of popular nicotine brand Zyn will be back on more shelves before the end of the year. Zyn shipped 80% more cans in the US in the first three months of the year compared with the same period in 2023, Philip Morris International, the parent company of Zyn maker Swedish Match, said in late April. But that wasn't enough for consumers, and the company has had shortages across its supply chain. A top executive now says that PMI is working on filling the gaps. "We believe that we're going to be back to a normal situation in the course of Q4," Emmanuel Babeau, the chief financial officer of PMI, said at a Deutsche Bank conference last week. Babeau also said that the company is working on a new production location for Zyn in the US in 2025. He did not add details about the location or the opening date of the factory. In the spring, Zyn customers noticed fewer Zyn cans in stores and
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News
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- CANADA MISSES OPPORTUNITY TO ACHIEVE SMOKE-FREE GOAL FASTER [Yahoo! Finance]Yahoo! Finance
- Zyn, already in short supply, pauses selling nicotine pouches online [Business Insider]Business Insider
- Philip Morris International: District of Columbia SubpoenaBusiness Wire
- Philip Morris International to Fund Law Clinics in Expansion of the Organization's U.S. Veterans Program [Yahoo! Finance]Yahoo! Finance
PM
Earnings
- 4/23/24 - Beat
PM
Analyst Actions
- 4/24/24 - Stifel
PM
Sec Filings
- 6/17/24 - Form 8-K
- 6/7/24 - Form 8-K
- 6/6/24 - Form CERT
- PM's page on the SEC website