PMI Q3: Smokeless products account for 38% of net sales, says The Times

Oct.28.2024
PMI Q3: Smokeless products account for 38% of net sales, says The Times
PMI's third-quarter financial report revealed $9.91 billion in revenue, up 8.4% year-on-year, with smoke-free products driving growth.

On October 27th, 2Firsts noticed that the British newspaper "The Times" published an advertisement for the third quarter financial report of Philip Morris International (PMI).

 

PMI Q3: Smokeless products account for 38% of net sales, says The Times
The PMI financial report published in The Times | Image source: 2Firsts

 

Previously, PMI released its financial report for the third quarter of 2024 on October 22. The report showed that the third quarter revenue was $9.91 billion, an increase of 8.4% year-over-year. In this quarter, the smoke-free business accounted for 38% of PMI's total net income and 40% of gross profit, increasing by 1.9% and 2.2% compared to the third quarter of last year, respectively. The quarterly shipments of smoke-free products reached nearly 40 billion units in 92 markets globally, with a total of 36.5 million users.

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Samsung Loses E-Cigarette Battery Explosion Case as Georgia Court Upholds $10.8 Million Verdict
Samsung Loses E-Cigarette Battery Explosion Case as Georgia Court Upholds $10.8 Million Verdict
The Georgia Court of Appeals has ruled that Samsung must pay $10.8 million in damages to Brewer, a man injured by an e-cigarette battery explosion. The court confirmed that Chatham County is the proper venue for the trial and rejected Samsung's delayed objection regarding jurisdiction.
Jun.25 by 2FIRSTS.ai
UK Royston Vape Shop Shut Down for Selling Illegal Tobacco and E-Cigarette Products
UK Royston Vape Shop Shut Down for Selling Illegal Tobacco and E-Cigarette Products
A vape shop in Royston, UK, was shut down for three months after repeated sales of illegal cigarettes, cannabis, and disposable vapes. Authorities seized 5,360 cigarettes, 0.85 kg of rolling tobacco, 176 vapes, and cannabis products. The shop also sold to minors and employed illegal workers. A criminal investigation is underway after two people were caught entering the store post-closure.
Jul.25 by 2FIRSTS.ai
Kenya Announces a Complete Ban on All Tobacco Product Imports, Health Minister: Public Health Takes Priority
Kenya Announces a Complete Ban on All Tobacco Product Imports, Health Minister: Public Health Takes Priority
Kenya has banned the import of all tobacco products to reduce supply and tackle health issues. The Health Minister emphasized continuing efforts against illegal tobacco smuggling and announced stricter graphic health warnings to protect youth from tobacco harms.
Aug.04 by 2FIRSTS.ai
U.S. FDA Releases Latest PATH Study Data: Focus on Youth Tobacco Trends and Urban-Rural Disparities in Tobacco Use
U.S. FDA Releases Latest PATH Study Data: Focus on Youth Tobacco Trends and Urban-Rural Disparities in Tobacco Use
On July 1, the FDA released 2023 PATH data on youth tobacco use, highlighting trends and differences across urban, suburban, town, and rural areas to support targeted policymaking.
Jul.02 by 2FIRSTS.ai
PIXL ranks among the top three best-selling e-cigarettes in Scotland, with 2Firsts analyzing the product and growth logic
PIXL ranks among the top three best-selling e-cigarettes in Scotland, with 2Firsts analyzing the product and growth logic
SLR reports on Talysis data, revealing Pixl as Scotland's third best-selling e-cigarette brand with 13.5% market share.
Aug.07 by 2FIRSTS.ai
Man Fights Flight Attendant After Vaping on U.S. Flight, Faces Hefty Fine
Man Fights Flight Attendant After Vaping on U.S. Flight, Faces Hefty Fine
Passenger conflict on US flight over e-cigarette use, sparking FAA fines and social media backlash. (17 words)
Aug.07 by 2FIRSTS.ai