Philip Morris Stock Price, News & Analysis

On June 28, 2022, Philip Morris Holland Holdings B.V. (PMHH), a subsidiary of Philip Morris International (PM), announced a public offer for all shares of Swedish Match AB (SWMAY). The offer document has been approved by the Swedish Financial Supervisory Authority and is accessible on the official website. The acceptance period begins on June 29, 2022, and concludes on September 30, 2022, with settlement expected on or around October 6, 2022. PMHH retains the right to extend the acceptance period as necessary.

Kaival Brands Innovations Group, Inc. (KAVL) reported its fiscal Q2 2022 results, revealing a revenue decline of approximately $15.7 million compared to the previous year. However, revenues rose by 11% from Q1 2022, attributed to a judicial stay on the FDA's marketing denial order for non-tobacco flavored BIDI^® Sticks. An international licensing agreement with Philip Morris could enhance global distribution, potentially creating substantial revenue streams. The company incurred a net loss of approximately ($5.0) million, with gross profit at about $387,700.

The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of $1.25 per share, payable on July 15, 2022, to shareholders on record as of July 1, 2022. The ex-dividend date is June 30, 2022. PMI continues to focus on transitioning to a smoke-free future, having invested over USD 9 billion since 2008 in innovative products. As of March 31, 2022, approximately 12.7 million adults globally have switched to PMI's smoke-free products.

Philip Morris International Inc. (PM) Chief Financial Officer Emmanuel Babeau addressed investors at the Deutsche Bank Global Consumer Conference in Paris. He highlighted strong growth fundamentals for 2022, particularly from the IQOS brand, and forecasted improved core business performance in Q2. PMI's strategic acquisition of Swedish Match aims to accelerate its smoke-free future, complemented by the upcoming launch of the VEEBA disposable e-vapor product. PMI has invested over USD 9 billion in smoke-free innovations and has 12.7 million global users of IQOS as of March 2022.

Philip Morris International (NYSE: PM) will host a live webcast featuring CFO Emmanuel Babeau at the 2022 Deutsche Bank Global Consumer Conference on June 14, 2022, at 8:30 a.m. CEST (2:30 a.m. ET). The webcast stream can be accessed live and archived at www.pmi.com/2022deutschebank until July 13, 2022. PMI is committed to a smoke-free future, investing over USD 9 billion since 2008 in smoke-free products like IQOS, now available in 71 markets, with 12.7 million adults having stopped smoking using their products.

Zayo Group Holdings has appointed Lisa Hook to its board of directors. Hook, a former President and CEO of Neustar, brings extensive experience in cloud infrastructure, telecommunications, and digital marketing. During her eight years at Neustar, she held key leadership positions, including on its board since 2010. Currently, she serves on the boards of Fidelity National Information Services (FIS), Philip Morris International (PM), and Ritchie Brothers Holdings (RBA). Hook aims to enhance Zayo's growth in the rapidly evolving communication infrastructure landscape.