Latest news with #cigarettes
Yahoo
2 days ago
- Business
- Yahoo
Philip Morris's revenue misses estimates as cigarette volumes drop
(Reuters) -Philip Morris International (PMI), which makes Marlboro cigarettes, reported second-quarter revenue on Tuesday that fell short of analysts' estimates as cigarette sales volumes slipped. The company's shares dropped about 5% in premarket trading. While PMI has been faster than its peers to transition from traditional tobacco products to smoke-free alternatives, such as its flagship heated tobacco device IQOS and nicotine pouch brand ZYN, it is still grappling with sharp declines in tobacco use. Tobacco products, including cigarettes, are still the main engine of PMI's business, and besides competition from smoke-free products, regulatory headwinds and tough economic conditions have hit consumers' wallets. As a result, while PMI's total sales rose 7.1% to $10.14 billion in the latest quarter, it fell short of analysts average estimate of $10.33 billion, as per data compiled by LSEG. Shipment volumes in its cigarettes business declined 1.5%, while, in contrast, volumes in oral smoke-free products business rose 23.8%. PMI saw steady growth in inhalable alternative nicotine products, notably of IQOS, across Europe and Japan and cities such as Jakarta, Mexico and Seoul. Earlier this year, PMI began selling IQOS on a small scale in the United States, a move that ultimately is expected to help fuel its push to diversify revenue streams beyond cigarettes. In the fast-growing nicotine pouches market, PMI's ZYN is already a U.S. market leader. PMI, whose shift from cigarettes has been faster than rivals Altria and BATS, aims to generate half of its sales from smoking alternatives by the end of 2025. The company's second-quarter adjusted profit of $1.95 per share beat market estimates of $1.86 per share. It expects an adjusted profit of $7.43 to $7.56 per share for the year, compared with its prior forecast of $7.36 to $7.49. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
3 days ago
- Business
- Zawya
Egypt: Eastern Company sets new prices for cigarette products
Arab Finance: Eastern Company's board has approved new prices for its cigarette products, effective as of Friday, July 18, according to a statement. Under the updated price list, all 20-cigarette Cleopatra packs, including Cleopatra King Size, Cleopatra Box, Cleopatra Soft Queen, Cleopatra Black Label, Cleopatra Super, and Matossian Super, will now be sold for EGP 44. The price of both Boston and Belmont 20-cigarette packs has also been set at EGP 44. Meanwhile, Mondial red, blue, and silver packs, as well as Mondial Switch mint and blueberry packs, are all priced at EGP 44. This decision comes as per the provisions of the amended value-added tax (VAT) law no.177 of 2023 and the comprehensive medical insurance system law no.2 of 2018. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
The Independent
6 days ago
- Health
- The Independent
Mapped: The UK regions where smoking is most common after stark new figures released
The number of cigarettes smoked in Britain every year has been revealed in a shocking new study from Cancer Research UK and University College London (UCL). Smokers are getting through an estimated 28.6 billion cigarettes each year on average, equating to 78 million every day. The study draws on data from the Smoking Toolkit Study between 2022 and 2024. It estimates that adults who smoke consume an average of 10.4 cigarettes daily, with 5.5 per cent of smokers exceeding 20 cigarettes a day The figures are also broken down by region, showing which areas in the UK have the highest proportion of smokers, and which region has the highest average number of cigarettes smoked. The data shows that it is the South West that has the highest proportion of smokers at 15 per cent of the adult population. Meanwhile, Scotland and Yorkshire are joint-lowest at 13.3 per cent. Amongst all adults, the average is 13.9 per cent. However, smokers in southern regions smoke proportionally less cigarettes a year than those in the north and Scotland. Smokers in the North East average 598 cigarettes a year – the highest of any region – while London is the lowest at 423. The analysis finds that this points to significant inequalities in cigarette consumption, with individuals from more deprived backgrounds smoking an average of 11 cigarettes daily, compared to 9.4 per day among those in wealthier areas. In light of the figures, charities are calling on the government to speed up its upcoming Tobacco and Vapes Bill which is currently passing through Parliament. The legislation aims to create a 'smoke-free generation' by preventing the sale of tobacco products to anyone born on or after January 1, 2009, effectively raising the legal smoking age each year. Cancer Research UK's executive director of policy, Dr Ian Walker, said: 'While great strides have been made to bring down smoking rates, we can't afford to be complacent. Every week, around 550 million cigarettes are still smoked in Britain – that's enough to fill an Olympic sized swimming pool. It's vital that everyone, wherever they live, can access the support they need to quit smoking for good. 'The Tobacco and Vapes Bill is a historic opportunity to help stub out the harms of smoking, but it's frustrating that the legislation isn't progressing through Parliament as quickly as it should be. 'Tobacco is a toxic product that should have no place in our future, and I urge all parliamentarians to back a smoke-free UK and prioritise this Bill when it returns to the House of Lords. This world-leading legislation has strong political and public support that can't be ignored.'
The Independent
6 days ago
- Health
- The Independent
If you're from these UK areas, you're more likely to smoke
A new analysis estimates 28.6 billion cigarettes are smoked in Britain annually, highlighting stark inequalities in consumption across the country. The study, by Cancer Research UK and UCL, found people from more deprived backgrounds and regions like the North East and Scotland smoke more cigarettes daily. Despite overall declining smoking rates, England is projected to miss its 2030 smokefree target, potentially not achieving it until 2039. Charities are urging the Government to prioritise the Tobacco and Vapes Bill, which aims to prevent anyone born after 1 January 2009 from legally smoking. Concerns are growing over the Bill's slow progress through Parliament, with billions of cigarettes smoked since its reintroduction in the Commons.
Daily Mail
6 days ago
- Health
- Daily Mail
Britons puff over 78 MILLION cigarettes every day, shock study finds - is YOUR area a hotspot?
Smokers puff over 78million cigarettes every single day in the UK, concerning research has suggested. Studies have long shown smoking rates across Britain as a whole have crashed to an all-time low. But now, researchers in London, who assessed the smoking habits of almost 80,000 Britons, found smokers still had 10 cigarettes per day on average in 2024. In the worst affected parts of the UK, this rose to 12. And each smoker on average consumed roughly 528 cigarettes every year—28.6 billion per year nationally, the equivalent of 78million per day. Experts warned that the 'staggering figure' is a 'stark reminder of the deadly toll of inaction'. Cancer Research UK, which funded the study, also urged the Government 'not to be complacent' in continuing the fight to reduce tobacco rates. Experts have long said the introduction of modern anti-smoking laws, such as selling cigarettes in plain packaging, are behind the fall in smokers. Other tough measures deployed in the past two decades include slapping graphic warning labels depicting their damaging health effects on all tobacco and banning smoking in restaurants, pubs and nightclubs. Dr Ian Walker, executive director of policy at Cancer Research UK, said: 'While great strides have been made to bring down smoking rates, we can't afford to be complacent. 'Every week, around 550 million cigarettes are still smoked in Britain—that's enough to fill an Olympic sized swimming pool. It's vital that everyone, wherever they live, can access the support they need to quit smoking for good.' Dr Sarah Jackson, research fellow at UCL's Institute of Epidemiology and Health Care, added: 'Tackling smoking is not just about preventing uptake among future generations. 'Despite declining smoking rates, over 28 billion cigarettes are still consumed in Great Britain each year, generating up to 140,000 metric tons of toxic, non-biodegradable waste annually. 'Reducing cigarette consumption is critical not only to save lives and narrow health inequalities, but also to protect our environment from one of the most pervasive forms of plastic pollution.' The 77,796 smokers involved in the University College London study were quizzed on their habits—including cigarette consumption and the type of tobacco smoked between 2022 and 2024. They found adults who smoked, consumed an average of 10.4 cigarettes per day, with 5.5 per cent of those smoking more than 20 a day. Researchers also found people in the North East and Scotland smoked the most—11.7 each—while people in London and the South West smoked the least, with 8.4 and 9.5 cigarettes respectively. Writing in the journal Nicotine and Tobacco Research, they added: 'Our findings indicate that adults from less advantaged backgrounds who smoke, consumed an average of 11 cigarettes per day, compared with 9.4 per day among those who were more advantaged. 'They were also more likely to smoke heavily, with 6.1 per cent versus 4.6 per cent reporting that they smoked more than 20 cigarettes per day.' Experts also warned that England could struggle to meet its smoke free target of 5 per cent by 2030 if current trends continue. Dr Walker said the Tobacco and Vapes Bill was 'a historic opportunity to help stub out the harms of smoking' but it was frustrating that the legislation 'isn't progressing through Parliament as quickly as it should be'. The legislation—which cleared the House of Commons in March—will prevent anyone born on or after January 1 2009 from legally smoking if it becomes law. It is set to undergo further scrutiny in the House of Lords. Reacting to the study, Hazel Cheeseman, chief executive of Action on Smoking and Health (Ash), also said: 'Since Parliament last debated the Tobacco and Vapes Bill, an estimated 6.7 billion cigarettes have been smoked in the UK. 'That staggering figure is a stark reminder of the deadly toll of inaction. 'Every day that passes without this legislation is a day lost in protecting our children from addiction and improving public health. 'We urge the Government to make this Bill a priority immediately after summer recess. The country cannot afford further delay—this is a once-in-a-generation opportunity to create a smoke free future, and it must not be squandered.' Smoking kills around 78,000 people in the UK every year, with many more living with illnesses due to their habit—half of which are due to cardiovascular diseases, such as heart attack and stroke. It is estimated that around 500,000 hospital admissions every year in England are attributable to smoking and that smoking costs the economy £17billion per year. The 7,000 chemicals in tobacco—including tar and others that can narrow arteries and damage blood vessels—are thought to be behind some of the damage smoking inflicts on the heart. Meanwhile, nicotine—a highly addictive toxin found in tobacco—is heavily linked with dangerous increases in heart rate and blood pressure.
