The Zacks Tobacco industry players have been witnessing soft cigarette sales volumes due to inflation, changing consumer habits, and stringent regulations. Increased costs of essential materials further raise concerns for profit margins. While investments in smoke-free products come at the cost of margins, they have been driving revenues of tobacco companies, given consumers’ growing health […]
Tag: Tobacco
Should Investors Be Worried About This Ultra-High Dividend Yield Tobacco Stock?
Tobacco stocks have been phenomenal performers over the long term. They have strong profit margins and the consistent ability to raise prices, so shareholders who have held on for multiple decades have seen total returns (stock price appreciation plus dividends) that trounce the broad market by a wide margin. However, in the last 10 years, […]
Iowa City’s tobacco permit moratorium will address safety concerns, influx of vape shops
Amid concern from the Iowa City City Council and a flurry of new tobacco and vape shops, the City of Iowa City will stop issuing new tobacco permits through the end of the year. The moratorium will begin around June 4 and run for about seven months through Jan. 1, 2025. The pause will allow […]
White Earth tribal member charged with felony cannabis possession after raid on tobacco shop
A White Earth tribal member whose Mahnomen business was raided last August has been charged with a felony for illegal cannabis possession. Mahnomen resident Todd J. Thompson, 54, started selling cannabis from his northwestern Minnesota store, Asema Tobacco & Pipe Shop, on the day recreational cannabis became legal in Minnesota. But his store was only […]
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Philip Morris results beat estimates on demand for heated tobacco sticks
(Reuters) – Philip Morris International on Tuesday surpassed market expectations for first-quarter profit and revenue, helped by robust demand for its heated tobacco product and Zyn nicotine pouches. The Marlboro maker’s flagship heated tobacco device IQOS, expected to launch in the United States in the second quarter, has been a driving force behind its effort […]
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Oxford joins 13 Ohio cities in lawsuit for home rule over tobacco
Apr. 12—The City of Oxford has joined up with Cleveland, Cincinnati, Columbus and other Ohio cities in lawsuit against the state in hopes of winning the authority to regulate tobacco sales within city limits. The aim of the suit filed last week within the Franklin County Court of Common Pleas is to reverse a new […]