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Philip Morris (PM) Advances Smoke-Free Evolution With New Launch
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Philip Morris International Inc. (PM - Free Report) is going all the way to accelerate its smoke-free transformation. With the ambition of generating more than two-thirds of its total revenues from smoke-free products by 2030, Philip Morris aims to offer enhanced alternatives to consumers. Moving on these lines, the company has unveiled its latest offering, the IQOS ILUMA i. The launch coincides with the 10-year anniversary of IQOS, which was initially introduced in Nagoya, Japan, in 2014.
This new addition to Philip Morris’ portfolio of innovative products aims to cater to individuals who would otherwise continue smoking or using nicotine products.
IQOS Setting the Pace
The introduction of induction-heating technology by IQOS ILUMA revolutionized the smoke-free category, heating tobacco from within to ensure a consistent taste, eliminate tobacco residue and negate the need for device cleaning. The introduction of IQOS ILUMA i will elevate IQOS to even greater heights. This latest addition to the company’s smoke-free lineup offers an array of advanced features, promising users a cleaner, more seamless and highly flexible experience. The IQOS ILUMA i represents the company’s peak innovation so far.
PM’s decade-long investment in smoke-free alternatives, particularly IQOS, has yielded positive results, contributing to a decline in cigarette consumption globally. IQOS has surpassed Marlboro in net revenues, becoming the leading international nicotine brand. In markets like Japan, where nearly one-third of adult smokers have adopted IQOS, cigarette sales have declined since the introduction of heated tobacco products.
Image Source: Zacks Investment Research
In the fourth quarter of 2023, net revenues from smoke-free products formed 39.3% of Philip Morris’ total revenues. Total IQOS users at the end of 2023 were estimated at roughly 28.6 million, up 3.7% year over year. This includes nearly 20.8 million who switched to IQOS and stopped smoking.
What’s More?
Philip Morris has been benefiting from its pricing power. The company is progressing well with its business transformation and is well-placed to become a majority smoke-free company. Toward this end, the company’s IQOS, a heat-not-burn device, counts among one of the leading reduced-risk products in the industry. These next-generation devices are backed by substantial scientific insights and research.
For 2024, PM expects net revenues to increase 6.5-8% on an organic basis. The operating income on an organic basis is likely to increase 8-9.5%. Management expects an acceleration in organic smoke-free net revenues and gross profit increase from the 2023 level.
Shares of this Zacks Rank #3 (Hold) company have risen 0.9% in the past three months against the industry’s decline of 1.8%.
The Zacks Consensus Estimate for Post Holdings’ current financial-year sales and earnings indicates growth of 15.2% and 3.4%, respectively, from the year-ago reported numbers.
Vital Farms Inc. (VITL - Free Report) offers a range of produced pasture-raised foods. It currently has a Zacks Rank #2 (Buy). VITL has a trailing four-quarter earnings surprise of 145%, on average.
The Zacks Consensus Estimate for Vital Farms’ current financial-year sales suggests growth of 29% from the year-ago reported figure.
Celsius Holdings (CELH - Free Report) , a functional energy drink and liquid supplement company, currently carries a Zacks Rank #2. CELH has a trailing four-quarter earnings surprise of 67.4%, on average.
The Zacks Consensus Estimate for Celsius Holdings’ current fiscal year sales and earnings suggests growth of 41.6% and 37.8%, respectively, from the year-ago period numbers.
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Philip Morris (PM) Advances Smoke-Free Evolution With New Launch
Philip Morris International Inc. (PM - Free Report) is going all the way to accelerate its smoke-free transformation. With the ambition of generating more than two-thirds of its total revenues from smoke-free products by 2030, Philip Morris aims to offer enhanced alternatives to consumers. Moving on these lines, the company has unveiled its latest offering, the IQOS ILUMA i. The launch coincides with the 10-year anniversary of IQOS, which was initially introduced in Nagoya, Japan, in 2014.
This new addition to Philip Morris’ portfolio of innovative products aims to cater to individuals who would otherwise continue smoking or using nicotine products.
IQOS Setting the Pace
The introduction of induction-heating technology by IQOS ILUMA revolutionized the smoke-free category, heating tobacco from within to ensure a consistent taste, eliminate tobacco residue and negate the need for device cleaning. The introduction of IQOS ILUMA i will elevate IQOS to even greater heights. This latest addition to the company’s smoke-free lineup offers an array of advanced features, promising users a cleaner, more seamless and highly flexible experience. The IQOS ILUMA i represents the company’s peak innovation so far.
PM’s decade-long investment in smoke-free alternatives, particularly IQOS, has yielded positive results, contributing to a decline in cigarette consumption globally. IQOS has surpassed Marlboro in net revenues, becoming the leading international nicotine brand. In markets like Japan, where nearly one-third of adult smokers have adopted IQOS, cigarette sales have declined since the introduction of heated tobacco products.
Image Source: Zacks Investment Research
In the fourth quarter of 2023, net revenues from smoke-free products formed 39.3% of Philip Morris’ total revenues. Total IQOS users at the end of 2023 were estimated at roughly 28.6 million, up 3.7% year over year. This includes nearly 20.8 million who switched to IQOS and stopped smoking.
What’s More?
Philip Morris has been benefiting from its pricing power. The company is progressing well with its business transformation and is well-placed to become a majority smoke-free company. Toward this end, the company’s IQOS, a heat-not-burn device, counts among one of the leading reduced-risk products in the industry. These next-generation devices are backed by substantial scientific insights and research.
For 2024, PM expects net revenues to increase 6.5-8% on an organic basis. The operating income on an organic basis is likely to increase 8-9.5%. Management expects an acceleration in organic smoke-free net revenues and gross profit increase from the 2023 level.
Shares of this Zacks Rank #3 (Hold) company have risen 0.9% in the past three months against the industry’s decline of 1.8%.
3 Staple Bets Worth Grabbing
Post Holdings (POST - Free Report) , a consumer-packaged goods holding company, currently sports a Zacks Rank #1 (Strong Buy). POST has a trailing four-quarter earnings surprise of 52.2%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Post Holdings’ current financial-year sales and earnings indicates growth of 15.2% and 3.4%, respectively, from the year-ago reported numbers.
Vital Farms Inc. (VITL - Free Report) offers a range of produced pasture-raised foods. It currently has a Zacks Rank #2 (Buy). VITL has a trailing four-quarter earnings surprise of 145%, on average.
The Zacks Consensus Estimate for Vital Farms’ current financial-year sales suggests growth of 29% from the year-ago reported figure.
Celsius Holdings (CELH - Free Report) , a functional energy drink and liquid supplement company, currently carries a Zacks Rank #2. CELH has a trailing four-quarter earnings surprise of 67.4%, on average.
The Zacks Consensus Estimate for Celsius Holdings’ current fiscal year sales and earnings suggests growth of 41.6% and 37.8%, respectively, from the year-ago period numbers.