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Category: Business & Finance

  • Nicokick, Northerner Expand GOVX Discount for Military Appreciation Month

    Nicokick, Northerner Expand GOVX Discount for Military Appreciation Month

    Nicokick and Northerner announced a promotion offering a 35% discount to verified GOVX members in recognition of Military Appreciation Month. The offer, available from May 20 through May 25 on both retailers’ websites, expands on an existing year-round 25% discount program for eligible adults aged 21 and over, including military personnel, veterans, first responders, healthcare workers, and government employees who use nicotine products.

    The companies said the promotion will be automatically applied at checkout for verified users, with eligibility confirmed through GOVX at no cost. The initiative is positioned as an extension of ongoing discount programs aimed at public service workers, with the temporary discount intended to coincide with Memorial Day observances.

  • 22nd Century Announced May 7 Financial Call

    22nd Century Announced May 7 Financial Call

    22nd Century Group, Inc. announced that it will host a webcast on May 7 at 8 a.m. ET to discuss its first-quarter 2026 financial results, which are scheduled to be released earlier that day. Company executives, including CEO Larry Firestone and CFO Dan Otto, will review performance, outline progress during the quarter, and provide an update on plans for the remainder of 2026.

    The webcast will be available live and archived on the company’s investor relations website, with participants encouraged to register in advance.

  • Altria to Host Webcast of 2026 Annual Meeting May 14

    Altria to Host Webcast of 2026 Annual Meeting May 14

    Altria Group, Inc. will host its 2026 Annual Meeting of Shareholders via live audio webcast on May 14 at 9 a.m. ET. Shareholders of record as of March 25 will be able to vote electronically and submit questions during the virtual meeting, while non-shareholders may attend as guests without participation rights. The company encourages shareholders to vote in advance using methods outlined in its proxy materials, and said an archived webcast will be available after the event, along with supporting business and financial resources on its investor website.

  • Indonesian Groups Reject Tobacco Tier Tax Proposal

    Indonesian Groups Reject Tobacco Tier Tax Proposal

    A coalition of Indonesian civil society groups rejected a government proposal to expand the country’s tobacco excise system by adding a new tariff tier, arguing it could undermine public health objectives and increase corruption risks. The Coalition Save Our Surroundings (SOS), which includes CISDI, Seknas FITRA, and Indonesia Corruption Watch, said the plan contradicts the primary purpose of excise policy of controlling consumption, and instead prioritizes revenue generation. Officials proposed adding a ninth tier to the existing structure to encourage illegal producers to enter the formal market, with potential implementation as early as May 2026.

    Critics argue the move could complicate the system and enable “downtrading,” where consumers shift to cheaper products, while also creating opportunities for manipulation and weak enforcement. CISDI recommended simplifying the current structure rather than expanding it, and ICW warned that additional tiers could open new avenues for corruption through product misclassification. Government officials maintain the policy could help increase revenue and curb illicit trade, but civil society groups say it does not address underlying enforcement challenges.

  • Drew Estate Expanding Operations into D.R.

    Drew Estate Expanding Operations into D.R.

    Drew Estate announced plans to expand into the Dominican Republic with a new manufacturing and agricultural project, Drew Dominicana, expected to open in early 2027, according to the Premium Cigar Association. The development includes a 73,000-square-foot cigar factory in Santiago and a dedicated tobacco farm in Villa González, marking the first time the company will produce cigars outside of Nicaragua, where its operations have historically been based. The company said most production will remain at its Estelí facility, while certain brands, including Deadwood Tobacco Co. Dominicana and Undercrown El Tigre Dominicano, are expected to transition to the new site once operational.

    The project will focus on tobacco cultivation, cigar production, and consumer-facing experiences. Drew Estate said the farm will grow tobacco exclusively for the company and will be led by Dominican cultivator Manuel Peralta. Company executives described the expansion as a long-term strategic investment, with additional details on production and future releases to be announced as development progresses.

  • Altria Reports Q1 2026 Results; Reaffirms Full-Year Guidance

    Altria Reports Q1 2026 Results; Reaffirms Full-Year Guidance

    Altria Group reported a strong start to 2026, delivering solid financial growth and reaffirming full-year earnings guidance. First-quarter net revenues rose 3.2% to $5.4 billion, while adjusted diluted earnings per share (EPS) increased 7.3% to $1.32, driven by higher operating income and reduced share count. The company continues to generate significant cash flow, enabling shareholder returns through $1.8 billion in dividends and $280 million in share repurchases during the quarter. Management maintained its full-year adjusted EPS outlook of $5.56 to $5.72, reflecting confidence in continued performance despite macroeconomic uncertainty.

    Operationally, Altria’s smokeable products segment remained the primary earnings driver, supported by pricing strength and Marlboro’s continued leadership in the premium category. While overall cigarette shipment volumes declined due to industry contraction, income growth and margin expansion offset these pressures. In the oral tobacco segment, the on! nicotine pouch brand showed volume growth and ongoing national expansion, though competitive dynamics and shifting product mix weighed on margins. The company continues to balance investment in emerging smoke-free products with maintaining profitability in its core combustible business.

    Strategically, Altria said it is advancing its “Moving Beyond Smoking” vision by investing in smoke-free alternatives and long-term growth initiatives. The company is navigating moderated e-vapor category growth, regulatory constraints, and evolving consumer preferences, while also investing in manufacturing capabilities and cost-efficiency programs. Although near-term challenges include declining cigarette volumes and competitive pressure in oral products, Altria said its strong cash generation, disciplined capital allocation, and diversified nicotine portfolio position it to sustain earnings growth and shareholder value over the long term.

  • Philip Morris Korea Appoints New Managing Director

    Philip Morris Korea Appoints New Managing Director

    Philip Morris Korea named Lee Hong-suk as its new managing director, effective May 1, as the company continues to advance its smoke-free product strategy in the country. Lee, who has been with Philip Morris International since 1999, has held senior roles across multiple markets and most recently led the company’s smoke-free products division in Korea.

    In his new role, Lee will oversee operations in one of PMI’s key markets for alternatives such as IQOS, with a focus on expanding the company’s presence and engagement with stakeholders. The company said Lee will be essential as it continues to prioritize smoke-free product development and commercialization in the Korean market.

  • PMI Schedules 2026 Annual Shareholder Meeting

    PMI Schedules 2026 Annual Shareholder Meeting

    Philip Morris International announced that it will hold its 2026 Annual Meeting of Shareholders on May 6 at 9 a.m. ET via a live virtual webcast. The meeting will be accessible online, with presentation materials and a replay available for one year following the event.

    Chairman André Calantzopoulos and CEO Jacek Olczak are scheduled to address shareholders and respond to questions, with participation limited to verified shareholders using a control number.

  • Altria Outperforms Peers as Cigarette Declines Moderate: Motley Fool

    Altria Outperforms Peers as Cigarette Declines Moderate: Motley Fool

    A recent Motley Fool analysis highlights continued declines in U.S. cigarette volumes, though at a slower pace than expected, with industry data showing a 4.3% to 5.5% year-over-year drop and a 5.1% decline so far in 2026. The figures came in better than earlier projections, suggesting the rate of contraction in the traditional cigarette market may be stabilizing somewhat, even as long-term declines persist.

    The report notes that Altria is outperforming key competitors in this environment, with its cigarette volumes down 4.7% compared to sharper declines of 9.3% for British American Tobacco and 9% for Imperial Brands. At the same time, Motley Fool said next-generation products show mixed performance, with nicotine pouches growing 22% while e-cigarette volumes fell 17%, underscoring uneven momentum across reduced-risk categories as companies continue to navigate the transition away from combustible products.

  • Syrian Tobacco Production Rocked by Factory Disruptions

    Syrian Tobacco Production Rocked by Factory Disruptions

    Syria’s state-run tobacco sector has seen a sharp decline in production following widespread disruption to manufacturing facilities, with around 80% of cigarette and shisha factories not fully operational, according to the head of the General Organization of Tobacco (GOT). Officials attribute the shutdowns to damage, looting, and instability linked to recent military developments, which are significantly impacting output capacity.

    As a result, tobacco production fell to 3,209 tons in 2025, while the state entity has reduced its workforce by 35% over the past year.