Group 1 - The stock price of British American Tobacco (NYSE: BTI) has increased by almost 20% since the last report, driven by its recent interim results [1] - The company is involved in the green economy, with a focus on generational investment opportunities [1]

Financial Data and Key Metrics Changes - Operating income increased by $17 million to $34 million for the first fiscal quarter, while revenue slightly decreased to $594 million [5][10] - Net income attributable to the company was $8.5 million or $0.34 per share, compared to $100,000 or $0.01 per share for the same quarter last year [11] - Adjusted net income was $9.6 million or $0.38 per share, compared to $100,000 or $0.01 per share for the same quarter last year [11] Business Segment Data and Key Metrics Changes - Tobacco operations segment operating income rose to $35.7 million from $14.5 million year-over-year, driven by a favorable product mix [12] - Ingredients operations segment operating income decreased to $1.7 million from $2.9 million, impacted by a less favorable product mix and higher fixed costs [12] Market Data and Key Metrics Changes - The first fiscal quarter typically experiences lower tobacco sales volumes due to carryover shipments from the previous fiscal year [6] - Uncommitted tobacco inventories were low at about 11% of total tobacco inventory as of June [7] Company Strategy and Development Direction - The company aims to maximize and optimize its tobacco business while continuing to drive organic growth in the ingredients segment [15] - Investments in expanded facilities and customer relationships are expected to enhance product offerings and market share [15][43] Management's Comments on Operating Environment and Future Outlook - Management acknowledged uncertainties related to customer procurement strategies and tariff impacts but sees these challenges as opportunities [14] - The company is focused on maintaining a strong balance sheet and conservative debt levels, with net debt reported at $1.1 billion [13] Other Important Information - A leadership transition is underway as the CFO will retire after over thirty years with the company [16] - The company is committed to sustainability and aims for net zero greenhouse gas emissions by 2050 [19] Q&A Session Summary Question: Discussion on tariffs affecting tobacco and ingredients business - Management indicated that Brazilian tobacco imports represent a small portion of total sales and emphasized their diversified global footprint to mitigate tariff impacts [26][27] Question: Margin projections for the tobacco segment - Management expects margin pressure due to larger crop sizes but is optimistic about maintaining good communication with customers to protect margins [32][34] Question: Update on the US tobacco leaf crop - The US tobacco crop is expected to be large and of good quality, with buying just beginning [38] Question: Margin progression for the ingredients segment - Management is optimistic about increasing margins in the back half of the year as they continue to execute their strategy and increase volumes [45][46] Question: Use of cash and share repurchase program - The company has a share repurchase program in place but currently has no major plans for cash use beyond working capital needs [60][61]

MOCKSVILLE, N.C., Aug. 07, 2025 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), the only tobacco products company that has for 27 years led and continues to lead the fight against the harms of smoking driven by nicotine addiction, will host a webcast on Thursday, August 14, 2025, at 8:00 AM ET to discuss its 2025 second quarter results, which are to be reported in a press release at 6:00 AM ET the same day. During the webcast, Larry Firestone, chairman and chief executive officer, and Dan Otto, ...

Quarter Review: Revenue, Profitability, and Operations GAAP revenue dropped nearly 20% from the prior year. Management pointed to the pull-forward of shipments into Q4 FY2025, which reduced volumes available for shipment. Volume sold in the leaf segment fell 30.1%, from 95.7 million kilos to 66.9 million kilos. However, the average selling price per kilo increased by 11.2%, reaching $6.85 per kilo, helped by tight supply and customer demand. Pyxus International specializes in sourcing, processing, and suppl ...

Core Insights - Altria Group, Inc. is experiencing significant growth in its smoke-free product segment, particularly with its oral nicotine pouch brand, on!, which saw a 26.5% increase in shipments year over year, reaching 52.1 million cans, and capturing an 8.7% share of the total oral tobacco category [1][7] - The nicotine pouch segment now constitutes over half of the oral tobacco category, indicating a shift in consumer preferences away from traditional moist smokeless tobacco [1] - Altria's oral tobacco segment reported a 10.9% increase in adjusted operating income, with margins expanding to 68.7%, despite a 10.2% decline in domestic cigarette shipments [2][3][7] Market Competition - Philip Morris International is aggressively expanding its smoke-free portfolio, with a 17.3% organic growth in smoke-free net revenues, driven by a 26% increase in ZYN U.S. offtake and a 65% rise in international pouch volumes [4] - Turning Point Brands is also making strides in the modern oral nicotine market, with white pouch sales growing nearly 10 times year over year, prompting an increase in full-year guidance to $80-$95 million [5] Stock Performance and Valuation - Altria's shares have increased by 3.8% over the past month, contrasting with a 1.6% decline in the industry [6] - The company is currently trading at a forward price-to-earnings ratio of 11.4X, which is lower than the industry's average of 14.9X [9] - The Zacks Consensus Estimate for Altria's earnings per share for 2025 and 2026 has risen by 2 cents each, now projected at $5.39 and $5.55 respectively [10]

Financial Data and Key Metrics Changes - Revenue increased by 25% to $116.6 million for the quarter, with Modern Oral revenue contributing $30.1 million, accounting for 26% of total revenue [4][20] - Adjusted EBITDA rose by 15% to $30.5 million, with a margin of 26.1% [5][16] - Gross margin improved to 57.1%, up 310 basis points year over year and 110 basis points sequentially [16] Business Line Data and Key Metrics Changes - Zig Zag sales decreased by 6.9% year over year to approximately $47 million, while Stoker's revenue increased by 63% to about $70 million [17][18] - Modern Oral nicotine pouch sales surged nearly 8 times year over year, achieving total revenue of $30.1 million, reflecting a 35% sequential increase [6][19] - The MST portfolio net sales grew by 4% year over year to $29 million, with Stoker's chewing tobacco gaining market share [18] Market Data and Key Metrics Changes - Analysts expect the nicotine pouch category to approach $10 billion in manufacturers' revenue by the end of the decade [6] - The company aims for a long-term target of double-digit market share in the nicotine pouch category [6] Company Strategy and Development Direction - The company is prioritizing investments in the white pouch category while maintaining strong cash flow from heritage brands [7] - Key initiatives include expanding the sales force, enhancing online presence, and increasing investments in chain accounts [12] - The company plans to double the size of its sales force by 2026, with progress ahead of schedule [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the Modern Oral category and the positive consumer feedback received [11] - The company is managing tariff headwinds and is focused on controlling costs while investing in U.S. manufacturing capabilities [36][37] - Management remains optimistic about the premium MST business and its potential for growth despite prioritizing Modern Oral [63] Other Important Information - The company increased its full-year adjusted EBITDA guidance to a range of $110 million to $114 million [5][20] - Capital expenditures for the quarter were $3.9 million, with budgeted CapEx for 2025 expected to be between $4 million and $5 million [21] Q&A Session Summary Question: Plans for ALP brick and mortar rollout - Management indicated excitement about online results and confidence in transitioning to brick and mortar, with expectations for gradual store acquisition [26][27] Question: Slotting fees and distribution expansion - Management acknowledged the competitive nature of the market and the necessity of investing in slotting fees to gain access to chains [38] Question: Gross margins and future expectations - Management noted healthy margins in the Stoker's business and expressed optimism about the margin profile of the Modern Oral segment despite potential lumpiness [42][45] Question: Modern Oral promotional environment - Management highlighted the competitive promotional landscape and expressed excitement about the opportunity to build brand awareness in the category [52][54] Question: Legacy MST business growth - Management emphasized the synergy between Modern Oral and MST distribution, indicating strong potential for continued growth in the MST segment [61][63]

Turning Point Brands (TPB) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +24.05%. A quarter ago, it was expected that this company would post earnings of $0.75 per share when it actually produced earnings of $0.91, delivering a surprise of +21.33%.Over the last four quarters, the co ...

Key Takeaways Philip Morris International ((PM) saw its e-vapor brand VEEV more than double shipment volumes year over year in the second quarter of 2025, a striking development in the multi-category smoke-free strategy. With nearly 1.5 billion equivalent units shipped in the first half of 2025, VEEV is increasingly emerging as a viable growth engine alongside the more mature IQOS and ZYN brands. Shares of Philip Morris have lost 10% in the past month compared with the industry's decline of 2.9%. VEEV shipm ...

Core Insights - Altria reported strong financial performance, exceeding both revenue and earnings expectations for its second fiscal quarter [1] - The company continues to benefit from robust profitability in its core business despite challenges in the traditional tobacco segment [1] Financial Performance - Altria's second fiscal quarter results showed significant growth, indicating resilience in its core operations [1] - The traditional tobacco segment is experiencing pressure due to declining demand, yet the overall profitability remains strong [1]

Group 1 - Altria has outperformed the market since the last investment recommendation, driven by a strong dividend yield exceeding 6.5% [2] - The company maintains continued earnings, reinforcing its value as an investment opportunity [2] - The Value Portfolio employs a fact-based research strategy, analyzing 10Ks, analyst commentary, market reports, and investor presentations to identify investments [2] Group 2 - The Retirement Forum aims to provide actionable ideas and a high-yield safe retirement portfolio to maximize capital and income [1] - The forum conducts comprehensive market searches to enhance returns for investors [1]