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Tag: financials

  • PMI to Host 2Q, First-Half Webcast

    PMI to Host 2Q, First-Half Webcast

    Today (July 15), Philip Morris International Inc. announced it will host a live audio webcast on July 22 at 9 a.m. ET, to discuss its 2025 second quarter and first-half results, which will be issued at approximately 7 a.m. that day. The webcast will be available at at www.pmi.com/2025Q2earnings.

    The webcast will be hosted by Emmanuel Babeau, Chief Financial Officer, and will include a discussion of PMI’s financial results and a Q&A session with the investment community. The webcast will be in a listen-only mode. The webcast may also be accessed on mobile devices by downloading PMI’s Investor Relations App at www.pmi.com/irapp.

    The webcast recording, slides, and script will be available at www.pmi.com/2025Q2earnings for one year post-event.

  • El Septimo Cigars Reports Record Growth

    El Septimo Cigars Reports Record Growth

    El Septimo Cigars reported a 300% increase in revenue in Q1 2025 compared to Q2 2024, following the successful signing of distribution partnerships in more than 50 countries worldwide.

    The company did not provide revenue numbers, but said its growth follows El Septimo’s strategic expansion campaign across primarily North America, while including new market entries across Europe, Asia, the Middle East, and Latin America. “This global push not only broadened the company’s international footprint but also solidified its position in the ultra-premium cigar market,” the company said in a press release.

    “This quarter’s results are a direct reflection of our commitment to excellence, innovation, and global brand building,” said Zaya S. Younan, CEO of El Septimo Geneva. “Our expansion into over 50 new countries represents more than just numbers—it’s a testament to the global appetite for luxury experiences. We are not just selling cigars; we are defining a lifestyle.”

  • Scandinavian Reports Q1 Results

    Scandinavian Reports Q1 Results

    Scandinavian Tobacco Group reported its net sales for the first quarter 2025 increased 1.3% to DKK 2 billion ($300 million) with a negative organic net sales growth of 8.8%. EBITDA before special items decreased 5.3% to DKK 317 million ($47.6 million) with an EBITDA margin of 16.1%.

    The reported net sales growth was driven primarily by the addition of the Mac Baren business and high double-digit growth in its XQS nicotine pouch brand, the company said. Organic net sales decline was impacted by lower consumption of handmade cigar sales in the U.S. and the discontinuation of online distribution of ZYN in the U.S. Temporary supply issues related to the go-live of SAP in its European factories phased some machine-rolled cigar sales from the first to later quarters.

    The U.S. market accounts for approximately 45% of the Group’s net sales. As a consequence of the recent changes in U.S. international trade policy—announced in April and resulting in increased tariffs of currently 10% on imported goods—and due to the translation effect from a lower U.S. dollar exchange rate, Scandinavian is adjusting its financial expectations for the full year 2025. The Group now expects reported net sales for 2025 to be in the range of DKK 9.1–9.5 billion ($1.37–1.43 billion), adjusted from the previous range of DKK 9.2–9.7 billion ($1.38–1.46 billion).

    The EBITDA margin decreased 1%-point compared with the first quarter of last year. The decline is driven by a combination of product and market mix, investments in regaining market shares in machine-rolled cigars in key European markets, as well as the expansion of our nicotine pouch business, the company said.

  • Turning Point Announces Q1 Review

    Turning Point Announces Q1 Review

    Turning Point Brands, Inc. announced that on May 7, it will hold a conference call to review 1st quarter 2025 results at 9:30 a.m. EST. Interested analysts and professional investors can register and participate through one of its call-in numbers:

    (800) 715-9871 (U.S., toll-free)
    (646) 307-1963 (International)
    Event ID: 6640134

    Participants should call at least 10 minutes before the start and follow the audio prompts after typing in the Event ID. The call will also be broadcast live as a listen-only webcast from the investor relations section of the company’s website. The replay of the webcast will be available on the site two hours following the call.

  • Cresco Labs Shows Record Cash Flow in FY24

    Cresco Labs Shows Record Cash Flow in FY24

    Cresco Labs Inc. today (March 13) released its financial and operating results for the fourth quarter and FY24. For the year, Cresco Labs reported:

    • Revenue of $724 million, record operating cash flow of $132 million, and free cash flowof $114 million.
    • Gross profit of $364 million. Adjusted gross profit of $374 million; and an adjusted gross margin of 52% of revenue, a 270 bps improvement year-over-year.
    • SG&A of $221 million. Reduced Adjusted SG&A by 12% year-over-year to $212 million, or 29% of revenue.
    • Net loss of $60 million which includes one-time, non-cash charges of $66 million, related to the company’s expected benefits from its updated 280E position, as initially described in the second quarter of 2024.
    • Adjusted EBITDA1 of $200 million, up 15% year-over-year; and Adjusted EBITDA margin1 of 28%, a nearly 510 bps improvement year-over-year.

    “In 2024, the team executed with discipline—streamlining operations, prioritizing profitability, and generating record free cash flow,” said Charlie Bachtell, Cresco Labs CEO and co-founder. “With $132 million in operating cash flow, a leading brand position in our core markets, and retail productivity that outperforms the industry, our foundation is stronger than ever. In 2025, we’re extending our focus to strategically deploy capital to create growth and maximize returns for the years ahead. It’s a straightforward approach: execute at the highest level, generate cash, reinvest in high-ROI opportunities, and repeat.

    “Kentucky is our first of these new market expansions—a strategic addition backed by clear regulations. As one of only two Tier 3 cultivators, we have up to 25,000 square feet of canopy, representing more than 20% of the state’s total allocation. This allows us to scale efficiently, serve patients quickly, and reinvest in our operations—just as we have in Illinois, Pennsylvania, and Ohio. Congratulations to the Cresco team on a phenomenal 2024 and Let’s Go in 2025!”

  • Turning Point to Host FY24 Conference Call

    Turning Point to Host FY24 Conference Call

    Turning Point Brands, Inc. announced that it will review its fourth-quarter and fiscal year 2024 results via a conference call on Thursday, March 6, 2025, at 10 a.m. EST.

    Those interested should call 10 minutes before the event begins and follow the prompts to register. The dial-in numbers are 800-715-9871 (U.S., toll-free) and 646-307-1963 (international). The event ID is 6640134.

    The call will also be broadcast live as a listen-only webcast from the investor relations section of the company’s website. The replay of the webcast will be available on the site two hours following the call.