PMI’s Drop in Cigarette Sales Steeper Than Predicted

As smoking rates keep has dropping across the globe, PMI has reported revenue excluding excise taxes of $6.9 billion, less than the $7.03 billion predicted, while shares slipped by as much as 15% in New York. In fact, cigarette shipments fell 5.3 percent in the first quarter, offsetting a rise in iQOS deliveries.AdvertisementBook your ad