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Our model says the stock could reach 15% annual returns because we expect it to reach a 9x P/E multiple, which is slightly higher than where it trades today

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Menthols ex-smokers were more likely to relapse prior to ban Published in Tobacco Control, the study had also indicated that menthol smokers who quit smoking before the menthol ban, were also significantly less likely than non-menthol smokers who had quit, to start smoking again

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PMI identified the EU flavor ban as a headwind, contributing to a moderation in full-year 2025 heated tobacco unit in-market sales growth to 10.5%