CLAIM #50209 · PM (PM) · 2024Q4 earnings call · Feb 6, 2025 · due Dec 31, 2025
“We continue to target around nine hundred million tons of for the full year from our Kensington facility”
Emmanuel Babeau · CFO
In context
“the magnitude of growth and the tremendous effort made to maximize our pollution capacity. Win category share incrementally improved to the second ad reaching sixty five point nine percent in q four as we progress in increasing production further supported the growth of the category. Indeed. Category goes slow to me considering the summer peak of our supply constraint as shown on this chart. As the situation started to gradually improve, ZYN was again leading and outpacing the category. I am pleased to share that underlying demand for games from adult continued to grow in q four. And was higher than previously as We continue to experience some out of stock at retail, And while production capacity continues to increase, we now target full normalization sometime in the second half of 2025. We continue to target around nine hundred million tons of for the full year from our Kensington facility And as supply continues to improve, we will look to further extend growth beyond our existing consumer base to other legal entities. Our greenfield site, which is what I do, is due to come online in early twenty And we believe we are well positioned to capture this potential over the coming years. Responsible regulation of the industry is fundamental in supporting sustainable future growth for the dynamic category. We are therefore encouraged by the recent FDA authorization for the marketing and sale of all the nicotine pouches currently marketed in the US, following extensive As mentioned, this makes them the first and only authorized pet in the market. Among several consideration, we have a substantially lower amount of harmful constituent that's fixed. And all the smokeless tobacco pro”
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SEC filings for PM ↗ · Claim quote is verbatim from the 2024Q4 earnings call.