CLAIM #50454 · PM (PM) · 2026Q2 earnings call · Jul 22, 2026 · due Dec 31, 2026
“With such an exciting lineup of new products to complement the existing portfolio, we plan to accelerate our U.S. investment in the second half.”
Emmanuel Babeau · CFO
How to check this claim
Look at: U.S. commercial/marketing investment spend (e.g., SG&A or brand support spend attributed to U.S. smoke-free/ZYN business) in second half 2026 versus first half 2026
It came true if: H2 2026 U.S. investment spend higher than H1 2026 U.S. investment spend
Where: Management commentary and segment financial disclosures in Q3 and Q4 2026 earnings calls/10-Q filings
In context
“Emmanuel Babeau: As a related aside, I will note that while scanner data typically provide a good directional indication of volume trend, it does not always fully capture the effective consumer price. We plan further extension in the coming months, including the introduction of 1.5 milligram and eight milligram dry formats in Q3. Together, these launches will broaden our offering with an expanded range of strengths and taste profiles, enabling us to better address the spectrum of legal-age consumer preferences and further strengthen our competitive positioning across segments. With such an exciting lineup of new products to complement the existing portfolio, we plan to accelerate our U.S. investment in the second half. This includes a comprehensive commercial program across marketing, distribution, and in-store execution with a rollout of our major new brand campaign, When it Clicks, starting this month to support brand engagement and consumer relevance.”
Verify independently
SEC filings for PM ↗ · Claim quote is verbatim from the 2026Q2 earnings call.