Huge sales of the nicotine patch Zyn have sent Philip Morris's stock to an all-time high

• Philip Morris International banal surged 10% aft beardown Q3 gross and profit guidance.
• Zyn nicotine pouch income grew 41% successful nan US successful nan 3rd quarter.
• Zyn continues to beryllium a deed pinch young professionals and those looking to suffer weight.

Nicotine pouch shaper Zyn is connected a roll, and it's boosting nan company's bottommost line.

Zyn shaper Philip Morris International's banal roseate 10% connected Tuesday aft nan institution reported better-than-expected third-quarter gross and raised its full-year profit guidance. The summation was nan biggest successful complete a decade and brought nan institution banal value to a grounds high.

PMI, which produces Marlboro cigarettes extracurricular nan US, reported gross of $9.9 cardinal for nan 3rd quarter, an 8.4% summation year-to-year.

The institution has hit expert expectations for 3 consecutive quarters and its banal is up complete 37% year-to-date.

Third-quarter income of mega-hit nicotine pouch Zyn grew 41% successful nan US and 70% internationally, despite a mini summation successful prices, main financial serviceman Emmanuel Babeau said connected Tuesday's net call.

Zyn's capacity comes amid PMI's push for much smoke-free alternatives, arsenic consumers and governments shun accepted baccy products. The institution said smoke-free products, which see Zyn and IQOS vapes, accounted for 40% of profits this quarter.

The chewing-gum-like oral pouches, which are celebrated pinch young professionals, person been successful short supply crossed nan state this year. PMI is building a mill successful Colorado successful 2025 to easiness immoderate of its US proviso concatenation tensions, Babeau said successful June.

The flavored nicotine pouches person been disposable successful nan US since 2014 but person boomed successful fame recently. They person go a pick-me-up for office employees looking to consciousness much productive, and are a favourite for high-powered Wall Street traders and Republican lawmakers alike. Loyal users of these pouches person said that Zyn helped them lose weight, comparing them to nan viral weight-loss supplier Ozempic.

Medical experts and research studies pass nicotine tin beryllium addictive and tin person harmful effects connected nan body, and location are nary studies astir nicotine's effectiveness successful weight-loss, Business Insider previously reported.

The Food and Drug Administration has been cracking down connected underage Zyn sales. Earlier this year, nan agency said it sent 119 informing letters to retailers and revenge 41 civilian complaints for income of Zyn to underage buyers past twelvemonth and this year.

In June, PMI received a lawsuit from nan District of Columbia's lawyer wide astir online income of flavored nicotine products, which person been banned successful DC since October 2022.