PM · News · 20260807N

Competition and Market Share

Philip Morris International Inc. · 2026-08-07 · Importance 51 · Surprise 64

Turning Point Brands reported rapid growth in its Modern Oral business, with gross sales up 149% year over year and net sales up 128%. Modern Oral represented 48% of Turning Point Brands’ total revenue, indicating intensifying competition in the evolving nicotine-consumption category. The company is expanding retail distribution and its sales force, while evaluating future U.S. manufacturing capacity to support longer-term growth and market-share gains.

Key facts

• Assenagon Asset Management S.A. increased its stake in Philip Morris International by 310.4% during the second quarter and now owns 788,905 shares valued at over $142 million. source