Health
Big Tobacco gets a big boost from the pandemic – The Sydney Morning Herald
The pandemic has proven to be lucrative for global tobacco giants like Phillip Morris.
In recent weeks, tobacco companies Philip Morris International, Japan Tobacco, Imperial Brands and Altria Group all raised their sales or profit targets, saying the industry had done better than expected, mostly in the United States and Europe. Imperial said staying home in the pandemic gave people more chances to smoke and more cash to spend.
Overall, tobacco sales, which have been declining for years, are still falling, many people are still trying to quit, and the picture is mixed globally. For…
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