Philip Morris is a growth stock again as shares hit all-time high on Zyn demand boom
Part of that growth is due to easing supply constraints for the product. Shipments of Zyn cans in the U.S. rose more than 41% in the third quarter from the same three-month period in 2023. Philip Morris expects Zyn shipments to match demand "at some point" during the fourth quarter, Babeau said.