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are you seeing any impact from higher gas prices because even Q2 volumes were strong?
despite the national expansion, volumes haven't accelerated significantly. So just wanted to check if there is any
why are you starting with just three states and not go out national from the start
that is not what I think the scanner data is suggesting. And it seems pricing is rather up for the larger players
anything in terms of overall industry demand for 2026, up 1%, 2% for the year
What gives you the confidence that IQOS IMS can accelerate again in Europe?
what gives you the confidence that Zen Ultra once it comes into the market, it can accelerate the growth again
looking at the growth in Europe, around 5.5%. Is it a bit lower than what you were expecting
the excise tax environment. We have seen some proposals from a few states planning to increase excise taxes