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There are a couple of factors that have weighed on the consumer packaged goods space more broadly, says Erin Lash, director of consumer sector equity research for Morningstar Research Services

Influencers: Influencers, including public figures like Tucker Carlson, are promoting nicotine pouches, which can influence teenagers

Profits are harder to forecast, but Phillip Morriss consistent 40-45% EBITDA margin on 30% reduced risk share has shown that these products can be as profitable as traditional tobacco sales once the business has scaled

doi:10 } : ISBN / Date incompatibility (help) Chemistry of the Elements (2nd ed.)