Market Share And DistributionNJOY grew distribution to 82,000 stores, up from 76,000 in 4Q and aims for 100,000 outlets by year end.
Product AuthorizationFDA announced the authorization of four NJOY menthol flavored products, the first menthol e-vapor authorizations issued by the agency.
Shareholder ReturnsA 9% dividend yield alongside an accelerated buyback means double-digit total shareholder returns are likely.