Philip Morris USA Inc.

Richmond, VA United States

 

Company Description

Where there's smoke, there may just be Americans lighting up Philip Morris USA (PM USA) products. The subsidiary of tobacco giant Altria Group is the #1 cigarette maker in the US; PM USA holds half the nation's retail cigarette market. Its Marlboro brand, alone, accounts for more than 40% of cigarette retail sales in the country. Other brands include Virginia Slims and Parliament, and discount brands Basic and L&M. The company also makes Marlboro Snus, a smokeless, spit-free, tobacco pouch, in the US. All told, cigarettes generate more than 80% of the parent's revenues. Like industry rivals, PM USA faces declining cigarette sales volumes coupled with rising state and federal excise taxes and FDA regulation.