Philip Morris International is a leading global organization in the tobacco industry, primarily known for manufacturing and distributing a variety of smokeable products, including cigarettes and heated tobacco devices. The company is committed to transforming its business by investing in reduced-risk products, promoting alternatives to traditional smoking, such as e-cigarettes and heated tobacco products that aim to deliver nicotine without the harmful effects associated with combustion. With a strong emphasis on innovation and sustainability, Philip Morris International is actively shifting its focus towards a smoke-free future, striving to create a healthier environment while still engaging its customer base. Read More
Stocks making new highs tend to make even higher highs, particularly when positive earnings estimate revisions hit the tape. That’s precisely what Philip Morris and Sterling Infrastructure have enjoyed.
Philip Morris delivered results ahead of Wall Street’s expectations in Q1, driven primarily by strong momentum in its smoke-free product portfolio. Management credited the rapid growth of ZYN nicotine pouches and continued expansion of IQOS heated tobacco units as key contributors, with shipment volumes up significantly year over year. The company also benefited from improved manufacturing productivity and favorable shipment timing. CFO Emmanuel Babeau noted, “Our smoke-free business now accounts for 44% of total gross profit, as we continue to deploy our multi-category strategy across markets and broaden our growth opportunities.”
Philip Morris International Inc. (NYSE: PM) today issues an urgent call for effective policymaking to counter the growing threat of illicit trade in the EU. In 2024, 38.9 billion illicit cigarettes were consumed in the region—the highest level since 2015—accounting for 9.2% of total cigarette consumption, with governments losing as much as €14.9 billion in tax revenues at a time when many countries face intense economic pressures.
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Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Philip Morris (NYSE:PM) and the best and worst performers in the beverages, alcohol, and tobacco industry.
