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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Philip Morris

Malboro is an American brand of cigarettes, currently owned and manufactured by Philip Morris USA. It is sold globally and one of the most popular ciggarettes in the world.

Malboro

Philip Morris International, Inc. is a holding company, which engages in the business of delivering a smoke-free future and evolving a portfolio for the long term to include products outside of the tobacco and nicotine sector. It operates through the following geographical segments: Europe Region (Europe), South and Southeast Asia, Commonwealth of Independent States, Middle East, and Africa Region (SSEA, CIS, and MEA), East Asia, Australia, and PMI Duty Free Region (EA, AU, and PMI DF), and Americas Region (Americas). The Europe segment includes all the European Union countries, Switzerland, the United Kingdom, Ukraine, Moldova, and Southeast Europe. The SSEA, CIS, and MEA segment focuses on South and Southeast Asia, the African continent, the Middle East, Turkey, Israel, Central Asia, Caucasus, and Russia. The EA, AU, and PMI DF segment is involved in the consolidation of international duty-free business with East Asia and Australia. The Americas segment is comprised of the United States, Canada, and Latin America. The company was founded by Philip Morris in 1847 and is headquartered in Stamford, CT.

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Philip Morris excels in 2022, eyes growth through sustainability

Philip Morris navigated challenges in 2022 to deliver strong results and is poised for continued growth in 2023. By focusing on smoke-free products, sustainability, and strategic investments, PM is positioning itself for long-term success despite geopolitical and economic headwinds.

Philip Morris beats Q1 expectations with strong IQOS performance

Philip Morris delivered a strong Q1 performance driven by IQOS, ZYN, and combustibles.
Despite challenges like currency devaluation and volume declines, PMI remains optimistic.
Future opportunities lie in organic growth, commercial investments, and smoke-free product expansion.
Overall, PMI aims for continued growth in 2023 with a focus on key product lines.

Philip Morris (PM) reports record earnings, eyes growth in smoke-free products

Philip Morris International (PM) delivered strong financial performance in Q2 2023, driven by the success of ZYN and IQOS. The company is focused on maximizing the potential of its smoke-free business, particularly IQOS and ZYN, while addressing challenges in deleveraging the balance sheet and potential M&A. Opportunities for growth include expanding market presence for ILUMA and maintaining strong performance in combustibles.

Philip Morris reports strong Q3 earnings driven by smoke-free products

Philip Morris International's Q3 performance was robust, driven by smoke-free products like IQOS and ZYN. Despite challenges like inventory concerns and currency impacts, the company is focused on growth opportunities and investment in key markets. Strong outlook for organic income growth and continued focus on reduced-risk products.

Philip Morris excels in smoke-free products, eyes global expansion

Philip Morris delivered strong results in 2023, driven by smoke-free products. Despite challenges like currency impacts and regulatory concerns, the company aims for continued growth and market expansion.

Philip Morris (PM) surpasses Q1 expectations, faces currency challenges

Philip Morris (PM) delivered strong Q1 2024 results driven by IQOS and ZYN businesses, exceeding expectations across key financial metrics. The company faces challenges from currency headwinds, geopolitical factors, and supply chain tensions. Strategic pricing actions and market expansion present growth opportunities.

Philip Morris excels in Q2 2024 with strong product growth

Philip Morris' Q2 2024 performance showcased strong growth in key products and markets, with a focus on responsible marketing and growth strategies for smoke-free offerings. The company remains optimistic about future growth prospects despite challenges.

Philip Morris excels in Q3, raises guidance on strong performance

Philip Morris International Inc. reported exceptional Q3 results, surpassing expectations and demonstrating strong performance across its portfolio. Despite challenges such as supply constraints and illicit product concerns, the company remains focused on growth opportunities, including expanding production capacity and advancing sustainability efforts.

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Philip Morris International is up 20% year to date on continued strong growth. It has stable cigarette volumes and a fast-growing smoke-free products business.

Philip Morris International: Time to Buy the Ultimate Dividend Growth Stock?

Philip Morris stock is up due to strong volume gains at its new nicotine pouch business and healthy profit growth. The company has a stable international cigarette business.

Huge News For Philip Morris International Stock: Here's What Comes Next

Philip Morris International posted strong Q2 results and once again upped its full-year guidance. Zyn continues to be the big growth driver for the company.

Philip Morris International Just Raised Guidance Again. Is Now a Great Opportunity to Buy the Stock?

PM continues to demonstrate why it is the best of breed tobacco stock, thanks to its growing combustible sales volume and the Smoke-Free approaches already accretive to its top/ bottom-lines. Our previous ZYN thesis has also played out as expected, attributed to the double digit YoY growth in its nicotine pouch sale volume globally in FQ2'24. With the management already guiding higher US nicotine pouch sales volume and capex in 2024, ZYN may remain a growth driver moving forward, thanks to the Swedish Match acquisition.

Philip Morris: Double-Digit Upside Still Possible - Thanks To Robust Tobacco Monetization

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Philip Morris is shifting towards smoke-free products to reduce harm caused by smoking, aiming for smokeless products to generate over two-thirds of total net revenues by 2030. Strong performance in 2Q with increased demand for Zyn nicotine pouches led to a raised forecast for net income growth. Despite the controversial past, Philip Morris' shares continue to be a strong buy, with impressive revenue growth and transition towards smoke-free products showing promising results.

Philip Morris: Strong Sales, Lower Health Risks From Smokeless Products

Management reported a strong Q2 with solid performance from core tobacco and impressive growth from smokeless products. The cigarette business remains in a long-term downtrend.

Philip Morris's Latest Earnings Call Is Boosting the Stock, but Do Tobacco Products Have Long-Term Staying Power?

Shares of Philip Morris International have outperformed the S&P 500 since my previous buy rating. The blue-chip's net revenue and currency-neutral adjusted diluted EPS climbed higher in the second quarter. PM's leverage ratio makes it financially sound.

Philip Morris: There Is Still Some Value Left

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Philip Morris International (PM) shares rose Tuesday to their highest level in more than two years after the tobacco giant posted better-than-expected results and raised its full-year outlook on growing demand for its smokeless products.

Philip Morris Gains on Earnings Beat, Raised Outlook

Philip Morris' (PM) second-quarter 2024 results reflect continued strength in pricing and the company's smoke-free business. Management raises guidance despite adverse currency fluctuations.

Philip Morris (PM) Ups View on Q2 Earnings Beat: Pricing Aids

Philip Morris International Inc. (NYSE:PM ) Q2 2024 Results Conference Call July 23, 2024 9:00 AM ET Company Participants James Bushnell - VP, IR, and Financial Communications Emmanuel Babeau - Chief Financial Officer Conference Call Participants Gaurav Jain - Barclays Bonnie Herzog - Goldman Sachs Matt Smith - Stifel Faham Baig - UBS Owen Bennett - Jefferies Callum Elliott - Bernstein Priya Ohri-Gupta - Barclays Operator Good day, and thank you for standing by. Welcome to the Philip Morris International Inc. 2024 Second Quarter Results Conference Call.

Philip Morris International Inc. (PM) Q2 2024 Earnings Call Transcript

Philip Morris International pushed the test-launch of its heated tobacco device, IQOS, in the U.S. to the fourth quarter on Tuesday and lowered its annual forecast for the heated tobacco business.

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter

Here is how Philip Morris (PM) and Vital Farms (VITL) have performed compared to their sector so far this year.

Has Philip Morris International (PM) Outpaced Other Consumer Staples Stocks This Year?

While the top- and bottom-line numbers for Philip Morris (PM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Philip Morris (PM) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Philip Morris (PM) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.60 per share a year ago.

Philip Morris (PM) Tops Q2 Earnings and Revenue Estimates

Philip Morris International raised its annual profit forecast on Tuesday, banking on higher cigarette prices and its growing nicotine pouch brand ZYN while trimming the outlook for its core heated tobacco business.

Philip Morris raises profit forecast as nicotine pouch demand grows

Philip Morris International Inc.'s stock PM, +0.09% rose 1.8% in premarket trading on Tuesday after the tobacco giant's second-quarter adjusted profit came in ahead of Wall Street analyst estimates. Philip Morris said its profit for the three months ended June 30 increased by 34% to $3.44 billion, or $1.54 a share, from $2.57 billion, or $1.01 a share in the year-ago quarter.

Philip Morris International profit jumps 34% in ‘outstanding' quarter

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2024 second-quarter and first-half results.1 “The excellent momentum of our smoke-free business continued with an outstanding second-quarter and first-half performance,” said Jacek Olczak, Chief Executive Officer. “The powerful combination of excellent underlying performance and proactive measures across all categories enabled our business to outperform once again, and we are on.

Philip Morris International Reports 2024 Second-Quarter and First-Half Results and Raises Full Year Guidance

PM's smokeable portfolio is less susceptible to the trends underlying the cigarette volume declines. The Company delivered impressive growth of its smoke-free portfolio and is set to reach its 2030 Vision. I don't see a strong upside through multiple appreciation in the short term. However, PM's long-term owners are highly likely to benefit greatly.

Philip Morris International Conquers The Ever-Changing World

Philip Morris (NYSE: PM) is scheduled to report its Q2 2024 results on Tuesday, July 23. We expect the company to post revenue and earnings marginally below the consensus estimates.

Higher HTU Sales To Drive Philip Morris' Q2?

No less than six health and consumer groups are teaming up to oppose the planned IQOS rollout in this country. They are lobbying the Food and Drug Administration to keep the product off U.S. store shelves.

Health Advocates Target the U.S. Launch of Philip Morris' Heated Tobacco Products. Is the Stock in Trouble?

Philip Morris' (PM) Q2 results are likely to reflect gains from smoke-free products like IQOS and ZYN, along with efficient pricing amid elevated costs.

Will Philip Morris (PM) Top Estimates in Q2 Earnings Release?

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Philip Morris International Inc.   (NYSE:PM) stock was last seen up 1.5% to trade at $107.66, ahead of the tobacco giant's second-quarter earnings report, due out before the open on Tuesday, July 26.

News for Philip Morris Stock (PM)