Philip Morris (PM) Smoke-Free Options Aid Amid Volume Concerns [Yahoo! Finance]
Philip Morris International Inc (PM)
Last philip morris international inc earnings: 4/21 06:59 am
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US:NYSE Investor Relations:
pmi.com/investor-relations/overview
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Source: Yahoo! Finance
products (RRPs). Markedly, smoke-free products generated 39.3% of the company's net revenues in the fourth quarter of 2023. Philip Morris aims to generate more than two-thirds of its total revenues from smoke-free products by 2030. Apart from this, the company enjoys pricing power as although higher pricing might lead to a possible decline in cigarette consumption, it is seen that smokers tend to absorb price increases due to the addictive quality of cigarettes. These upsides and a focus on key strategies for 2024 bode well amid elevated costs and soft cigarette volumes. For 2024, management expects net revenues to increase 6.5-8% on an organic basis. Strategic Priorities Underway Philip Morris highlighted its strategic priorities for 2024, which revolve around driving sustained growth and innovation across key product lines. The company's first priority is supporting the continued success of IQOS through continuous innovation, focusing on maximizing user growth with the rollout
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News
- Analysis-Philip Morris faces key test with US heated tobacco push [Yahoo! Finance]Yahoo! Finance
- Philip Morris Stock Has 24% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- In 4 Days, Philip Morris Stock Becomes an Even Better Investment [Yahoo! Finance]Yahoo! Finance
- Philip Morris (PM) International Revenue in Focus: Trends and Expectations [Yahoo! Finance]Yahoo! Finance
- Philip Morris Beats Estimates in Q1 Earnings: ETFs in Focus [Yahoo! Finance]Yahoo! Finance
PM
Earnings
- 4/23/24 - Beat
PM
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 144
- PM's page on the SEC website