Philip Morris' (PM) Smoke-Free Strength & Pricing Bode Well [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
The consistent success of IQOS and the impressive growth of ZYN have solidified the company's position, keeping it well-placed to become a majority smoke-free company by 2030. Smoke-Free Transition on Track Given consumers' rising inclination toward reduced-risk products (RRPs), Philip Morris is progressing well with its business transformation, with smoke-free products generating 39.3% of the company's net revenues in the fourth quarter of 2023. The company aims to generate more than two-thirds of its total revenues from smoke-free products by 2030. To this end, the company's IQOS, a heat-not-burn device, counts among one of the leading RRPs in the industry. In the fourth quarter, IQOS surpassed Marlboro in net revenues, becoming the leading international nicotine brand. The company expects such advanced and high-quality products to aid adult smokers in switching from traditional cigarettes to smoke-free options. IQOS ILUMA is expected to aid continued solid IQOS user growth in
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News
- 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
- Company News for Apr 24, 2024 [Yahoo! Finance]Yahoo! Finance
- Philip Morris International Inc. (NYSE:PM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Philip Morris International Inc. (NYSE: PM) had its price target raised by analysts at Stifel Nicolaus from $108.00 to $115.00. They now have a "buy" rating on the stock.MarketBeat
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