Philip Morris International Inc. (PM)
Philip Morris International Inc. (PM) Q2 2024 Earnings Call Transcript
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 delays U.S. heated tobacco device pilot to fourth quarter
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.
Has Philip Morris International (PM) Outpaced Other Consumer Staples Stocks This Year?
Here is how Philip Morris (PM) and Vital Farms (VITL) have performed compared to their sector so far this year.
Philip Morris (PM) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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) Tops Q2 Earnings and Revenue 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 International Conquers The Ever-Changing World
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.
Higher HTU Sales To Drive Philip Morris' Q2?
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.
Health Advocates Target the U.S. Launch of Philip Morris' Heated Tobacco Products. Is the Stock in Trouble?
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.
Will Philip Morris (PM) Top Estimates in Q2 Earnings Release?
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.
Philip Morris Surges to 2-Year High Before Earnings
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.
Philip Morris' (PM) New Investment to Fuel Smoke-Free Growth?
Philip Morris' (PM) announcement of a $600 million investment to establish a manufacturing facility in Aurora, CO, presents several strategic advantages and promising growth opportunities.
Philip Morris to open $600M plant in Colorado to meet surging demand for Zyn nicotine pouches
The nicotine pouches have spiked in popularity among young adults and teens.
