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Thu, Feb. 4, 3:00 PM
- Philip Morris International (PM -1.3%) is down for the day, although ahead of tobacco peers, after a largely in-line Q4 report.
- As always, capital allocation is a key question with the company.
- SA contributor Bill Maurer weighs in: "Lower earnings will hurt cash flow, and a rising share count won't allow for as much of a dividend raise."
- PM yields 4.60% at today's share price.
- Previously: Philip Morris lower after earnings (Feb. 4)
Thu, Feb. 4, 7:16 AM
- Philip Morris (NYSE:PM) reports revenue was up 4.0% in Q4 if currency swings and the impact of acquisitions are backed out.
- Operating income fell 24% Y/Y to $2B, driven lower by a 31% drop in European Union OI.
- Cigarette volume fell 2.4% to 209.8B units during the quarter.
- The company expects 2016 EPS of $4.25 to $4.35 at prevailing exchange rates vs. $4.42 consensus.
- Previously: Philip Morris EPS in-line, misses on revenue (Feb. 04 2016)
- PM -2.55% premarket to $87.50.
Thu, Feb. 4, 7:04 AM
- Philip Morris (NYSE:PM): Q4 EPS of $0.81 in-line.
- Revenue of $6.39B (-11.3% Y/Y) misses by $100M.
- Shares -3% PM.
Wed, Feb. 3, 5:30 PM
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Mon, Jan. 25, 12:00 PM
- Tobacco stocks and soft drinks names are mild outperformers on the day.
- Despite soft consumer spending trends, some retail analysts think 2016 sales for beer, cigarettes, and soft drinks will pick up in the U.S. as gas prices remain at low levels.
- Gainers today on a down market day include Dr. Pepper Snapple (DPS +1%), PepsiCo (PEP +0.7%), Coca-Cola (KO +0.7%), Coca-Cola Bottling Company (COKE +2.6%), Coca-Cola Enterprises (CCE +1.1%), Reynolds American (RAI +1.7%), Altrai (MO +1%), Philip Morris (PM +0.5%), and Anheuser-Busch InBev (BUD +0.7%).
- Speculation that anti-soda and cigarette advocate Michael Bloomberg might run for president doesn't appear to be creating even a ripple of worry.
- Previously: Michael Bloomberg is seriously considering running for president (Jan. 23 2016)
Wed, Jan. 20, 7:29 AM
- Sampoerna will look to extend its market share lead in Indonesia by bringing new stronger-flavoured cigarettes to the market, according to Reuters.
- Cigarette sales in Indonesia increased by 13% last year, despite a higher level of excise taxes which forced prices higher.
- Philip Morris (NYSE:PM) owns over 92.5% of Sampoerna.
Tue, Jan. 19, 7:06 AM| Tue, Jan. 19, 7:06 AM | 17 Comments
Dec. 23, 2015, 5:18 AM
- The European Court of Justice has issued a preliminary ruling against Philip Morris (NYSE:PM) and British American Tobacco (NYSEMKT:BTI), stating that the EU Tobacco Products Directive of 2014 is valid.
- The law, which comes into force in 2016, requires pictorial health warnings across 65% of tobacco packets, a ban on menthol cigarettes by 2020, and preserves the right of member states to introduce "plain packaging" rules.
- The news is a heavy blow to Big Tobacco, although the court still has to deliver a final ruling.
Dec. 18, 2015, 2:59 AM
- Philip Morris (NYSE:PM) has lost a protracted and costly international legal battle with Australia over laws requiring its products to be sold in plain packaging with graphic health warnings under legislation passed in 2011.
- Australia was the first country in the world to force manufacturers to strip all branding from cigarette packets, most of which are now sold over the counter from blank fronted cabinets, although other countries have followed its lead.
Dec. 9, 2015, 10:06 AM
- A government sponsored study by scientists from Harvard University found a link between chemicals used to give candy flavoring to e-cigarettes and a dangerous health condition called "Popcorn Lung."
- A high percentage of the flavored liquids used in e-cigs contained the dangerous chemical diacetyl.
- Related stocks: MO, BTI, LO, PM, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, RAI, OTC:AHII, OTCQX:ITYBY.
Dec. 9, 2015, 9:26 AM
Nov. 18, 2015, 10:42 AM
- Philip Morris International (PM +0.6%) backed prior 2015 EPS guidance of $4.35 to $4.40 during a presentation today at the Morgan Stanley Global Consumer & Retail Conference.
- Management also highlighted the launches of the reduced-risk iQPS product in new global markets.
- Capital allocations plans and industry trends were also detailed.
- The company plans to issue 2016 EPS guidance in February.
- Philip Morris MS conference webcast
Nov. 18, 2015, 7:22 AM
- E-cigarette sales growth is down in recent months, while sales declines for traditional cigarettes have moderated to better-than-anticipated levels, according to industry data.
- Wells Fargo analysts Bonnie Herzog thinks some consumers have become "disenchanted" with e-cigs and returned to cigarettes. Cigalikes sales have also slumped over the last month.
- A backlog of e-cigarette inventory could pressure pricing.
- Related stocks: MO, BTI, LO, PM, OTCQB:ECIG, OTCQB:VAPE, OTCPK:HPNN, OTCQB:MCIG, OTCQB:NTRR, OTCPK:VAPR, RAI, OTC:AHII, OTCQX:ITYBY, OTCPK:VTCQ, VPCO, BTI, OTCQX:ITYBY, OTCPK:JAPAY.
Nov. 10, 2015, 3:55 PM
- Executives with Philip Morris (NYSE:PM), Coca-Cola (NYSE:KO), and Anheuser-Busch InBev (NYSE:BUD) will be part of the group facing tough questions from the European Commission at a hearing next week. At issue are the terms and conditions of favorable tax arrangements with member EU nations.
- The EC's tax committee can announce a non-binding recommendation at the end of the month.
Oct. 15, 2015, 7:31 AM
- Philip Morris (NYSE:PM) reports revenue rose 5.9% if the impact of the currency swings is backed out.
- Cigarette volume down 1.5% to 218.911B for the quarter.
- European Union revenue dropped 13.4% to $2.04B.
- Eastern Europe, Middle East & Africa revenue slipped 13.8% to $2.1B.
- Asia revenue fell 11.1% to $1.98B.
- Latin America & Canada revenue -3.5% to $804M.
- Adjusted operating margin declined 10 bps to 43.8%.
- FY2015 Guidance: Diluted EPS: $4.35 to $4.40; Adjusted EPS: +11% to +12%.
Oct. 15, 2015, 7:15 AM
- Philip Morris (NYSE:PM): Q3 EPS of $1.24 beats by $0.13.
- Revenue of $6.93B (-11.8% Y/Y) beats by $170M.
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