Tue, Jul. 19, 7:18 AM
- Philip Morris (NYSE:PM) reports revenue rose 1.4% if the impact of the currency swings is backed out in Q2.
- European Union revenue grew 4.6% to $2.16B.
- Eastern Europe, Middle East & Africa revenue declined 9.9% to $1.66B.
- Asia revenue slipped 0.6% to $2.13B.
- Latin America & Canada revenue decreased 13.6% to $697M.
- Cigarette shipment volume dropped 4.8% to 209.29B units.
- The brands with the highest cigarette shipment volume growth for the quarter were Chesterfield +9.3% and Parliament +3.4%.
- Gross margin rate squeezed 140 bps to 22.5%.
- Adjusted operating margin -70 bps to 42.7%.
- FY2016 Guidance: Adjusted EPS: $4.45 to $4.55 (~+10% to +12%).
- PM -0.97% premarket.
Fri, Jun. 24, 1:22 PM
- U.S. tobacco stocks are higher, bucking today's broad downturn, as investors view the group as a relatively safe haven in a risk-off environment.
- Shares of Altria (MO +2.2%), the no. 1 U.S. cigarette maker, hit a 52-week high of $67.98 earlier and continue to sport solid gains, and Reynolds American (RAI +1.8%) remains strong after touching a more than three-month high of $51.84.
- "With Brexit potentially delaying a rate hike in the U.S., this move likely favors our higher-yielding names, and in particular U.S. tobacco (RAI and MO)," according to analysts at Cowen.
- However, Philip Morris International (PM -3%), which generated more than a third of its revenue from the European Union last year, is sharply lower.
Tue, Apr. 19, 6:08 AM
- Philip Morris (NYSE:PM) reports revenue rose 2.4% if the impact of the currency swings is backed out in Q1.
- European Union revenue down 4.5% to $1.86B.
- Eastern Europe, Middle East & Africa revenue decreased 10.2% to $1.6B.
- Asia revenue squeezed 8.7% to $1.97B.
- Latin America & Canada revenue dropped 10.5% to $650M.
- Cigarette volume excluding acquisitions fell 1.4% to 196.04B units.
- Gross margin rate declined 160 bps to 23.7%.
- Adjusted operating margin 280 bps to 41.9%.
- FY2016 Guidance: Adjusted EPS: $4.40 to $4.50 (~+10% to +12%).
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)
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%.
Jul. 16, 2015, 7:08 AM
- Philip Morris (NYSE:PM): Q2 EPS of $1.21 beats by $0.08.
- Revenue of $6.86B (-12.1% Y/Y) beats by $130M.
- Shares +1.7% PM.
Apr. 16, 2015, 12:40 PM
- Philip Morris ((NYSE:PM) +7.7%) rallies after smashing earnings and raising guidance above estimates and its prior view.
- The tobacco company also surprised on the volume side with gains in its Europe Union and Eastern Europe/Middle East/Africa regions.
- Despite some F/X hits, Philip Morris was able to exert some pricing pressure during the quarter to help boost results, note analysts.
- Shares of Philip Morris are at their highest level since mid-January.
- Previously: Philip Morris beats by $0.15, beats on revenue
- Previously: More on Philip Morris' Q1
Apr. 16, 2015, 9:12 AM
Apr. 16, 2015, 7:36 AM
- Philip Morris (NYSE:PM) reports cigarette volume rose 1.4% to 198.8B in Q1.
- European Union revenue fell 6.0% to $1.89B.
- Eastern Europe, Middle East & Africa revenue down 8.3% to $1.84B.
- Asia revenue -1.2% to $2.16B.
- Latin America & Canada revenue grew 1.8% to $726M.
Adjusted operating margin +70 bps to 44.7%.FY2015 Guidance: Diluted EPS: $4.32 to $4.42
- PM +2.39% premarket.
Oct. 10, 2014, 10:47 AM
- Consumer staples stocks are in favor again with investors taking a defensive posture.
- PepsiCo (PEP +1.6%), Mondelez International (MDLZ +0.6%), Procter & Gamble (PG +1.5%), and Philip Morris (PM +1.4%) are notable out-performers.
- The Consumer Staples Select ETF (NYSEARCA:XLP) is up 1.02% on the day.
Aug. 6, 2014, 10:00 AM
- Tobacco stocks are higher today in what analysts are calling a defensive move by investors.
- There's also been some stronger pricing trends on the lower-end of the cigarette market that has helped to boost the outlook on the group.
- Gainers: Philip Morris (PM +2.2%), Reynolds American (RAI +1.6%), Vector Group (VGR +1.4%), and Altrai (MO +1.9%).
Jul. 15, 2014, 10:53 AM
- Tobacco stocks slump as a group after Lorillard doesn't catch the premium in the Reynolds American buyout that some anticipated.
- Even Imperial Tobacco which ended up with the hot Blu e-cigarette brand as part of the deal is having trouble shaking off the pessimism.
- Decliners: Lorillard (NYSE:LO) -7.9%, Philip Morris (NYSE:PM) -1.3%, Altria (NYSE:MO) -2.1%, Vector Group (NYSE:VGR) -0.8%, Reynolds American (NYSE:RAI) -4.0%, Imperial Tobacco (OTCMKTS:ITYBY) -2.8%, British American Tobacco (NYSEMKT:BTI) -1.4%.
Nov. 21, 2013, 1:32 PM| Nov. 21, 2013, 1:32 PM | 13 Comments
Oct. 18, 2012, 10:57 AM
Tobacco stocks slump after the Q3 report from Philip Morris (PM -2.9%) comes in sluggish. Despite higher prices, the industry is having trouble keeping demand up as governments start to enact stricter packaging and marketing rules across the globe. Decliners: British American (BTI -0.7%) -0.7%, Lorillard (LO -0.3%) -0.5%, Reynolds American (RAI -0.6%) -0.7%, Altria (MO -1%) -1.1%.| Oct. 18, 2012, 10:57 AM
Jul. 19, 2012, 8:57 AM
More on Philip Morris International (PM): Strong demand in Asia only partially offset overall lower cigarette volume and foreign exchange losses. Europe saw the sharpest drop in volume, with a 9.4% decline. The company reiterates its full-year EPS forecast of $5.10 to $5.20. Shares +1.1% premarket. (PR)| Jul. 19, 2012, 8:57 AM | 2 Comments
Feb. 9, 2012, 2:59 PM
Philip Morris (PM +2.7%) is up today after beating Q4 estimates on both EPS and revenue. Net profit climbed 7.6% Y/Y as the tobacco company notched strong volume growth in Asia. In its conference call, CEO Louis Camilleri says pricing will be a tailwind for the cigarette maker this year, and it's already initiated price hikes in several key markets, including Germany, Indonesia and Russia. (conference call webcast here)| Feb. 9, 2012, 2:59 PM | 2 Comments