Philip Morris Q1 Earnings Preview: Throwback To Reality Imminent?

frostiix
2023-04-20

PM has an excellent first quarter.

  • Reported net revenues up by 9.6%, excluding currency.

  • Market share for HTUs in IQOS markets up by 0.9 points to 9.0%. (wait until IQOS launches in the US next year, it will be a slam-dunk)

  • Adjusted in-market sales volume for HTUs, which excludes the net unfavorable impact of estimated distributor and wholesaler inventory movements, up by 16%.

  • ZYN nicotine pouch (NP) shipment volume in the U.S. of 73.2 million cans, representing growth of 46.7% versus first-quarter 2022 Swedish Match shipments of 49.9 million cans

With the market as jittery as it is, we may get more opportunities to buy. Those who are patient will be amply rewarded, I am sure. No need to succumb to fear of missing out (even though that's often easier said than done). $Philip Morris(PM)$

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