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Philip Morris Jan-Mar 2021 Financial Results

English

Have you ever heard of Philip Morris (ticker symbol: PM), a U.S. stock?

It is one of the world’s largest cigarette manufacturers.

This time, I would like to introduce the company’s financial results for the period from January to March 2021, which were announced on April 20, 2021.

January to March 2021

EPS was $1.57, compared to the forecast of $1.40.

Net sales were $7.59 billion, compared to the forecast of $7.33 billion.

Sales growth rate was +6.0% YoY.

Shipment volume and YoY change by major brands are as follows

Marlboro’s shipments were 53.68 billion units, down 9.4% from the same period last year.

L&M’s shipment volume was 20.37 billion units, down 10.0% YoY.

Chesterfield’s shipment volume was 12.76 billion units, down 1.1% YoY.

Philip Morris’s shipment volume was 10.18 billion units, down 11.2% YoY.

Parliament’s shipments totaled 8.96 billion units, up 18.3% from the same period last year.

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