Cigarette Maker Philip Morris Beats On Q4 Earnings; Provides Positive FY22 Forecast
Philip Morris International Inc (NYSE:PM) reported fourth-quarter FY21 sales growth of 8.9% year-on-year, to $8.10 billion, beating the analyst consensus of $7.76 billion. Cigarette and heated tobacco unit shipment volume increased by 4.2% Y/Y, with 17.6% growth in the Middle East & Africa. Marlboro shipment volume improved 8.9%. Shipment volume for Chesterfield increased 22.7%, mainly…
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