vested
Philip Morris International Shares Tumble: Time to Run for the Hills or Buy the Dip?by Geoffrey Seiler
Key Points
Philip Morris International shares fell after the company's second-quarter report, despite strong earnings and increased EPS guidance.
The company is expecting to see
cigarette sales volumes decline in the second half.
The real story at Philip Morris is about the continued
strong growth of Zyn and Iqos.Shipments of the popular Zyn nicotine pouches jumped 40% in the U.S. to 190 million cans in Q2, while retail sales volumes (offtake) grew by 26% in the quarter and by 36% in June.
Outside of the U.S. and Nordic countries, Zyn shipments more than doubled, and it is now available in 44 markets. Overall oral product shipments climbed 23.8% on a pouch basis.
Sales volumes of its heated tobacco units (HTUs), including the Iqos system, jumped nearly 9.2% to 38.8 billion units.
Source: The Motley Fool
https://www.aol.com/finance/philip-morr ... 00428.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"