Philip Morris Continues To Reward Shareholders
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Philip Morris International reported strong Q3 2024 results with a 2.9% organic shipment volume growth and a double-digit revenue increase. The company's smoke-free portfolio is driving growth, with a 17% net revenue increase and 20% gross profit growth. Despite industry challenges, Philip Morris expects $15 billion in smoke-free net revenues for 2024 and a 7.5% YoY EPS growth, supporting strong shareholder returns.
December 02, 2024 | 6:45 pm
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Philip Morris International's Q3 2024 results show strong growth driven by its smoke-free portfolio, with a 17% net revenue increase and 20% gross profit growth. The company expects $15 billion in smoke-free net revenues for 2024 and a 7.5% YoY EPS growth, indicating robust shareholder returns.
The strong Q3 results and growth in the smoke-free segment indicate a positive outlook for Philip Morris. The expected $15 billion in smoke-free net revenues and 7.5% YoY EPS growth suggest continued strong shareholder returns, likely boosting investor confidence and stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100