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Philip Morris (PM)
NYSE:PM
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.61Last Year’s EPS
1.5Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 3.74%
|Next Earnings Date:Jul 22, 2025
Earnings Call Sentiment|Positive
Philip Morris International's earnings call for the first quarter of fiscal year 2025 highlighted strong growth in its smoke-free product segment and significant margin expansion, driven by increases in shipment volumes and net revenue. However, challenges such as unfavorable geographic mix, currency volatility, and supply constraints for ZYN were noted. Despite these challenges, the positive performance in key growth metrics and strategic initiatives outweigh the lowlights, indicating a positive outlook for the company.Company Guidance
During the Philip Morris International 2025 First Quarter Results Conference Call, a robust performance was reported with double-digit growth in various metrics. The company's smoke-free business saw a 14.4% increase in shipment volumes, a 20% rise in organic net revenue, and a 33% jump in gross profit. Smoke-free products accounted for 44% of the total gross profit. The ZYN product line experienced a 53% surge in shipments, reaching 202 million cans, while international nicotine pouch volumes grew by 53% or 182% excluding the Nordics. Overall, Philip Morris International achieved a 16% organic operating income growth, with a 250 basis point expansion in adjusted operating income margin to 40.7%, and a 17.3% increase in adjusted diluted EPS in constant currency. The company revised its 2025 adjusted diluted EPS forecast to $7.36 to $7.49, reflecting a 12% to 14% growth in dollar terms.Strong Start to Fiscal Year 2025
Philip Morris International (PMI) reported a strong start to 2025 with double-digit increases in organic net revenue, operating income, and adjusted diluted EPS in both constant currency and dollar terms.
Exceptional Performance in Smoke-Free Business
Shipment volumes for smoke-free products increased by 14.4% year-on-year, with organic net revenue growth of 20% and gross profit growth of 33%. Smoke-free products now account for 44% of total gross profit.
ZYN's Impressive Growth
ZYN shipments in the US increased by 53% to 202 million cans, exceeding initial expectations due to strong demand and increased production capacity.
Solid Combustible Business Performance
Combustible volumes grew for the fourth consecutive quarter, driven by strong pricing and cost initiatives, despite an unfavorable geographic mix.
Margin Expansion
Strong organic operating income growth of 16% with a 250 basis points expansion in adjusted operating income margin to 40.7%.
Successful Multi-Category Strategy
PMI's multi-category strategy is generating positive results in markets like the Czech Republic, Romania, and Switzerland.
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PM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | $164.11 | $168.11 | +2.44% |
| Feb 06, 2025 | $129.83 | $144.05 | +10.95% |
| Oct 22, 2024 | $116.62 | $128.83 | +10.47% |
| Jul 23, 2024 | $103.95 | $106.22 | +2.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Philip Morris (PM) report earnings?
Philip Morris (PM) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Philip Morris (PM) earnings time?
Philip Morris (PM) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PM EPS forecast?
PM EPS forecast for the fiscal quarter 2025 (Q1) is 1.61.
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