Why Is Marlboro Maker Philip Morris Stock Shooting Higher Today?


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Philip Morris International Inc (NYSE:PM) reported first-quarter FY24 sales growth of 9.7% year-on-year to $8.793 billion, beating the analyst consensus estimate of $8.468 billion.

The smoke-free business accounted for 39% of the company's total net revenues.

Cigarette and Heated Tobacco unit (HTU) shipment volume in first-quarter grew by 3.1% Y/Y, reflecting growth of 20.9% for HTUs and a decline of 0.4% for cigarettes.

Adjusted EPS of $1.50 beat the consensus estimate of $1.41.

Marlboro cigarette shipment volume increased by 1.7% to 56.9 billion units. Revenue from smoke-free products increased 21.1% Y/Y to $3.4 billion.

Adjusted operating margin for the quarter expanded from 37.3% to 38.2%, with $3.36 billion in adjusted operating income.

The company held $3.9 billion in cash and equivalents as of March-end.

Jacek Olczak, Chief Executive Officer, said, “We are executing efficiently and effectively in a dynamic operating environment of geopolitical and economic tensions that accentuate currency volatility. We are doing our utmost to mitigate these challenges and deliver robust growth and value creation.”

Outlook: Philip Morris cuts FY24 adjusted EPS outlook to $6.19 – $6.31 from $6.32-$6.44 versus an estimate of $6.35.

It raised FY24 organic revenue growth guidance to 7% – 8.5% from 6.5% – 8%.

Philip Morris sees second-quarter adjusted EPS of $1.50 – $1.55 against an estimate of $1.63.

Price Action: PM shares are trading higher by 2.98% at $96.86 at the last check Tuesday.

Image by svklimkin from Pixabay


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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