PM - Cigarette Maker Philip Morris Reports Mixed Q3 Performance; Marlboro Cigarette Shipment Volume Down 1.6% | Benzinga
Philip Morris International Inc (NYSE: PM) reported third-quarter FY23 sales growth of 13.8% year-on-year to $9.14 billion, marginally missing the analyst consensus estimate of $9.17 billion.
Cigarette and Heated Tobacco unit (HTU) shipment volume in Q3 grew by 2.2% Y/Y, reflecting growth of 18% for HTUs and a decline of 0.5% for cigarettes.
Marlboro cigarette shipment volume decreased by ...