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PMI: Q1 2024 Results

By Tobacco InsiderIn All, companies, philip morrisPosted

Key Business Metrics1 Adjusted net revenue: up +8.6% to $8.79Bn (vs. $8.47Bn expected; +11% ex-FX) Adjusted diluted EPS: up +8.7% to $1.50 (vs. $1.41 expected; +23.2% ex-FX) Adjusted operating income margin: 38.2% (up+0.9pp vs. Q1 2023; +3.7pp ex-FX; deceleration in SG&A growth) Total volume: up +3.6% to 180.5Bn (HnB volume:...

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