Results summary: Philip Morris International (PMI): Q1 2026 Results Philip Morris International (PMI) delivered a “double beat” in Q1 2026, consistent with our PMI: Q1 2026 Preview. That said, both topline and bottom-line performance exceeded consensus by a wider margin than we had anticipated. The upside was primarily driven by strong...
Taxation: E-cigarettes
E-cigarette is invented two decades ago in China and became available in Europe and the US as early as 2006/2007. Following years of turbulent growth, e-cigarette sales now surpassed the $20Bn mark (global retail turnover per year). Therefore, the category is no longer under the radar and is a subject...
Philip Morris International (PMI): Q1 2026 Results
Ahead of the Q1 2026 Earnings release Date: April 22, 2026 (Wednesday), before the bell Consensus: $9.88 billion revenue (+6.2% year-on-year); $1.83 EPS (+8.3% year-on-year) PMI FY26 Guidance: Net revenue growth of 5%-7% and adjusted diluted EPS growth of 11.1%-13.1%. For Q1 2026, the company expects EPS in the range of $1.80-$1.85 (midpoint:...