Philip Morris International (PM) Stock

Philip Morris International reported impressive results for Q3 2024, with a 2.9% rise in organic shipment volume and a significant increase in revenue, demonstrating its strength in a challenging market. The company's smoke-free products are a key factor in this growth, showing a 17% rise in net revenue and a 20% increase in gross profit, which is better than its traditional tobacco products. Even with a decline in the industry, Philip Morris anticipates $15 billion in smoke-free net revenues for 2024 and a 7.5% year-on-year growth in earnings per share, which will benefit shareholders.

STAMFORD, CT--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) celebrates the 10th anniversary of its top smoke-free product, IQOS. The introduction of this innovative product was a significant step towards the company's goal of a cigarette-free future. In Japan, where IQOS was first launched in 2014, new public health data has been released by the National Health and Nutritional Survey (NHNS), an annual nationwide health assessment.

SEOUL, Korea, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The Ministry of the Interior and Safety in Korea is making an important move to help families in need by partnering with Philip Morris Korea. They have decided to add helpful information about support services inside the packaging of four key products from Philip Morris Korea.

Philip Morris International is a strong investment choice because of its excellent smoke-free products and global presence. The company's purchase of Swedish Match and its impressive financial results, including solid earnings per share growth, back my recommendation to buy. Although its dividend performance isn't as good as some rivals, PM's smart use of capital has set it up for future growth and increased dividends.

Tobacco is usually seen as a slow-moving industry with high dividend returns and stability during economic downturns, but one tobacco company has had an unexpected rise this year. Philip Morris International (PM -0.93%) has increased by 38% in 2024, thanks to its shift towards modern smoke-free products like Iqos heat-not-burn sticks and Zyn nicotine pouches.

Philip Morris is experiencing significant growth due to its shift towards smoke-free products, which is backed by innovation, worldwide expansion, effective pricing strategies, and careful cost control.

Philip Morris (PM) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

This company is making excellent decisions and outpacing its competitors.

Investing in companies that are expected to increase their dividends can result in good profits over time.