Philip Morris (NYSE:PM) Surprises With Q2 CY2026 Sales
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Tobacco company Philip Morris International PM beat Wall Street's revenue expectations in Q2 CY2026, with sales up 10.4% year on year to $11.19 billion. Its GAAP profit of $1.80 per share was 9% below analysts' consensus estimates. Philip Morris (PM) Q2 CY2026 Highlights: Company Overview Founded in 1847, Philip Morris International PM manufactures and sells a wide range of tobacco and nicotine-containing products, including cigarettes, heated tobacco products, and oral nicotine pouches. Revenue Growth A company's long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With $42.54 billion in revenue over the past 12 months, Philip Morris is one of the most widely recognized consumer staples companies. Its influence over consumers gives it negotiating leverage with distributors, enabling it to pick and choose where it sells its products (a luxury many don't have). As you can see below, Philip Morris grew its sales at a decent 8.7% compounded annual growth rate over the last three years. This shows its offerings generated slightly more demand than the average consumer staples company, a helpful starting point for our analysis. This quarter, Philip Morris reported year-on-year revenue growth of 10.4%, and its $11.19 billion of revenue exceeded Wall Street's estimates by...
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