Philip Morris International Inc PM reported a third-quarter FY22 sales decline of 1.1% year-on-year to $8.03 billion, beating the consensus of $7.42 billion.
On a pro forma basis, adjusted net revenues increased by 6.9% in organic terms, primarily driven by total shipment volume growth of 2.3%.
Cigarette and Heated Tobacco unit shipment volume in Q3 rose by 0.6% Y/Y, with 4.6% growth in South & Southeast Asia.
Marlborocigarette shipment volume decreased by 1.7%, mainly due to the European Union and Eastern Europe regions, partly offset by the Americas region. Chesterfield shipment volume jumped 8.6%, and Parliament saw a 2.9% hike.
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