Philip Morris International Stock Surges to New All-Time High. Is It Too Late to Buy the Stock?

With that said, what investors truly privation to cognize present is whether they tin inactive bargain the banal oregon if it's excessively late. Let's instrumentality a person look astatine its first-quarter results to find out.

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Philip Morris' biggest maturation operator continues to beryllium Zyn. For those unfamiliar with Zyn, it is simply a pouch made of nicotine pulverization and flavoring alternatively of tobacco, and it has taken the U.S. marketplace by storm. It has go fashionable among young adults, bureau workers, and adjacent women who similar its discreet use, flavors, and the buzz they get from the product.

In Q1, Zyn's beardown maturation continued, with U.S. shipment volumes soaring 53% to 202 cardinal cans. International volumes besides roseate 53%, oregon 182% excluding its established Nordic markets. Overall oral merchandise shipments climbed 27%.

That said, immoderate of the maturation came from retail inventory restocking. At the retail level, the institution saw coagulated off-take measurement maturation for Zyn of astir 15%. It expects this maturation to gradually accelerate successful the coming months arsenic in-store availability improves and it increases its selling efforts. Due to its coagulated results, it present expects U.S. ZYN shipments to beryllium betwixt 800 cardinal and 840 cardinal cans, up from a anterior outlook of betwixt 780 cardinal and 820 cardinal cans.

Zyn was not the company's lone beardown performer successful the quarter. Heated baccy units (HTUs) volumes, including the IQOS system, jumped astir 12% to 37.1 cardinal units. The institution said in-market income (those to extremity users) roseate 9% successful Japan and much than 7% successful Europe. It besides noted beardown maturation coming from cities extracurricular of Japan and Europe, including Jakarta, Seoul, and Mexico City. Philip Morris besides saw shipment maturation much than treble for its e-vapor product, VEEV, led by pod maturation successful Europe.

Traditional cigaret volumes, meanwhile, stay steady, rising 1.1% to 144.8 cardinal units. Its marketplace share, excluding the U.S. and China, roseate 0.2% to 23%, oregon by 0.4% to 24.8% erstwhile including HTUs.

Overall, integrated revenue, which excludes currency effects, acquisitions, and dispositions, roseate 10% twelvemonth implicit twelvemonth to $9.3 billion. Adjusted net per stock (EPS) climbed 17% to $1.76.