Philip Morris (PM) Q1 2026 (USD): adj. EPS 1.93 (exp. 1.83), Revenue 10.2bln (exp. 9.89bln)
Philip Morris exceeded expectations in Q1 2026 with adjusted EPS and revenue reporting above forecasts, which reflects strong traction in their smoke-free segment, despite some logistical impacts from the Middle East conflict.
Moody's (MCO) Q1 2026 (USD): EPS 4.33 (exp. 4.24), Revenue 2.08bln (exp. 2.07bln)
Turkish CBRT Policy Announcement (Apr) 37% (exp. 37%, prev. 37%)
Philip Morris (PM) Q1 2026 (USD): adj. EPS 1.93 (exp. 1.83), Revenue 10.2bln (exp. 9.89bln)
"EU countries agree to unlock a EUR 90bln loan to Ukraine and new sanctions on Russia, as Hungary signals it is ready to drop its months-long opposition", DPA reports
Bank of America (BAC) consumer unit chief says consumers are resilient and are still spending
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COMMENTARY:
- The Middle East conflict had a small impact in Q1, affected shipments to Global Travel Retail and certain markets in the region
- Performance continues to be driven by the international smoke-free business
- IQOS continued to lead the growth of the global category, in which PMI holds approximately 77% volume share.
GUIDANCE:
- FY EPS view 8.36-8.51 (exp. 8.40)
The guidance for FY EPS also aligns closely with market expectations, indicating stability in growth prospects and underlining PMI's dominant position in the global smoke-free category. Overall, this report is likely to engender positive sentiment among investors, reinforcing the bullish outlook on PMI's strategic shift.
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