Philip Morris International Incorporation operates in the Cigarettes sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Philip Morris International Incorporation with three other
tobacco companies in North America:
Altria Group, Inc.
(2020
sales of $20.84 billion
of which 111%
was Smokeable products),
Turning Point Brands Inc
($405.11 million
of which 39%
was NewGen Products), and
Vector Group Limited
($1.54 billion
of which 78%
was Tobacco).
Sales Analysis.
During the second
quarter of 2021, sales at Philip Morris International Incorporation totalled
$7.59 billion.
This is
an increase of 14.2%
from the $6.65 billion in sales at the company during the second quarter of 2020.
This was the largest same quarter increase in sales since the fourth
quarter of 2017.
During the first two
quarters of 2021, sales totalled $15.18 billion, which is
10.0% higher
than through the first two quarters of 2020.
Philip Morris International Incorporation reported sales of $28.69 billion
for the
year ending
December of 2020.
This
represents
a
decrease of 3.7%
versus 2019, when the company's sales were $29.81 billion.
The sales level in 2020 was fairly close to the level five years ago: in 2015, Philip Morris International Incorporation had sales
of $26.79 billion.
Contributing to the drop in overall sales was the 23.6% decline
in Middle East and Africa, from $4.04 billion to $3.09 billion.
There were also decreases in sales in
South and Southeast Asia (down 13.7% to $4.40 billion)
and
Latin America and Canada (down 22.9% to $1.70 billion)
.
However, these declines were partially offset by the increase in sales of
European Union (up 9.0% to $10.70 billion)
and
East Asia and Australia (up 1.2% to $5.43 billion)
and
Eastern Europe (up 2.9% to $3.38 billion)
.