PMI Q3: Smokeless products account for 38% of net sales, says The Times

Oct.28.2024

PMI's third-quarter financial report revealed $9.91 billion in revenue, up 8.4% year-on-year, with smoke-free products driving growth.

On October 27th, 2Firsts noticed that the British newspaper "The Times" published an advertisement for the third quarter financial report of Philip Morris International (PMI).

Previously, PMI released its financial report for the third quarter of 2024 on October 22. The report showed that the third quarter revenue was $9.91 billion, an increase of 8.4% year-over-year. In this quarter, the smoke-free business accounted for 38% of PMI's total net income and 40% of gross profit, increasing by 1.9% and 2.2% compared to the third quarter of last year, respectively. The quarterly shipments of smoke-free products reached nearly 40 billion units in 92 markets globally, with a total of 36.5 million users.

Also Read:

[1] PMI reports strong Q3 performance: Smoke-free product users reach 36.5 million, ZYN sales up 41.4% in the US

[2] PMI launches IQOS pilot programme in Austin, Texas

[3] Philip Morris Bulgaria commits to carbon neutrality by 2040

[4] Philip Morris International and others agree to pay $23.6 billion

[5] PMI Real-Time Audio Webcast of Q3 2024 Financial Results

[6] Philip Morris International's Efforts in Substituting Traditional Cigarettes with Alternatives

[7] 30 Years of Innovation: Philip Morris International's Transformation Journey

[8] PMI Italy Launches IQOS iluma i Prime Heating Tobacco Device

[9] PMI's IQOS Revenue Surpasses Marlboro, Aiming for 100B sales

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