{"id":3751,"date":"2016-02-22T02:56:07","date_gmt":"2016-02-22T02:56:07","guid":{"rendered":"https:\/\/pepesnonsmokingpartytimelounge.com\/?p=3751"},"modified":"2016-02-22T02:56:07","modified_gmt":"2016-02-22T02:56:07","slug":"philip-morris-international-earnings-revenue-down-big-time","status":"publish","type":"post","link":"https:\/\/pepesnonsmokingpartytimelounge.com\/?p=3751","title":{"rendered":"Philip Morris International earnings, revenue down … big time"},"content":{"rendered":"

\"PMI\"<\/p>\n

Great story!<\/p>\n

Philip Morris International’s earnings and revenue are dropping, dropping faster than forecast by the company.<\/p>\n

Philip Morris is a spin-off from Altria, which handles Philip Morris’ domestic production of cigarettes.<\/p>\n

According to several stories I came across, Philip Morris’ \u00a0revenues dropped 11 percent at the end of 2015, dropping faster than projected. Cigarette shipping volume also dropped 2.4 percent, excluding acquisitions.<\/p>\n

What this tells me, surprisingly, is that even internationally, the tobacco industry is hurting. Now, by “hurting,” I mean, they aren’t raking in the kinds of billions there were raking in 20 and 30 years ago. \u00a0The biggest declines were in Eastern Europe, \u00a0the Middle East and Africa, where revenues were down 19 percent — that is interesting.<\/p>\n

Here is an interesting paragraph from the the MySA Website:<\/a><\/p>\n

International tobacco company Philip Morris International has been an attractive stock ever since it split off from domestic peer and former parent Altria Group , combining growth prospects from foreign markets with solid dividend income. But 2015 has been a tough year for Philip Morris, and between foreign currency weakness and new regulatory threats that, in some cases, are even worse than what Altria has had to face in the U.S.,<\/strong> the global tobacco giant has seen its financials under pressure. Coming into Philip Morris International’s fourth-quarter financial report Thursday, investors were prepared for declining fundamentals, but worse-than-expected results and gloomy guidance went beyond those initial expectations.<\/p><\/blockquote>\n

There’s the important sentence: “new regulatory threats that, in some cases, are even worse than what Altria has had to face in the U.S.” What this is referring to are small countries around the world attempting to pass restrictions on marketing and packaging of tobacco. Philip Morris International has been in a massive legal battle for years with Australia over that country’s plain packaging laws, and they’re battling a bunch of other countries like Uruguay and New Zealand over marketing and plain packaging laws.<\/p>\n

\"Jeff\"
John Oliver’s “Jeff the Diseased Lung” was a giant “screw you” to Philip Morris International for its tactics bullying small countries around the world.<\/figcaption><\/figure>\n

And here we go … I’ve talked about this extensively, that the tobacco industry absolutely is looking to take over the e-cig industry. From this Investor’s Business Daily article:<\/a><\/p>\n

Chief Executive Andre Calantzopoulos said efforts to develop electronic cigarettes and other cigarette alternatives picked up steam.<\/p>\n

\u201cWe continued to make exciting progress on the development, assessment and commercialization of our Reduced-Risk Products,\u201d he said. \u201cWe significantly expanded the roll-out of iQOS (smokeless cigarette) in Japan and introduced it into several new markets.\u201d<\/p><\/blockquote>\n

Yup, they’re absolutely going to be looking for e-cigs to help save their skins.<\/p>\n

Anyway, I thought this was great news. Big Tobacco is slowly shrinking, not fast enough for my taste, but make no mistake, an 11 percent drop in revenue is a real hurt. I look for Big Tobacco to respond by diversifying more into e-cigs and possibly one day, marijuana.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Great story! Philip Morris International’s earnings and revenue are dropping, dropping faster than forecast by the company. Philip Morris is a spin-off from Altria, which handles Philip Morris’ domestic production of cigarettes. According to several stories I came across, Philip Morris’ \u00a0revenues dropped 11 percent at the end of 2015, dropping faster than projected. Cigarette … Continue reading Philip Morris International earnings, revenue down … big time<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":3752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[755],"tags":[756],"class_list":["post-3751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-philip-morris-interntional","tag-philip-morris-international"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2016\/02\/PMI.jpg?fit=288%2C162&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hpEa-Yv","jetpack-related-posts":[{"id":1141,"url":"https:\/\/pepesnonsmokingpartytimelounge.com\/?p=1141","url_meta":{"origin":3751,"position":0},"title":"Philip Morris profits down 8 percent in second quarter 2013","author":"Pepe Lepew","date":"July 20, 2013","format":false,"excerpt":"Oh, happy day. Philip Morris (Altria), the No. 1 private cigarette manufacturer in the world, saw its profits drop a dramatic 8 percent in the second quarter of 2013, mostly due to lagging sales. Philip Morris shares dropped 2.5 percent as a result. Here's what is interesting. We all know\u2026","rel":"","context":"In "Altria"","block_context":{"text":"Altria","link":"https:\/\/pepesnonsmokingpartytimelounge.com\/?cat=4"},"img":{"alt_text":"philip morris","src":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2013\/07\/philip-morris.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":4166,"url":"https:\/\/pepesnonsmokingpartytimelounge.com\/?p=4166","url_meta":{"origin":3751,"position":1},"title":"Philip Morris stock crashes","author":"Pepe Lepew","date":"April 21, 2018","format":false,"excerpt":"Woot! This story made my heart warm. Philip Morris International (a company split off from Altria that focuses specifically on the tobacco market outside of the U.S.) stock dropped 18 percent on April 19, partly because sales of its iQos product -- a device that heats a tobacco plug without\u2026","rel":"","context":"In "Philip Morris Interntional"","block_context":{"text":"Philip Morris Interntional","link":"https:\/\/pepesnonsmokingpartytimelounge.com\/?cat=755"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2018\/04\/1000x-1.png?fit=1000%2C562&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2018\/04\/1000x-1.png?fit=1000%2C562&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2018\/04\/1000x-1.png?fit=1000%2C562&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2018\/04\/1000x-1.png?fit=1000%2C562&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":769,"url":"https:\/\/pepesnonsmokingpartytimelounge.com\/?p=769","url_meta":{"origin":3751,"position":2},"title":"Oregon Supreme Court came, saw, then kicks Philip Morris’ ASS","author":"Pepe Lepew","date":"December 3, 2011","format":false,"excerpt":"Philip Morris got its ass handed to it by the Oregon Supreme Court, which shockingly (to me, because the good guys rarely win these cases, at least completely win) upheld a jury award to the widow of a smoker killed by lung cancer. The Supreme Court ruled that Philip Morris\u2026","rel":"","context":"In "Big Tobacco"","block_context":{"text":"Big Tobacco","link":"https:\/\/pepesnonsmokingpartytimelounge.com\/?cat=10"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2011\/12\/oregonian.jpg?fit=380%2C250&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3653,"url":"https:\/\/pepesnonsmokingpartytimelounge.com\/?p=3653","url_meta":{"origin":3751,"position":3},"title":"Crikey! Australia kicks international Big Tobacco’s butt … again","author":"Pepe Lepew","date":"December 20, 2015","format":false,"excerpt":"Yet another major legal victory for Australia in its long-running battle against Big Tobacco. Specifically, Australia defeated Philip Morris International, which has been one of the corporations fighting Australia for the past five to 10 years over that nation's plain-packaging laws. Initially, the government of Australia won in the Australian\u2026","rel":"","context":"In "Australia"","block_context":{"text":"Australia","link":"https:\/\/pepesnonsmokingpartytimelounge.com\/?cat=8"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2015\/12\/AustralianFlag.jpg?fit=1200%2C991&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2015\/12\/AustralianFlag.jpg?fit=1200%2C991&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2015\/12\/AustralianFlag.jpg?fit=1200%2C991&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2015\/12\/AustralianFlag.jpg?fit=1200%2C991&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2015\/12\/AustralianFlag.jpg?fit=1200%2C991&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4074,"url":"https:\/\/pepesnonsmokingpartytimelounge.com\/?p=4074","url_meta":{"origin":3751,"position":4},"title":"Reuters India investigation: Philip Morris definitely targeting young people","author":"Pepe Lepew","date":"August 31, 2017","format":false,"excerpt":"Interesting read here for my Indian readers on how India is threatening to crack down against Philip Morris International with some kind of \"punitive action\" for violating that country's anti-tobacco laws prohibiting marketing cigarettes to minors. The Indian Healthy Ministry sent a warning letter to PMI after a Reuters investigation\u2026","rel":"","context":"In "India"","block_context":{"text":"India","link":"https:\/\/pepesnonsmokingpartytimelounge.com\/?cat=856"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2017\/08\/marlboro-kiosk.jpg?fit=876%2C696&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2017\/08\/marlboro-kiosk.jpg?fit=876%2C696&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2017\/08\/marlboro-kiosk.jpg?fit=876%2C696&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2017\/08\/marlboro-kiosk.jpg?fit=876%2C696&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2878,"url":"https:\/\/pepesnonsmokingpartytimelounge.com\/?p=2878","url_meta":{"origin":3751,"position":5},"title":"Another Engle Case judgement — $17.3 million against Philip Morris","author":"Pepe Lepew","date":"January 25, 2015","format":false,"excerpt":"This is yet another in a long line (literally thousands) of Engle Case lawsuits in Florida. The Engle case was a Supreme Court decision that overturned a $145 billion class-action judgement against Big Tobacco, while at the same time allowing individual lawsuits against various tobacco companies to be filed. This\u2026","rel":"","context":"In "Engle case"","block_context":{"text":"Engle case","link":"https:\/\/pepesnonsmokingpartytimelounge.com\/?cat=24"},"img":{"alt_text":"0.8A!OpenElement&FieldElemFormat=gif","src":"https:\/\/i0.wp.com\/pepesnonsmokingpartytimelounge.com\/wp-content\/uploads\/2015\/01\/0.8AOpenElementFieldElemFormatgif.gif?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=\/wp\/v2\/posts\/3751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3751"}],"version-history":[{"count":0,"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=\/wp\/v2\/posts\/3751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=\/wp\/v2\/media\/3752"}],"wp:attachment":[{"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pepesnonsmokingpartytimelounge.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}