Philip Morris (NYSE:PM) Q2 Breakdown: An Exceptional Quarter, Record Earnings Ahead

Philip Morris International (NYSE:PM) just posted an exceptional Q2 report this week, beating both Wall Street’s top and bottom line estimates while setting the stage for the company to report record Fiscal 2023 earnings.

The international tobacco behemoth is benefiting from several aspects these days, which are set to persist in the coming quarters. These include resilient combustibles demand, rising non-combustibles momentum, and Swedish Match contributing strongly to sales. Accordingly, I remain bullish on the stock.