USA: Philip Morris sees Q2 EPS up 11.7%
International tobacco to food conglomerate Philip Morris Companies (PMC) has posted underlying diluted earnings per share (EPS) up 11.7% to US$1.24 and underlying net earnings up 8% to US$2.7bn, for its Q2 2002. "PMC had another strong quarter," said Louis C. Camilleri, president and CEO: "Our domestic tobacco business delivered solid income gains in a highly competitive marketplace. Our international tobacco business delivered strong volume and income gains, with excellent share growth across most of its key markets. Kraft Foods also delivered a very strong quarter, with pro forma diluted earnings per share up 17% behind a solid income gain and increased volume. During the quarter, we announced the merger of Miller Brewing Company with South African Breweries, which was completed on 9 July."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Food market in 2017: need-to-know US trends
- Food market in 2017: big foodservice trends
- Could BRF's Turkey move pave way for OneFoods IPO?
- Ferrero insists Nutella not pulled from shelves
- UK's Bakkavor plays down IPO "speculation"
- Dairy giant Muller appoints new CFO, COO
- Kellogg announces new "nutritious" line-up
- PepsiCo launches Walkers Mediterranean in UK