Philip Morris USA’s local cigarette shipment volume in the course of the 3Q was about 0.1 % higher compared to the results presented for the same period of 2014.
Marlboro volume has declined by 0.7 % ; while the volume of the company’s other key cigarette brands dropped by 4.3 % however its low cost brands volume increased by 10.4 %.
In featuring its 3Q and nine-month results, Altria stated that PM USA’s claimed local cigarettes shipment volume had gained in the 3Q from industry volume development and retail share profits.
‘During the first nine months of 2015, PM USA’s claimed local cigarettes shipment volume has elevated by 1.5 % also because of these factors and trade inventory actions,’ it stated.
‘When altered for trade inventory actions and other elements, PM USA reports that it’s local cigarettes shipment volume remained the same in the 3Q and elevated around 0.5 % during the first nine months.
‘PM USA reports that overall industry cigarette volumes dropped about 1 % in the 3Q and around 0.5 % in the course of the first nine months.’
PM USA’s local-market retail share within the first quarter to the end of September, at about 51.3 %, was amplified by around 0.4 of a percentage point in comparison to the results of 2014.
Marlboro’s market share has boosted by 43.9 %, while the share of the company’s other high quality brands dropped by 2.8 %, and the share of its low cost brands has increased by 4.6 %.
USSTC and PM USA’s mixed local smokeless products shipment volume in the course of the 3Q, at 204.9 million cans and packages, increased by 0.9 % in comparison to the same period of 2014.
“Altria proceed to offer outstanding overall performance in the 3Q and for the first nine months,” stated Marty Barrington, Altria’s chairman, CEO and president.
“One more time, our businesses heightened their market leadership, with solid revenue development and strong retail share increases by the iconic Marlboro and Copenhagen cigarette brands.
“We consider our year-to-date adjusted earnings per share growth of 11.5 % positions us properly to provide on our full-year strategies.