Philip Morris International, Inc.'s Most Disappointing Segment in 2016 So Far

Image source: Philip Morris International.

Continue Reading Below

Tobacco giant Philip Morris International (NYSE: PM) has a cigarette empire that stretches across the globe. From Asia and Europe to the Americas, Philip Morris has a presence in every region of the world, with the most important omission being the U.S. market that its former parent continues to dominate.

However, just because Philip Morris is involved in tobacco everywhere doesn't mean that it has managed to pull the same amount of sales and profits from each part of the world. In particular, Philip Morris' results for 2016 so far indicate that one particular segment -- its Latin America and Canada business -- has faced substantial challenges that continue to make it the company's least important segment from a top-line and bottom-line perspective.

It's a small world after all

<3>More From

Continue Reading Below